Wyoming Proposes Bill for Strategic Bitcoin Reserve Ahead of Trump Inauguration

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Wyoming Capitol building with Bitcoin symbol overlay, representing the state’s push for a Strategic Bitcoin Reserve
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Wyoming Proposes Strategic Bitcoin Reserve Bill

Wyoming has proposed a bill creating a Strategic Bitcoin Reserve, as a way to lead other U.S. states considering the adoption of Bitcoin. The news came just days before the presidential inauguration of Donald Trump on January 20 and has been viewed by many as quite a bold financial innovation initiative.

Details of the Proposed Bill

If signed into law, the bill entitled “State Funds-investment in Bitcoin” would grant the state treasurer permission to invest some of the state funds in Bitcoin. The general fund, permanent Wyoming mineral trust fund, and permanent land fund would be able to invest up to 3% of their total assets into Bitcoin through each.

However, the bill is flexible when market fortunes begin to start shifting. It allows for investment above 3% without an obligation on the treasurer to dispose of some of its assets if market movements throw Bitcoin above that cap. Such a move brings innovation and risk together.

Lummis Champions Bitcoin Advocacy

The bill’s creation at the state level was praised by big supporter of Bitcoin, Senator Cynthia Lummis. Senator Lummis introduced the sister bill in the U.S. Senate, a similar version to this, back in July of 2024. She expressed it as “forward thinking,” and even called it “an asset to Wyoming’s financial health in years to come”.

“This legislation positions Wyoming as a leader in financial innovation,” Lummis said. “It reflects our commitment to leveraging cutting-edge solutions to diversify and strengthen our economy.”

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Increased U.S. Bitcoin Adoption

Wyoming is the latest in a spate of states, including Texas, Ohio, Pennsylvania, and Oklahoma, to advance bills creating Bitcoin reserves. It contributes to a nation-wide trend of paying attention to Bitcoin as a viable asset for the diversification of state-level fiscals.

Federal Context and Future Implications

The announcement was made amidst highly debated discussions at the federal level with regard to Bitcoin policy. On January 15, she attacked how the U.S. government managed forfeited Bitcoin assets after they sold 69,370 Bitcoin from the Silk Road case seizure. She called such sales politically driven and demanded more transparency.

Meanwhile, betting markets like Kalshi and Polymarket report increasing odds of Bitcoin being adopted into federal fiscal policy under the Trump administration.

Wyoming’s progressive stance on Bitcoin may be a mirror to other states that want to make digital assets part of their financial future plans and thus could change U.S. state and federal economic policies over the coming years.

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