• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

US States Aim to Create Bitcoin Reserves: A Growing Trend

user avatar

by Giorgi Kostiuk

3 months ago


Interest in Bitcoin in the US is expanding beyond individuals. Several states are contemplating Bitcoin reserves to foster financial innovation and diversify their economies.

How is Texas Leading the Charge?

In Texas, steps are being taken towards establishing a Bitcoin reserve. Representative Giovanni Capriglione introduced a bill in December 2024, proposing the creation of a state-sanctioned Bitcoin stockpile. This legislation mandates that the Bitcoin be stored in cold wallets for a minimum of five years and prohibits transactions outside state lines.

What Other States Are Following Suit?

In Pennsylvania, the House of Representatives proposed a bill in November 2024 that advocates for allocating 10% from its General Fund to invest in Bitcoin, potentially amounting to around $1 billion. This aims to leverage Bitcoin as a hedge against inflation.

Ohio has introduced a bill allowing its treasury to acquire Bitcoin, reflecting a commitment to technological advancements and safeguarding tax revenues from depreciation.

New Hampshire’s recent proposal, introduced by Keith Ammon, aims for investments specifically in Bitcoin, citing its substantial market capitalization. Meanwhile, North Dakota’s legislators have suggested investing state funds into various cryptocurrencies, indicating the potential for future detailed proposals.

The Future of Economic Innovation in the US

These initiatives reflect a growing trend among US states to embrace economic innovation, keeping pace with the digital landscape while aiming for long-term financial resilience.

With efforts from states like Texas and Pennsylvania to embrace new financial practices, interest in Bitcoin and its economic potential in the US continues to grow.

0

Share

Other news

Institutional Investors Fuel Bitcoin Premium at Coinbase

Institutional investors are increasing the Bitcoin premium at Coinbase, maintaining it for 265 hours.

user avatarGiorgi Kostiuk

2 minutes ago

Geyser Launches Social-Gated Crowdfunding for Bitcoin Projects

Geyser has introduced a social-gated crowdfunding platform that requires community engagement to access fundraising capabilities.

user avatarGiorgi Kostiuk

20 minutes ago

Altcoins Related to Real World Assets: Developer Activity Insights

A ranking of the top 10 RWA-related altcoins based on developer activity on GitHub.

user avatarGiorgi Kostiuk

22 minutes ago

Bitcoin's Rise Above $95,000 Sparks Optimism in Crypto Community

Santiment's analysis highlights rising optimism for Bitcoin, while cautioning about potential corrections over the weekend.

user avatarGiorgi Kostiuk

37 minutes ago

Blockchain Could Create Over 1.5 Million Jobs by 2030, Rivaling AI

Blockchain holds the potential to create over 1.5 million jobs by 2030, drawing attention to the need for regulation and funding.

user avatarGiorgi Kostiuk

38 minutes ago

Shiba Inu Price Prediction of 17X: Analyst's Insight

Analyst suggests a 17X rise for Shiba Inu, with no official confirmation from project leaders yet.

user avatarGiorgi Kostiuk

an hour ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.