๐จ๐๐๐๐ง๐ญ๐ฎ๐๐ค๐ฒ ๐๐ง๐ญ๐ซ๐จ๐๐ฎ๐๐๐ฌ ๐๐ข๐ญ๐๐จ๐ข๐ง ๐๐๐ฌ๐๐ซ๐ฏ๐ ๐๐ข๐ฅ๐ฅ, ๐๐จ๐ข๐ง๐ข๐ง๐ ๐๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐ญ๐๐ญ๐-๐๐๐ฏ๐๐ฅ ๐๐ซ๐๐ง๐๐ฅ๐จ
Kentucky has become the 16th U.S. state to propose legislation allowing the allocation of state funds into Bitcoin. The newly introduced bill would permit up to 10% of state reserves to be invested in digital assets with a market capitalization exceeding $750 billion. While the bill does not explicitly limit investments to Bitcoin, the leading cryptocurrency remains the only asset currently meeting this criterion.
This move aligns with a broader trend, as Missouri and Iowa also unveiled similar proposals last Thursday. Meanwhile, Utah is at the forefront of this legislative push, with its Bitcoin reserve bill (HB230) successfully passing the House and advancing to the Senate. This milestone makes Utahโs proposal the first such bill to clear a chamber vote. Despite growing momentum, no state has officially enacted a strategic Bitcoin reserve (SBR) law yet. Previous attempts in North Dakota and Wyoming were unsuccessfulโND HB1184 did not pass a House vote, and WY HB201 failed to progress beyond committee discussions.
On a national scale, the likelihood of a federal Bitcoin reserve bill being introduced in 2025 has decreased, with prediction markets such as Polymarket estimating the chances at just 45%. Nonetheless, with multiple states actively pursuing legislation to integrate Bitcoin into their financial strategies, the movement toward digital asset adoption continues to gain traction across the United States.
