Tracking the Progress of Bitcoin Reserve Bills in US States

Recently, several U.S. states have successively introduced bills related to Bitcoin strategic reserves. These bills aim to allow state governments to include Bitcoin in their investment portfolios to diversify risk and explore new ways of storing value. Here is the current progress of the bills in various states:

States That Have Passed Legislation

1. Texas

   • Passed SB 2334 in May 2023
   • Allow state governments to invest in Bitcoin and other digital assets

2. Wyoming

   • Passed HB 212 in April 2023
   • Authorizing state financial officers to invest in Bitcoin and other digital assets

States Under Consideration

1. New Hampshire

   • The HB 628 bill has been submitted
   • Proposal to allow state treasury departments to purchase and hold Bitcoin

2. Louisiana

   • The HB 724 bill is under discussion.
   • Aims to allow state governments to invest in Bitcoin

3. Missouri

   • The HB 1204 bill has been introduced.
   • Proposal to include Bitcoin in the state portfolio

4. South Carolina

   • The H 3525 bill is under review.
   • The plan allows state treasury departments to purchase, hold, and sell Bitcoin.

5. Arizona

   • The SB 1127 bill has been submitted
   • Propose to allow state agencies to accept Bitcoin as a form of payment

These legislative measures reflect the growing attention of various states in the U.S. towards Bitcoin and digital assets. As more states join this trend, the status of Bitcoin as a store of value and investment tool may further increase. However, the final passage and implementation of these bills still face numerous challenges, including issues related to regulation, security, and market volatility.

We will continue to monitor the progress of these bills and provide timely updates on relevant information. The specific implementation details and timelines may vary from state to state, and investors and policymakers should pay close attention to subsequent developments.