#SouthDakota is preparing to debate a bill to include Bitcoin in the state’s financial reserve, a move that reflects the state's official recognition of cryptocurrency. This is also part of a growing trend in the U.S., as many states are proposing similar policies.

South Dakota Pioneers in Holding Bitcoin

Logan Manhart, a South Dakota state representative, stated on X on Tuesday:

"I am proud to propose a bill in the South Dakota House to create a strategic Bitcoin reserve fund. Now is a rare opportunity for the government to take proactive action."

There is currently no official information on the timeline for submitting to the state House, but this bill marks an important step in legalizing Bitcoin as a reserve asset.

Bitcoin Wave Spreads in the U.S.

South Dakota is not the only state with this plan. At least 12 other states are also pursuing or have proposed similar legislation, including Texas, Florida, Pennsylvania, #ohio , Arizona, and many other states.

  • Pennsylvania is the pioneer with a proposal from November 2024.

  • Florida, Texas, Ohio will follow in December 2024.

  • At the beginning of 2025, North Dakota, New Hampshire, Oklahoma, Massachusetts, Wyoming, and Utah will also join.

  • Arizona goes further by passing the initial step of the bill, allowing up to 10% of public funds to be invested in $BTC if the law is passed.

Impact from Trump's Supportive Cryptocurrency Policy

This move aligns with President Donald Trump's crypto-friendly policy. Earlier, during the November 2024 campaign, $TRUMP committed to establishing a national Bitcoin reserve, making the U.S. a global crypto hub.

Last week, he signed the first executive order on cryptocurrency, establishing the Presidential Working Group on Digital Asset Markets, responsible for assessing the feasibility of a national Bitcoin reserve.

David Sacks, White House advisor on Crypto & AI, confirmed:

"We will evaluate this idea. There is no official decision yet, but this is something that needs to be studied."

Not Just the U.S., Other Countries Are Also Responding

This trend is not limited to the U.S. Brazil, Japan, Poland, and #nga are also considering establishing a Bitcoin reserve fund, highlighting Bitcoin's increasingly important role in the global financial system.

With strong backing from the Trump administration, the crypto community expects that many states in the U.S. – and even other countries – will continue to pursue this model in the near future. 🚀 #anhbacong