Wyoming and Massachusetts have just joined the growing list of states in the United States considering establishing $BTC , marking a new advance in the movement to accumulate digital assets at the state level.

Wyoming: Conservative draft focused on Bitcoin

In Wyoming, a group of 5 Republican legislators proposed a bill allowing the state treasurer to invest public funds in Bitcoin, but not allowing investment in any other types of digital assets.

  • Investment cap: Only a maximum of 3% of public funds can be used to purchase Bitcoin.

  • Asset restriction: Not expanding to other digital assets, including stablecoins or tokens with a market capitalization greater than 500 billion USD.

This is different from states like Pennsylvania and Oklahoma, which allow investment of up to 10% of public funds into Bitcoin and other digital assets.

Massachusetts: Proposed a more flexible strategic reserve

In #Massachusetts , Republican Senator Peter Durant proposed a bill to establish a strategic Bitcoin reserve fund, allowing:

  • A maximum of 10% of the state's reserve funds can be invested in Bitcoin or other digital assets.

  • A more flexible approach compared to Wyoming, with expectations to enhance the state's financial capabilities in the future.

The movement is spreading across the United States

Currently, nearly 1/5 of the states in the United States are seriously considering public investment in Bitcoin and other cryptocurrencies.

  • All of these proposals were made after Donald Trump was re-elected president in November.

  • Trump, who was once a critic of Bitcoin, unexpectedly changed his stance by calling on the federal government to establish a Bitcoin reserve at a cryptocurrency conference in July.

Coinbase supports the idea of a national Bitcoin reserve

On January 19, Coinbase CEO Brian Armstrong publicly supported the establishment of a strategic Bitcoin reserve for the United States for the first time, emphasizing Bitcoin's important role in the digital economy.

"The next arms race will be in the digital economy, not in outer space. Bitcoin could become a global economic platform similar to gold, while also having strategic implications for national security," Armstrong wrote.

Risk Warning

While the prospects for accumulation #bitcoin at the state or national level are promising, investing in cryptocurrency always comes with high risks due to strong volatility and uncertainty regarding legal regulations. Investors and organizations need to thoroughly evaluate before participating.

📌 Follow the latest developments on this movement to seize opportunities from the changing financial strategies of states in the United States. #anhbacong