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More states consider Bitcoin 💰
New Hampshire and North Dakota join the list of states weighing their own Bitcoin strategic reserves amid growing momentum around a federal stash.
Andrew Hayward
January 11, 2025
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📝 What you need to know
President-elect Donald Trump will take office this month following a number of campaign trail promises towards crypto, including the prospect of launching a strategic Bitcoin national reserve—but it’s not just the federal government that could get into hoarding the leading cryptocurrency.
Multiple states are now considering legislation to launch their own Bitcoin reserves, and two more joined the fray on Friday. New Hampshire will weigh a proposed bill that allows the state Treasury to hold crypto—and while the legislation doesn’t mention Bitcoin by name, it’s the only asset that meets its high market cap requirements.
Legislators in North Dakota, meanwhile, introduced a resolution on Friday that serves as a precursor to an official bill introduction regarding a potential state crypto reserve. Lawmakers are set to debate the proposal next week, ahead of a proper bill that would be expected to name potential eligible assets and associated requirements.
“The state that is last to build Bitcoin reserves will lose,” New Hampshire Rep. Keith Ammon told Decrypt on Friday. “It’s urgent that states act sooner than later, and that takes some education on the part of state officials.”
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