United States Bitcoin Reserve Status by State List

StateStatusLast UpdatedDescription
AlabamaPROPOSED12/14/2024State 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.
AlaskaNOT PROPOSED1/15/2025No proposed legislation
ArizonaIN PROGRESS2/13/2025SB1025 'Arizona Strategic Bitcoin Reserve Act' would allow state treasurer and retirement systems to invest up to 10% in virtual currency
ArkansasNOT PROPOSED1/15/2025No proposed legislation
CaliforniaNOT PROPOSED1/19/2025Early discussions but no proposed legislation
ColoradoNOT PROPOSED1/15/2025No proposed legislation
ConnecticutNOT PROPOSED1/15/2025No proposed legislation
DelawareNOT PROPOSED1/15/2025No proposed legislation
FloridaPROPOSED2/7/2025SB550 introduced to authorize state Bitcoin investments, alongside pension fund initiative
GeorgiaPROPOSED2/13/2025SB 178 introduced to allow state treasurer to invest in Bitcoin
HawaiiNOT PROPOSED1/15/2025No proposed legislation
IdahoNOT PROPOSED6/18/2024Idaho 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.
IllinoisPROPOSED1/29/2025HB1844 Strategic Bitcoin Reserve Act introduced by Rep. John Cabello
IndianaNOT PROPOSED1/30/2025Multiple digital asset bills introduced: HB1322 for ETF investments and HB1156 for business regulation
IowaPROPOSED2/8/2025HF 246 introduced to allow investment of public funds in digital assets and precious metals
KansasPROPOSED1/16/2025Senate Bill 34 introduced to authorize KPERS board to invest in Bitcoin ETPs with specific requirements and limitations
KentuckyPROPOSED2/7/2025HB376 introduced to authorize state investment in digital assets and bullion
LouisianaNOT PROPOSED1/15/2025No proposed legislation
MaineNOT PROPOSED1/15/2025No proposed legislation
MarylandPROPOSED2/7/2025Strategic Bitcoin Reserve Act of Maryland (HB1389) introduced by Delegate Young
MassachusettsPROPOSED1/18/2025Two bills (HD.3762 and SD.2422) introduced to establish Strategic Bitcoin Reserve for Massachusetts.
MichiganPROPOSED2/13/2025HB 4087 introduced to establish Strategic Bitcoin Reserve
MinnesotaNOT PROPOSED1/15/2025No proposed legislation
MississippiNOT PROPOSED1/20/2025HB1590 'Blockchain Basics Act' introduced to protect digital asset rights, but no Bitcoin reserve proposal
MissouriPROPOSED1/30/2025SB614 introduced to allow State Treasurer to invest in qualifying digital assets including Bitcoin
MontanaREJECTED2/22/2025HB 429 failed to pass, which would have allowed state investment in precious metals and digital assets
NebraskaNOT PROPOSED1/15/2025No proposed legislation
NevadaNOT PROPOSED1/15/2025No proposed legislation
New HampshirePROPOSED1/12/2025Bill introduced to establish Strategic Bitcoin Reserve
New JerseyNOT PROPOSED1/30/2025A2249 introduced to regulate digital asset business activity, but no Bitcoin reserve proposal
New MexicoPROPOSED2/4/2025Strategic Bitcoin Reserve Act (SB275) introduced by Senator Anthony L. Thornton
New YorkNOT PROPOSED1/15/2025No proposed legislation
North CarolinaPROPOSED2/10/2025HB 92 introduced to establish framework for digital asset investments
North DakotaREJECTED2/4/2025HB1184 for digital asset investments failed in House vote
OhioPROPOSED2/7/2025Two Bitcoin Reserve bills introduced: SB57 (Ohio Bitcoin Reserve Act) and HB18 (Strategic Cryptocurrency Reserve Act)
OklahomaPROPOSED1/29/2025HB 1203 filed to establish Strategic Bitcoin Reserve Act
OregonNOT PROPOSED1/30/2025HB2071 introduced to protect digital asset rights, but no Bitcoin reserve proposal
PennsylvaniaREJECTED2/14/2025HB 2664 filed to establish Pennsylvania Strategic Bitcoin Reserve
Rhode IslandPROPOSED2/28/2025H6007 introduced to allow state investment in digital assets and precious metals
South CarolinaNOT PROPOSED1/15/2025No proposed legislation
South DakotaREJECTED2/24/2025HB1202 to permit state Bitcoin investment failed in House Commerce and Energy Committee
TennesseeNOT PROPOSED1/15/2025No proposed legislation
TexasPROPOSED1/16/2025Texas has proposed legislation to establish a state Strategic Bitcoin Reserve.
UtahIN PROGRESS2/6/2025House Bill 230 passes House vote 38-34, moves to Senate for consideration
VermontNOT PROPOSED1/15/2025No proposed legislation
VirginiaNOT PROPOSED1/15/2025No proposed legislation
WashingtonNOT PROPOSED1/15/2025No proposed legislation
West VirginiaPROPOSED2/14/2025SB 465 introduced to allow state investment in digital assets and precious metals
WisconsinNOT PROPOSED1/15/2025No proposed legislation
WyomingREJECTED2/13/2025House Bill 201 failed to pass, which would have authorized investment of state funds in Bitcoin