As Random companies Bitcoin and Donald Trump welcome the creation of the National Cryptocurrency Stockpile. US state legislatures are competing to implement their own Bitcoin Reserve Act.
According to the Bitcoin Reserve Monitor, the law has been approved in three states, rejected in five, and remains under consideration at 17.
Those still pending laws include Alabama, Florida, Georgia, Idaho, Illinois, Kansas, Kentucky, Maine, Maryland, Michigan, Missouri, New Mexico, North Carolina, Ohio, Oklahoma, Rhode Island and West Virginia.
Accurately composition “Bitcoin reserve” varies by state. Some measures aim to actively purchase Bitcoin in open markets, while others focus on allowing the retention of seized digital assets through enforcement actions or forfeitures.
Many of the proposals theoretically allow for the retention of other cryptography. In reality, strict market capitalization thresholds mean that Bitcoin is usually the only digital asset that is eligible.
New Hampshire
New Hampshire has officially become the first state in the United States Recruit With the passage of the Bitcoin Reservation Act HB 302 in early May, the law signed by Gov. Kelly Ayott allows the state to allocate up to 5% of its public funds to precious metals and digital assets.
However, digital assets must meet the strict requirements for an average market capitalization of at least $500 billion over the past year. This leaves Bitcoin still as the only viable option.
The move, along with the bill, sparked considerable political debate. Scraping A house with a margin of just 13 votes. Still, Ayotte declared it a victory for state innovation and financial visionary.
“New Hampshire is once again the first in the country!” she wrote to X after signing the bill.
Under the law, New Hampshire can hold these reserves directly through secure management solutions, qualified custodians, or through regulated investment instruments.
Arizona
Arizona’s attempts to accept Bitcoin reserves are marked by legislative forward and backward and repeated pushbacks.
May 2025, Arizona I passed Rather than being liquidated as required, HB 2749 updated the state’s unclaimed property laws to allow crypto assets to be retained in their original form.
This opened up a pathway for the state to maintain custody of Bitcoin seized or forfeitured, effectively creating a reserve form through enforcement action.
However, efforts to expand this face a major hurdle. Two more bills, SB 1025 and HB 2324, were both rejected by Gov. Katy Hobbs.
SB 1025 would have allowed the state’s financial surgeons and retirement system to allocate 10% of the state’s funds to digital assets. rejection In May.
“The Arizonan Retirement Fund is not the place where the state attempts to invest in untested investments like cryptocurrencies,” Hobbs said in a letter regarding her decision.
The second bill, HB 2324, aimed to create “Bitcoin and digital asset reserves,” managed by state accounts and funded through crypto seized in criminal investigations.
Hobbs rejected the bill. Discussion “We will prevent local law enforcement from working with the state on the confiscation of digital assets by removing assets seized from local jurisdictions.”
Texas
Texas is perhaps the most active adopter of the Bitcoin Reserve Act.
Governor Greg Abbott in June 2025 signature Senate Bill 21 and House Bill 4488 become law and establish a Texas Strategic Bitcoin Reserve with strong legal protections that ensure preparations are not easily dismantled by future Congress.
Texas law allows Bitcoin and potentially other digital assets to enter the reserve through purchases, forks, airdrops, or donations.
However, only digital assets with a market capitalization of at least $500 billion over 24 months are eligible, effectively limiting the reserve to Bitcoin only.
State that rejected Bitcoin reserves
Some states tried to follow similar initiatives, but ultimately fell short due to political resistance and financial concerns.
In Montana, lawmakers have considered House Bill 429. This allowed the state to allocate up to $50 million to combinations of code, ridiculous metals and precious metals.
The bill was unable to gain sufficient support in the House of Representatives; I was killed He took part in previous failed efforts in North Dakota, Pennsylvania and Wyoming before reaching the full vote.
South Dakota also saw its efforts faded. The proposal from state representative Logan Manhart would have allowed up to 10% of the state’s funds to be allocated to Bitcoin investments. However, the House Commerce Committee voted to postpone the bill indefinitely and effectively kill it.
In Utah, the broader blockchain-related bills were Pass In March, however, lawmakers stripped the provisions that would have approved the Bitcoin Reserve.
Lawmakers from these states cited concerns over questions about Bitcoin’s infamous price fluctuations, potential legal liability, and the long-term viability of crypto as a protected area asset.
