Physical version of Bitcoin (BTC) and Wyoming State Flag.

Key Takeaways:

Wyoming’s Bold Proposal: Wyoming introduces legislation to create a Strategic Bitcoin Reserve, allowing up to 3% of specific state funds to be invested in Bitcoin.
Leading Innovation: Spearheaded by Senator Cynthia Lummis and Representative Jacob Wasserburger, the bill aligns with Wyoming’s efforts to lead in blockchain and cryptocurrency adoption.
Growing Trend: Wyoming joins a list of states like Texas and Ohio exploring Bitcoin reserve initiatives, emphasizing the growing interest in state-level cryptocurrency strategies.

Wyoming has introduced a bill to establish a Strategic Bitcoin Reserve, highlighting its push to lead in cryptocurrency adoption.

The proposed legislation, titled “State Funds-Investment in Bitcoin,” would allow up to 3% of state funds from the general fund, the Permanent Wyoming Mineral Trust Fund, and the Permanent Land Fund to be invested in Bitcoin.

JUST IN: Wyoming Representative Jacob Wasserburger introduces legislation for a Strategic #Bitcoin Reserve 🇺🇸 pic.twitter.com/JHMG6iCFS9
— Bitcoin Magazine (@BitcoinMagazine) January 17, 2025

If passed, the state treasurer could manage these investments without being required to sell Bitcoin holdings even if their value exceeds the 3% allocation cap.

The initiative, led by Wyoming Senator Cynthia Lummis and Representative Jacob Wasserburger, emphasizes a forward-thinking approach to financial innovation.

Senator Lummis, a staunch Bitcoin advocate who has introduced similar federal legislation, praised Wasserburger’s efforts.

She sees this as a significant step for Wyoming to solidify its position as a blockchain leader.

This proposal aligns with broader national trends, as several other states, including Pennsylvania, Texas, and Ohio, are considering similar measures.

Wyoming’s move underscores its commitment to adopting blockchain technologies and maintaining its reputation as a pro-crypto state.

The bill reflects growing interest among U.S. states in integrating Bitcoin into their financial strategies, showcasing its rising acceptance in mainstream governance.