In March 2025, US states such as Kentucky, North Carolina and Arizona introduced large bitcoin and crypto accounts to increase reserves and support mining. This marks a rapid movement towards the integration of cryptocurrencies into government financial systems. Legislators across the country are actively adopting bills aimed at developing mining, creating bitcoin reserves, and investing in digital assets. Now cryptocurrency is considered not only as a speculative asset, but also as a strategic financial instrument.
Kentucky: Digital Asset Law and Mining Support
On March 24, 2025, the governor of Kentucky signed the "Blockchain Digital Assets Act" (HB701), which gives residents the right to own their own bitcoins and provides significant tax benefits to mining companies. The state Senate passed this law unanimously (37:0). Kentucky already holds a key position in the crypto industry due to its access to cheap energy: it accounts for 11% of the bitcoin hashrate in the United States.
North Carolina: Investing in Digital assets
North Carolina lawmakers have drafted three bills allowing public funds to be invested in digital assets. H506 and S709 allow for investments of up to 5% of public funds, while H92 increases this share to 10%. These steps are aimed at protecting government reserves from inflation and creating additional value through crypto investments.
Arizona: Building a digital reserve
Bills SB1373 and SB1025 have been approved in Arizona. The first one allows the state treasurer to use the confiscated assets to form a digital reserve. The second bill allows investing up to 10% of the state's treasury and pension funds in bitcoins. If the federal government creates a bitcoin reserve fund, Arizona will be able to store its assets there.
Oklahoma and Other States: Scaling the Crypto Initiative
Oklahoma has also joined the process: Bill HB1203 allows the state to invest in bitcoins, stablecoins, and top digital assets with a capitalization of more than $500 billion. Overall, more than 20 states are considering similar initiatives, and 23 states have already officially implemented bitcoin backup programs.
According to estimates by VanEck's head of digital research, Matthew Siegel, these initiatives could lead to the purchase of up to $23 billion worth of bitcoins (approximately 247,000 BTC). In the future, this volume may grow significantly due to pension funds and other government investments.
Support from the Federal Government
An additional impetus to these initiatives was given by the Trump administration, which approved the creation of the Federal Strategic Bitcoin Reserve on March 7, 2025. This allowed the states to develop a coherent strategy for integrating cryptocurrencies into public finances.
Thus, the United States is confidently moving towards a cryptocurrency future. What other financial reforms, in your opinion, could contribute to the development of the digital economy?
