Overview of Bitcoin Strategic Reserve Legislation Progress in U.S. States

Recently, several states in the United States have successively proposed bills to incorporate Bitcoin into state government strategic reserves. This trend reflects the increasing importance that states place on digital assets. This article will continue to track and update the latest progress of each state in this regard.

New Hampshire

The HB1578 bill proposed in New Hampshire aims to allow the state treasury to hold Bitcoin as a reserve asset for the state government. The bill was submitted on January 5, 2023, and is currently under review by the state legislature's financial services committee.

Texas

The SB2543 bill proposed by Texas Senator Tanou suggests including Bitcoin in the state government's investment portfolio. The bill was submitted on March 10, 2023, and is now under review by the Senate Committee on Business and Commerce.

Mississippi

The HB1178 bill introduced by Mississippi State Representative Powell proposes to amend existing laws to classify Bitcoin as a legal investment option for state government. The bill was submitted on January 17, 2023, but unfortunately did not pass in committee.

Missouri

The SB106 bill proposed by Missouri Senator Moon aims to include Bitcoin in the state's investment portfolio. The bill was submitted on January 4, 2023, and is currently under review by the Senate Insurance and Banking Committee.

Arizona

The SB1341 bill proposed by Arizona Senator Rogers suggests designating Bitcoin as a legal investment option for state government. The bill was submitted on January 26, 2023, but failed to pass in committee.

Hawaii

The SB822 bill proposed by Hawaii State Senator Lee suggests adding Bitcoin to the state government's investment portfolio. The bill was submitted on January 20, 2023, and is currently under review by the state Senate Economic Development Committee.

Indiana

The HB1470 bill submitted by Indiana State Representative Morris aims to allow the state treasury to hold Bitcoin as a reserve asset for the state government. The bill was submitted on January 17, 2023, and has now entered the review stage by the state's Financial Institutions and Insurance Committee.

Oklahoma

The SB513 bill proposed by Senator Dahle of Oklahoma suggests including Bitcoin in the state government's investment portfolio. The bill was submitted on February 6, 2023, and is currently under review by the Senate Finance and Financial Institutions Committee.

The attitudes and progress of each state regarding the Bitcoin strategic reserve bill vary, reflecting different views on digital asset policy across the United States. These legislative attempts will undoubtedly have a profound impact on the future cryptocurrency policy in the U.S. We will continue to monitor developments in this area and update relevant information in a timely manner.