These U.S. States Have Passed Bitcoin Reserve Laws
2025-07-21 05:29:35
Main Idea
Several U.S. states have passed or considered legislation regarding Bitcoin reserves, with varying degrees of success and opposition.
Key Points
1. New Hampshire became the first U.S. state to adopt a Bitcoin reserve law (HB 302) in early May 2025.
2. Arizona passed HB 2749, updating unclaimed property laws to include Bitcoin, but Governor Katie Hobbs vetoed two related bills (SB 1025 and HB 2324) that sought further expansion.
3. Texas established the Texas Strategic Bitcoin Reserve through Senate Bill 21 and House Bill 4488, limiting eligible digital assets to those with a market cap of at least $500 billion over 24 months.
4. Montana's House Bill 429, which proposed allocating state funds to Bitcoin, was deferred indefinitely by the House Commerce and Energy Committee.
5. Utah passed a broader blockchain-related bill in March 2025, but it did not specifically address Bitcoin reserves.
Description
New Hampshire, Arizona, and Texas have all pushed to enable their treasuries to hold Bitcoin. Others are trying and failing.
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