Several U.S. states, including Texas, Arkansas, and Florida, have passed laws allowing state government funds to hold Bitcoin as part of their treasury reserves. These measures aim to provide financial flexibility and hedge against inflation, with Texas being the first to allow state-chartered banks to custody digital assets. Proponents believe such policies can attract cryptocurrency businesses and promote local economic development, while critics warn of volatility risks. This trend reflects an increasing interest among states in Bitcoin as a reserve asset, despite uncertainty around federal regulation.