New legislative initiatives for the creation of Bitcoin reserves were proposed in New Mexico, Missouri, Kentucky, Iowa, and Florida.
Over the past week, multiple new state-level bills were introduced in the United States, aiming to establish Bitcoin reserves. According to Bitcoin Reserve Monitor, these proposals are now under consideration in 20 U.S. states.
Among the new initiatives are:
- The New Mexico Legislature referred a Bitcoin reserve bill to the Senate Tax, Business, and Transportation Committee (STBTC).
- The Missouri General Assembly is reviewing a bill concerning digital asset investments.
- The Kentucky State Investment Commission was presented with a proposal to authorize investments in select digital assets.
- The Iowa Legislature is set to discuss a proposal for diversifying financial reserves through digital assets.
- The Florida Legislature is examining a bill that would allow state funds to be allocated to Bitcoin.
Moreover, the North Dakota House of Representatives rejected a Bitcoin reserve bill during its second reading.
Bitcoin as a strategic investment is also being discussed at the federal level. In a recent CNBC interview, David Sacks, White House AI and Crypto Czar, referred to Bitcoin as a remarkable store of value and stated that a Bitcoin reserve is being considered as part of a sovereign wealth fund strategy.
However, experts believe that while the U.S. may eventually adopt Bitcoin as a strategic reserve asset, it’s unlikely to happen in 2025, as the country is currently focused on regulatory issues in the crypto sector. Max Krupyshev, CEO of CoinsPaid, shared this opinion in a statement to CP Media.
Beyond government adoption, the strategy of using Bitcoin as a reserve asset is also gaining traction in the corporate world, as well as among academic and research institutions.
