#USBitcoinReserves : At least **16 states** are actively considering legislation to allocate public funds to Bitcoin or crypto ETFs, with **Michigan** and **Wisconsin** already investing portions of state retirement portfolios in crypto ETFs . States like **Texas**, **Florida**, and **Ohio** are drafting bills to establish strategic Bitcoin reserves, with proposals ranging from accepting BTC for taxes to allocating up to 10% of state treasuries to Bitcoin .

- **Motivations**: States cite goals like **diversification**, hedging against inflation, and embracing technological innovation. Texas Governor Mark Eldridge framed Bitcoin as a tool for "resilience and growth" .

- **Criticism**: Critics warn of risks to public employees’ retirement funds, calling it a "gamble" given Bitcoin’s volatility .