Fifteen U.S. states, including Massachusetts, are reportedly working on legislation to establish Bitcoin reserves as interest in crypto rises with the imminent inauguration of pro-Bitcoin President Donald Trump.
State Senator Peter Durant introduced a bill to create a Bitcoin treasury in Massachusetts, marking it as the eighth state to propose such legislation. The move reflects growing state-level Bitcoin adoption, with Sen. Durant encouraging lawmakers nationwide to back Strategic Bitcoin Reserve (SBR) initiatives.
Active States: Wyoming, Oklahoma, New Hampshire, Ohio, Pennsylvania, and Texas have formally introduced SBR bills. Texas Leadership: With at least 27 Bitcoin mining operations, Texas is at the forefront of the movement and boasts one of the largest state economies in the U.S., making it a strategic player in Bitcoin adoption. While states race to pass SBR laws, discussions at the federal level are also gaining momentum.
Senator Cynthia Lummis has proposed regulatory changes to allow the U.S. Treasury to hold Bitcoin as a national reserve asset.
Executive Action: Industry leaders are lobbying President-elect Trump to issue an executive order prioritizing Bitcoin. White House crypto czar David Sacks is expected to play a pivotal role in advancing pro-Bitcoin policies.
The push for Bitcoin reserves highlights the shifting landscape of U.S. crypto policy as states and federal advocates aim to position Bitcoin as a key strategic asset under Trump’s administration.
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