Thomas Daniels
Wyoming has introduced a landmark bill titled “State Funds—Investment in Bitcoin,” aimed at establishing a Strategic Bitcoin Reserve. The move positions Wyoming as a leader in financial innovation, just days before Donald Trump’s presidential inauguration on January 20.
The proposal allows Wyoming state funds, including the general fund, the Permanent Wyoming Mineral Trust Fund, and the Permanent Land Fund, to allocate up to 3% of their value into Bitcoin investments. Notably, the bill also permits maintaining investments that exceed the 3% threshold due to market appreciation.
A Bold Step Toward Bitcoin Integration
Wyoming Senator Cynthia Lummis, a staunch Bitcoin advocate, hailed the introduction of the bill in a January 17 post on X (formerly Twitter). Lummis commended Representative Jacob Wasserburger for spearheading the legislation, emphasizing its significance for the state’s financial diversification strategy.
“This forward-thinking approach will benefit our state as we lead the nation in financial innovation,” stated Lummis, who herself proposed a national Bitcoin reserve bill in July 2024.
Expanding Bitcoin Adoption Across States
Wyoming joins a growing list of states, including Texas, Ohio, New Hampshire, Oklahoma, and Massachusetts, that have introduced similar Strategic Bitcoin Reserve bills. The trend underscores a broader movement toward Bitcoin adoption at the state level, aligning with efforts to integrate cryptocurrency into long-term investment strategies.
The timing of Wyoming’s bill aligns with heightened speculation on platforms like Kalshi and Polymarket regarding Trump’s stance on a federal Bitcoin reserve. Furthermore, Lummis recently addressed the US Marshals Service, questioning the government’s intent to sell 69,370 Bitcoin seized during the Silk Road asset forfeiture. She characterized such actions as politically motivated.
As Wyoming positions itself as a pioneer in crypto-finance, the state’s bold initiative could serve as a model for others exploring the integration of digital assets into public funds.
