#Wyoming Proposes Bitcoin Reserve#

Wyoming is actively pushing to establish a strategic Bitcoin reserve, with State Representative Cynthia Lummis stating on social media that Wyoming has taken a bold first step. A legislative proposal put forward by Rep. Wasserburger would allow for permanent fund diversification into Bitcoin. Currently, eight states in the US have proposed bills to establish a strategic Bitcoin reserve, including Oklahoma, New Hampshire, Wyoming, Texas, Pennsylvania, Ohio, and North Dakota. Massachusetts, a deep blue state, stands out as the first to propose such a bill, highlighting its significance. This trend indicates that a growing number of US state governments are recognizing the value of Bitcoin and viewing it as a viable investment option for diversifying portfolios and generating new growth for state finances.