Several states in the United States have proposed bills to establish Bitcoin reserves, which is favorable but not very significant.
California is amending Bill No. 1052 (AB-1052) to regulate cryptocurrency, referred to as the "Bitcoin Rights" bill.
Texas is drafting a Bitcoin reserve bill, which, if passed, would be a groundbreaking law. Kentucky, Pennsylvania, and Ohio are also looking to invest in Bitcoin. These laws demonstrate that an increasing number of states view Bitcoin as a key asset.
As recently as February, Florida, Utah, Ohio, Missouri, and Kentucky introduced legislation either to create Bitcoin reserves or to allocate state funds to crypto-related investment tools.
