Bitcoin America? These states are considering BTC reserves.

Donald Trump and his political allies. Plugging plans to store bitcoins At the national level in the United States Treasury.

And now, with property prices repeatedly soaring to new highs since Election Day, some US states are following suit.

So far, three states are proposing to establish strategic Bitcoin reserves, and digital asset advocates are calling on other local governments to do the same.

Here's which governments are planning to fill their coffers with the world's oldest and most valuable digital currency.

Texas

Texas lawmakers will soon weigh in on whether or not to establish a systematic Bitcoin reserve.

Texas State Representative Giovanni Capriglione introduced the proposed bill in December Lone Star State to Create Bitcoin Reserve.

The bill would require Texas to hold bitcoins for at least five years. The cryptocurrency must be kept in cold storage — that is, on a device not connected to the Internet — and the assets cannot be used to make transactions outside of Texas.

“Strategic Bitcoin reserves are consistent with Texas' commitment to foster innovation in digital assets and provide Texans with improved financial security,” the bill says.

Finally, the proposal would allow Texans to donate to the state's Bitcoin fund.

Pennsylvania

The Pennsylvania House of Representatives passed legislation in November calling for the establishment of a strategic bitcoin reserve.

With the Bitcoin bill, Pennsylvania's treasurer can buy “up to 10%” of Bitcoin from the state's general fund, rainy day fund and state investment fund.

Tapping 10% of the state's general fund would allow Pennsylvania's treasury to buy nearly $1 billion worth of bitcoin.

“Bitcoin's Appreciation in Years Could Help Pennsylvania Keep Up with Inflation and Economic Change,” State Legislators Say he said. In a legal note published on November 12.

Ohio

Ohio State Representative Derek Merrin introduced the bill on December 17 Establishing a strategic Bitcoin reserve in the Buckeye State.

Ohio's Bitcoin Reserve Act requires the creation of a Bitcoin fund in the state treasury. It also gives discretionary authority to the Ohio State Treasurer to purchase the property.

“Ohio must embrace technology and protect tax dollars from erosion,” Marin he said. Tuesday in the Ex Post.

Although some details of how the reserve would work are unclear, the bill is expected to serve as a framework for Ohio lawmakers in 2025.

Edited by Andrew Hayward.