In the United States behind the scenes, Bitcoin laws are being drafted at state levels. Nearly 30 of the proposals would direct funds to reserves. Matthew Sigel reported by VanEck that if 20 bills were passed, they could generate up to 23 billion dollars in purchases or 247,000 BTC.
This number excludes pension fund distributions which may occur if legislators in the state move forward. State measures include directing general budgets and special revenue funds. “Rainy Day”Bitcoin: ‘funds into Bitcoin’, a diverse approach in the sourcing of public money.
Oklahoma’s committee-level proposal seeks a 10% allocation from its $14.7 billion state funding sources, amounting to more than 15,000 BTC. Massachusetts introduced a bill targeting its “Rainy Day”Texas is advancing legislation which could allocate at least 1% general revenue that’s not taxed to Bitcoin.
New Hampshire, Montana and other states have proposed proposals that do not specify a fixed number, but instead give percentages. Wyoming’s effort, once aiming for a 3% allocation of $27.1 billion, is marked failed or dead, though other states continue to push similar bills through committees or introductory stages. Iowa, Missouri and South Dakota, among others, are weighing different percentages. This suggests that they share the same view of Bitcoin as an alternative or hedge.
North Carolina has recently joined the trend by introducing a new plan that will invest 10% of selected state funds into Bitcoin. Others cite the need to diversify and hedge against inflation as a reason, while some legislators emphasize their interest in financial innovations. The critics claim that the uncertainty of legal and political environments is what prevents a wide adoption.
States have different funding methods. Maryland looks at allocations via a revenue stream from gambling enforcement. Ohio’s proposal involves designated donations and interim state funds. Kentucky ties Bitcoin investments to assets that exceed a certain market capitalization level. This mainly affects Bitcoin because of its historic position as the most valuable digital asset. Some supporters argue that even small positions could familiarize governments with new technology, and show an openness towards private sector innovations.
| State | Date | Status | The Source of Funding | The Funding Size | Investment % | BTC |
|---|---|---|---|---|---|---|
| Oklahoma | 15‑Jan‑25 | Committee 2 | State General Fund, Revenue Stabilization Fund, Constitutional Reserve“Rainy Day”) | $14,664,000,000 | 10% | 15,125 |
| Massachusetts | 10‑Jan‑25 | Introduced | Constitutional Stabilization (“Rainy Day”″Fund” | $8,831,000,000 | 10% | 9,139 |
| Wyoming | 17‑Jan‑25 | Failed/Dead | General Fund and Permanent Wyoming Mineral Trust | $27,100,000,000 | 3% | 9,088 |
| New Hampshire | 10‑Jan‑25 | Committee 1 | General Funds, Revenue Stabilization Funds (others), | $12,316,117,432 | n/a | 2,183 |
| Utah | 15‑Jan‑25 | Committee 2 | State Disaster Recovery/General Revenue Reserve Income Tax Fund Budget Reserve/Medicaid Growth Reduction & Allocation Accounts | $1,401,800,000 | 10% | 1,446 |
| Texas | 16‑Jan‑25 | Committee 1 | Unencumbered & unobligated GRF balance | $18,290,000,000 | 1% | 1,887 |
| Iowa | 6‑Feb‑25 | Committee 1 | General Fund, Cash Reserve Fund and Economic Emergency Fund | $5,472,000,000 | 5% | 2,822 |
| Missouri | 23‑Jan‑25 | Committee 1 | State Treasurer | $17,082,467,808 | 10% | 17,620 |
| New Mexico | 4‑Feb‑25 | Committee 1 | Land Grant Permanent Fund Severance Tax Permanent Fund Tobacco Settlement Permanent Fund and other State funds | $42,098,000,000 | 5% | 21,711 |
| South Dakota | 30‑Jan‑25 | Committee 1 | State Public Funds approved by State Investment Council | $16,678,000,000 | 10% | 17,203 |
| Montana | 8‑Feb‑25 | Committee 1 | Montana General Fund (up to $50 million initially) | $4,176,970,000 | n/a | 516 |
| North Carolina | 10‑Feb‑25 | Introduced | General Fund, Highway Fund, Teachers’ & State Employees’ Other special funds of the state | $26,291,046,000 | 10% | 27,118 |
Analysis of the 20 US State Bitcoin Reserve Proposals
Federal interest appears limited to early-stage discussions, though public statements by President Donald Trump’s administration and some lawmakers have introduced the idea of a national Bitcoin reserve. It has not yet been enacted into any concrete action. The state momentum suggests, however, that local governments see Bitcoin as a valuable resource for budget categories and investments pools. While some states have stopped or rejected these efforts, the trend overall indicates that there is a growing movement to include Bitcoin in state fiscal policies.
The legislative committees continue to assess each bill. Some measures may return for further discussion despite their initial failures. Proposals that survive committee scrutiny may undergo amendments before reaching final votes, yet the broad interest highlights Bitcoin’s potential role in government strategies. These plans could have a significant impact on how money is spent by the United States if they are implemented in a substantial way.
Bitcoin, US crypto, featured, regulation Author 
Liam ‘Akiba’ Wright
Also known by “Akiba,” Liam Wright works as a reporter at CryptoSlate, produces podcasts, and is the editor-in-chief. He is a firm believer that the decentralized technologies have the power to bring about positive changes.
Liam @akibablade, LinkedIn email Editor
News Desk
CryptoSlate provides a complete and contextualized resource for cryptocurrency news, data, and insights. Focused on Bitcoin, macroeconomics, DeFi, and AI.
Twitter Email Editor @cryptoslate Ad 
TRON’s 2024 recap: Messari’s, CryptoQuant’s, CryptoRank’s, and Cointelegraph’s reports highlight record growth.
Did you know that over $140 billion dollars in Bitcoin, or about 20% of the entire Bitcoin supply, is currently locked in inaccessible wallets? Or maybe you have lost access to your Bitcoin wallet? Don’t let those funds remain out of reach! AI Seed Phrase Finder is here to help you regain access effortlessly. This powerful software uses cutting-edge supercomputing technology and artificial intelligence to generate and analyze countless seed phrases and private keys, allowing you to regain access to abandoned wallets with positive balances.
