As of March 2, 2025, based on existing information, several states in the United States have proposed Bitcoin reserve-related initiatives, but the specific number and progress vary due to different data sources. Based on the latest information from the web and platform X, approximately 20 to 32 states are reported to be promoting or have proposed Bitcoin reserve-related legislation. The following is a list compiled based on existing data, listing the proposal progress of some states. Due to the information not being comprehensive and subject to updates at any time, this table is for reference only and does not guarantee coverage of all states.
Progress table for Bitcoin reserve proposals in US states
State Name
Proposal Progress
Remarks
Texas
Bill proposed, not yet passed
Proposed on January 2025 (Texas Strategic Bitcoin Reserve Bill) (Senate Bill 778), it has not yet become law.
Utah
Passed the House, entering Senate review
One of the states with the fastest progress, the bill has passed the House of Representatives and is awaiting Senate review.
Ohio
Passed committee review
Bill passed the state committee and is moving forward in the legislative process.
Kentucky
Bill proposed, listed as the 16th proposed state
Proposed on February 7, 2025, still in the early stage.
North Carolina
Bill proposed
Strategic Bitcoin Reserve Bill proposed on February 11, 2025, specific progress unclear.
Montana
Proposal was rejected
Rejected by representatives due to Bitcoin volatility and financial risks.
South Dakota
Proposal was rejected
Like Montana, it was not passed due to risk considerations.
Other States
Proposal stage or under review
Approximately 20-32 states mentioned (as indicated in the X post), but the specific list and progress data are incomplete.
Summary and Explanation
Quantity: According to different sources, the number of proposed states fluctuates between 20 and 32. For example, the X post mentions that 24 or 32 states are promoting, but does not provide a complete list; online data indicates that about 20 states have clear legislative dynamics.
Progress Differences:
Rejected: As in Montana and South Dakota, due to concerns about Bitcoin price volatility, the proposals were not passed.
Early stage: Most states are still in the proposal or preliminary review stage.
Rapid progress: Utah and Ohio show significant progress, having passed the House or committee.
Data limitation: Due to a lack of unified official statistics and frequent updates on each state's legislative progress, it is currently impossible to provide precise progress for all states. It is recommended to follow official news or reports from cryptocurrency-related organizations (such as VanEck) for updates.