New initiatives: US states are considering creating Bitcoin reserves

Mike Smith Feb 7

A number of American states are simultaneously introducing bills aimed at integrating Bitcoin into government investment strategies. New Mexico has proposed investing 5% of the state fund in the first cryptocurrency, while Missouri, Kentucky, and Iowa are considering similar initiatives.

In New Mexico, bill SB 275, initiated by Senator Ant Thornton, proposes to diversify the state's assets beyond traditional financial instruments. Control over digital assets is planned to be transferred to an investment director who will act under the supervision of the local Investment Council. The legislator hopes that the adoption of this act will attract crypto companies to the state and become an incentive for economic growth. The document also includes provisions on transparency and educational programs for citizens.

In parallel, Missouri is considering bill HB 1217, developed by representative Ben Keathley. It provides for the creation of a strategic bitcoin reserve, which will be managed by the state treasury. The fund is planned to be replenished through voluntary donations, and government agencies may be allowed to accept cryptocurrency as payment for taxes and fees. The document may come into force on August 28, 2025, but its final approval depends on further discussions.

In Kentucky, it has been proposed to invest up to 10% of state assets in cryptocurrency. Similar developments are underway in Iowa, aimed at forming reserves secured by digital assets. According to analysts, similar initiatives are being discussed in 22 US states. For example, in Utah, a bill on a strategic bitcoin reserve has already been approved by the House of Representatives and is awaiting consideration in the Senate.

Changes have also been outlined at the federal level: the possibility of creating a national bitcoin reserve is being considered. David Sachs, who heads the cryptocurrency sector, confirmed that this issue is included in the agenda of the future sovereign wealth fund, but the implementation dates have not yet been set. At the same time, the government is focused on developing a regulatory framework for stablecoins that could help strengthen the US dollar's position in the international financial system.