#Wyoming Allows Funds to Invest in Bitcoin#

Wyoming has become the first U.S. state to allow its permanent fund to invest in Bitcoin. State Senator Cynthia Lummis said that the state has passed legislation allowing its permanent fund to diversify into Bitcoin. The bill allows the use of state funds to buy Bitcoin, but limits it to 3% of the fund's total. Currently, seven U.S. states have introduced bills related to "strategic Bitcoin reserves," with varying content and implementation methods. Oklahoma and New Hampshire allow investments in digital assets (essentially covering only Bitcoin) exceeding $500 billion in asset value. Texas has two proposals, one allowing 1% of the state budget surplus to be invested in Bitcoin and the other only allowing Bitcoin donations. Pennsylvania and Ohio have also proposed allowing state funds to directly invest in Bitcoin, but the specific terms are limited. In addition, North Dakota has only passed a resolution supporting digital asset investment, but has not yet formed a formal bill. Massachusetts has also proposed a bill to establish a Bitcoin strategic reserve, which is being pushed by Senator Peter Durant. The introduction of these bills suggests that U.S. states are showing growing interest in Bitcoin, and more states may join the ranks of investing in Bitcoin in the future.