Key Takeaways:
- Alabama and Minnesota lawmakers have introduced bills to allow state investment in Bitcoin, following a broader national trend.
- Minnesota’s bill includes tax exemptions on crypto gains, Bitcoin payment options for state fees, and crypto retirement investments.
- 26 U.S. states have proposed Bitcoin reserve legislation; Arizona is currently leading, while others like Pennsylvania and Montana have faced setbacks.
Lawmakers in Alabama and Minnesota are advancing legislation to allow state investments in Bitcoin, reflecting a broader national trend.
In Minnesota, Representative Bernie Perryman introduced the Minnesota Bitcoin Act (HF 2946) on April 1, following a similar bill from Senator Jeremy Miller.
🚨JUST IN: MINNESOTA AND ALABAMA LAWMAKERS PROPOSE BILLS TO LET STATES INVEST IN BITCOIN $BTC
— BSCN (@BSCNews) April 3, 2025
The proposed legislation would allow the state’s investment board to hold Bitcoin and other cryptocurrencies, exempt crypto gains from state taxes, accept Bitcoin for state fees, and allow crypto investments in employee retirement plans.
In Alabama, Senator Will Barfoot introduced Senate Bill 283, with a companion bill in the House led by Representative Mike Shaw and a bipartisan group.
ALABAMA Update:
— Bitcoin Laws (@Bitcoin_Laws) April 2, 2025
A *second* Bitcoin Reserve bill was introduced today in the AL Senate: SB 283.
It is a companion bill to House Bill 482.
Meaning: the two identical bills have been introduced concurrently to expedite the legislative process. https://t.co/Kz75iFob9K pic.twitter.com/0MDthX6hVY
While these bills do not explicitly mention Bitcoin, they propose allowing investments in digital assets with a minimum market cap of $750 billion—a threshold currently met only by Bitcoin.
This dual-bill strategy is commonly used to speed up legislative approval.
Nationwide, 26 states have introduced similar Bitcoin reserve bills. Arizona is farthest along, while states like Pennsylvania had early momentum but saw efforts falter.
In contrast, efforts in Montana, North Dakota, South Dakota, and Wyoming have stalled, often due to political divisions.
The trend reflects growing state-level interest in integrating Bitcoin into public finance, despite regional and political challenges.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
His articles offer a deep dive into the latest trends, projects, and technological advancements shaping the future of digital finance.
Check Efe out on:
