- Over 26 U.S. states have introduced Bitcoin and digital asset legislation.
- Fifteen states are actively incorporating Bitcoin into financial strategies.
- Arizona and Utah are the closest to passing BTC reserve laws.
A total of 27 U.S. states have rolled out Bitcoin and crypto asset bills, signaling increasing government interest in cryptocurrency adoption.
While some states favor direct BTC reserves, others support Bitcoin ETF investments through public funds. Meanwhile, discussions on a national strategic Bitcoin reserve are gaining momentum at the federal level.
State-Led Initiatives Push Bitcoin Adoption
The data reveals that U.S. states are taking diverse approaches to Bitcoin adoption. David Sacks, the U.S. crypto czar under President Donald Trump, recently confirmed that he is exploring the feasibility of a national Bitcoin reserve, though discussions remain in the early stages.
At least 15 states have already begun incorporating Bitcoin into their financial strategies. States like Alabama and Kentucky see Bitcoin as a tool to attract crypto-focused businesses and hedge against economic uncertainty.
Others, including Florida and Arizona, are advancing legislation that would allow public funds to invest in Bitcoin. Massachusetts and Montana have introduced plans to include Bitcoin in state-managed investment portfolios, citing its potential as a high-growth asset.
Meanwhile, Texas continues to push Bitcoin reserve policies as part of its ambition to establish itself as a global blockchain hub.
Related: Texas Moves Forward with Bill to Create State Bitcoin Reserve
According to KuCoin, Arizona and Utah are currently the closest to getting Bitcoin reserve bills signed into law. As these state-level initiatives gain traction, the broader debate over Bitcoin’s role in national and state economies is intensifying.
Global Interest in Bitcoin Reserves
Beyond the United States, interest in Bitcoin reserves is growing in other parts of the world. The Czech Republic has become the latest country to consider allocating a portion of its national reserves to Bitcoin.
Governor Aleš Michl of the Czech National Bank recently stated in an interview with the Financial Times that he is advocating for at least five percent of the country’s €140 billion ($145 billion) in reserves to be held in Bitcoin.
Michl sees Bitcoin as a long-term asset that could help diversify the nation’s holdings. However, his perspective has faced resistance from other financial regulators.
Related: Poland’s Central Bank Rejects Bitcoin for Reserves, Citing Stability Concerns
Crypto Industry Divided Over Government Bitcoin Adoption
As more governments explore BTC reserves, divisions within the crypto industry are also intensifying. Bitcoin maximalists argue that only BTC should be included in national reserves, rejecting other digital assets.
The debate escalated after former President Donald Trump signed an executive order using the term “digital assets” instead of exclusively referring to Bitcoin.
At the heart of the controversy is Ripple CEO Brad Garlinghouse, who BTC supporters accuse of lobbying for XRP to be included in potential U.S. government reserves. However, Garlinghouse has dismissed these claims.
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Source: https://coinedition.com/27-us-states-introduce-bitcoin-and-crypto-bills-amid-growing-institutional-interest/
