#Multi-state Legislation Supports Bitcoin Reserves#

Currently, several states in the United States are pushing for legislation that would allow state governments to include Bitcoin in their strategic reserves. Among them, Wyoming has taken the first step, with State Representative Jacob Wasserburger proposing legislation that would allow the state's permanent fund to invest a portion of its assets in Bitcoin. The legislation has received the support of Senator Cynthia Lummis, who stated that Wyoming's initiative will position the state at the forefront of financial innovation. Beyond Wyoming, Massachusetts has also introduced a bill to establish a strategic Bitcoin reserve, becoming the first deep blue state to propose such legislation. Currently, eight states in the U.S. have introduced bills related to "strategic Bitcoin reserves," which vary in their content and implementation but all indicate a growing interest in digital assets across the country. Some states allow investment in digital assets, while others allow the use of state funds to purchase Bitcoin, but limit the investment ratio. Although the ultimate fate of these bills remains unclear, they reflect the growing interest of U.S. states in digital assets and their exploration of alternatives to the traditional financial system.