Wyoming has taken a bold step toward establishing a Strategic Bitcoin Reserve, with a newly introduced bill that could see the state investing a portion of its funds in Bitcoin. The move aligns with similar efforts in other states ahead of Donald Trump’s presidential inauguration on Jan. 20.
Wyoming Senator Cynthia Lummis, a prominent Bitcoin advocate, announced the introduction of the bill titled “State Funds–Investment in Bitcoin” via a Jan. 17 post on X (formerly Twitter). If passed, the legislation would allow the state to allocate a portion of its general fund, the permanent Wyoming mineral trust fund, and the permanent land fund to Bitcoin investments.
“This forward-thinking approach will benefit our state as we lead the nation in financial innovation,” Lummis stated, praising Wyoming Representative Jacob Wasserburger for spearheading the initiative.
The bill outlines a cautious approach, capping Bitcoin investments at 3% of the value of each fund. If Bitcoin holdings exceed the threshold, no sale would be required to bring the portfolio back within the limit.
Growing Momentum for State Bitcoin Reserves
Wyoming’s move mirrors similar efforts in other states, including Pennsylvania, Texas, Ohio, New Hampshire, Oklahoma, North Dakota, and Massachusetts, which have introduced their own Strategic Bitcoin Reserve bills.
The push for state-level Bitcoin reserves coincides with increased speculation that Trump may implement a national Bitcoin reserve policy after taking office. Betting platforms such as Kalshi and Polymarket have seen a surge in wagers on the likelihood of such a move.
Wyoming Proposal Presents Broader Bitcoin Policy Concerns
Wyoming’s legislative push comes shortly after Senator Lummis publicly criticized the US Marshals Service. In a Jan. 15 letter, Lummis demanded transparency regarding the government’s planned sale of 69,370 Bitcoin seized during the Silk Road asset forfeiture. She characterized the proposed sale as an act of “political spite.”
As Wyoming positions itself at the forefront of Bitcoin adoption, the state could set a precedent for financial innovation at the state level, paving the way for broader integration of Bitcoin into government financial strategies.
