Alabama | PROPOSED | 12/14/2024 | State Auditor Andrew Sorrell advocates for establishing a strategic Bitcoin reserve, though no legislation has been proposed yet. Sorrell argues for gradual Bitcoin investment to diversify state holdings and attract crypto businesses. |
Alaska | NOT PROPOSED | 1/15/2025 | No proposed legislation |
Arizona | IN PROGRESS | 1/27/2025 | SB1025 'Arizona Strategic Bitcoin Reserve Act' would allow state treasurer and retirement systems to invest up to 10% in virtual currency |
Arkansas | NOT PROPOSED | 1/15/2025 | No proposed legislation |
California | NOT PROPOSED | 1/19/2025 | Early discussions but no proposed legislation |
Colorado | NOT PROPOSED | 1/15/2025 | No proposed legislation |
Connecticut | NOT PROPOSED | 1/15/2025 | No proposed legislation |
Delaware | NOT PROPOSED | 1/15/2025 | No proposed legislation |
Florida | PROPOSED | 2/7/2025 | SB550 introduced to authorize state Bitcoin investments, alongside pension fund initiative |
Georgia | NOT PROPOSED | 1/15/2025 | No proposed legislation |
Hawaii | NOT PROPOSED | 1/15/2025 | No proposed legislation |
Idaho | NOT PROPOSED | 6/18/2024 | Idaho Republican party has expressed opposition to CBDCs and support for Bitcoin, but no legislation has been proposed yet. The party's 2024 convention platform advocated for the right to use decentralized digital currencies. |
Illinois | PROPOSED | 1/29/2025 | HB1844 Strategic Bitcoin Reserve Act introduced by Rep. John Cabello |
Indiana | NOT PROPOSED | 1/30/2025 | Multiple digital asset bills introduced: HB1322 for ETF investments and HB1156 for business regulation |
Iowa | NOT PROPOSED | 1/15/2025 | No proposed legislation |
Kansas | PROPOSED | 1/16/2025 | Senate Bill 34 introduced to authorize KPERS board to invest in Bitcoin ETPs with specific requirements and limitations |
Kentucky | PROPOSED | 2/7/2025 | HB376 introduced to authorize state investment in digital assets and bullion |
Louisiana | NOT PROPOSED | 1/15/2025 | No proposed legislation |
Maine | NOT PROPOSED | 1/15/2025 | No proposed legislation |
Maryland | PROPOSED | 2/7/2025 | Strategic Bitcoin Reserve Act of Maryland (HB1389) introduced by Delegate Young |
Massachusetts | PROPOSED | 1/18/2025 | Two bills (HD.3762 and SD.2422) introduced to establish Strategic Bitcoin Reserve for Massachusetts. |
Michigan | NOT PROPOSED | 1/15/2025 | No proposed legislation |
Minnesota | NOT PROPOSED | 1/15/2025 | No proposed legislation |
Mississippi | NOT PROPOSED | 1/20/2025 | HB1590 'Blockchain Basics Act' introduced to protect digital asset rights, but no Bitcoin reserve proposal |
Missouri | PROPOSED | 1/30/2025 | SB614 introduced to allow State Treasurer to invest in qualifying digital assets including Bitcoin |
Montana | NOT PROPOSED | 1/15/2025 | No proposed legislation |
Nebraska | NOT PROPOSED | 1/15/2025 | No proposed legislation |
Nevada | NOT PROPOSED | 1/15/2025 | No proposed legislation |
New Hampshire | PROPOSED | 1/12/2025 | Bill introduced to establish Strategic Bitcoin Reserve |
New Jersey | NOT PROPOSED | 1/30/2025 | A2249 introduced to regulate digital asset business activity, but no Bitcoin reserve proposal |
New Mexico | PROPOSED | 2/4/2025 | Strategic Bitcoin Reserve Act (SB275) introduced by Senator Anthony L. Thornton |
New York | NOT PROPOSED | 1/15/2025 | No proposed legislation |
North Carolina | NOT PROPOSED | 1/15/2025 | No proposed legislation |
North Dakota | REJECTED | 2/4/2025 | HB1184 for digital asset investments failed in House vote |
Ohio | PROPOSED | 2/7/2025 | Two Bitcoin Reserve bills introduced: SB57 (Ohio Bitcoin Reserve Act) and HB18 (Strategic Cryptocurrency Reserve Act) |
Oklahoma | PROPOSED | 1/29/2025 | HB 1203 filed to establish Strategic Bitcoin Reserve Act |
Oregon | NOT PROPOSED | 1/30/2025 | HB2071 introduced to protect digital asset rights, but no Bitcoin reserve proposal |
Pennsylvania | PROPOSED | 11/14/2024 | HB 2664 filed to establish Pennsylvania Strategic Bitcoin Reserve |
Rhode Island | NOT PROPOSED | 1/15/2025 | No proposed legislation |
South Carolina | NOT PROPOSED | 1/15/2025 | No proposed legislation |
South Dakota | PROPOSED | 1/28/2025 | Representative Logan Manhart announces plans to introduce Strategic Bitcoin Reserve legislation |
Tennessee | NOT PROPOSED | 1/15/2025 | No proposed legislation |
Texas | PROPOSED | 1/16/2025 | Texas has proposed legislation to establish a state Strategic Bitcoin Reserve. |
Utah | IN PROGRESS | 2/6/2025 | House Bill 230 passes House vote 38-34, moves to Senate for consideration |
Vermont | NOT PROPOSED | 1/15/2025 | No proposed legislation |
Virginia | NOT PROPOSED | 1/15/2025 | No proposed legislation |
Washington | NOT PROPOSED | 1/15/2025 | No proposed legislation |
West Virginia | NOT PROPOSED | 1/15/2025 | No proposed legislation |
Wisconsin | NOT PROPOSED | 1/15/2025 | No proposed legislation |
Wyoming | PROPOSED | 1/17/2025 | Wyoming House Bill 201 introduced to authorize investment of state funds and permanent funds in Bitcoin, requiring rulemaking and reporting requirements. |