According to the latest information, multiple states in the United States are pushing legislation to establish Bitcoin reserves. As of now, five states have proposed related bills, namely:
1. Texas: In December 2024, Texas State Representative Giovanni Capriglione introduced a bill proposing to establish a strategic Bitcoin reserve by accepting Bitcoin as a form of tax, fees, and donations, and holding these Bitcoins for at least 5 years.
2. Pennsylvania: In November 2024, the Pennsylvania House of Representatives introduced a bill calling for the establishment of a strategic Bitcoin reserve, allowing the state treasurer to use up to 10% of the state general fund, emergency fund, and state investment fund to purchase Bitcoin.
3. Ohio: In December 2024, Ohio State Representative Derek Merrin introduced a bill proposing the establishment of a Bitcoin fund within the state treasury and granting the state treasurer discretion to purchase Bitcoin.
4. New Hampshire: In January 2025, New Hampshire State Representative Keith Ammon introduced a bill proposing to establish a strategic reserve allowing the state treasury to invest in precious metals and digital assets, including Bitcoin.
5. North Dakota: In January 2025, North Dakota legislators proposed a resolution aimed at investing part of the state funds in digital assets and precious metals to diversify the state's investment assets and mitigate the impact of inflation on finances.
Additionally, according to Dennis Porter, CEO of Satoshi Action Fund, as many as 10 states are currently discussing similar legislation.
