Wyoming Moves Forward on Bitcoin Strategic Reserve Proposal

• Bitcoin Strategic Reserve cements Wyoming’s pioneering spirit
• Proposal aligns crypto with state financial diversification
• Initiative reinforces national momentum towards Bitcoin adoption

Wyoming has introduced a bill called the “State Funds-Investment in Bitcoin Act” (HB0201), authored by Representative Jacob Wasserburger. The proposal would allocate part of the state’s permanent funds to the acquisition of Bitcoin, consolidating a Bitcoin Strategic Reserve that strengthens local financial autonomy.

At the time of publication, the price of Bitcoin was quoted at US$104.986, up 5.6% in the last 24 hours.

The bill seeks to maintain Wyoming’s leading position in the cryptocurrency sector by leveraging existing laws targeting digital assets. In doing so, the state expands its regulatory initiatives, building on the legacy of other legislation passed since 2018, including the Special Purpose Depository Institution (SPDI) structure, which has enabled the advancement of crypto services in the state.

Wyoming took its first bold step toward a strategic bitcoin reserve! Thank you Rep. Wasserburger for introducing legislation to allow permanent funds to diversify into Bitcoin. This forward-thinking approach will benefit our state as we lead the nation in financial innovation!

—Senator Cynthia Lummis (@SenLummis) January 17, 2025

The new law also aims to align the region with national efforts that envisage the creation of a strategic reserve at the federal level. Several politicians, including a senator known for being a strong supporter of Bitcoin, believe that 2025 will be a milestone in the wider acceptance of these assets. At the federal level, there is an expectation of cooperation with the elected government, which has indicated plans to appoint a person responsible for artificial intelligence and cryptocurrency policies, fostering a more favorable environment for the expansion of the sector.

Meanwhile, other states, such as Ohio, Pennsylvania, Oklahoma and California, are studying similar laws to allocate part of their funds in Bitcoin. In Texas, there are already proposals to direct donations and allow payments in crypto, while Wyoming wants to strengthen the leadership role it has achieved so far.

The planned national reserve involves a significant accumulation of Bitcoin over five years, funded from assets already held by the Federal Reserve, without generating new debt. The idea is that, in the long term, this reserve will serve as a buffer against economic challenges and consolidate the country's position on the global stage.

The Wyoming bill demonstrates that the state sees Bitcoin not only as a diversification tool, but also as a strategic factor to boost competitiveness and innovation. The expectation is that, if approved, the plan will encourage similar policies across the nation, contributing to the evolution of the cryptocurrency ecosystem.