{"id":52369,"date":"2025-01-20T02:55:00","date_gmt":"2025-01-20T02:55:00","guid":{"rendered":"https:\/\/cointelegraph.com\/news\/united-states-wyoming-introduces-bill-for-strategic-bitcoin-reserve"},"modified":"2025-01-20T04:18:27","modified_gmt":"2025-01-20T04:18:27","slug":"wyoming-proposes-bill-for-strategic-bitcoin-reserve","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=52369","title":{"rendered":"Wyoming proposes bill for Strategic Bitcoin Reserve"},"content":{"rendered":"

Wyoming, in the United States, has introduced a bill to create a Strategic Bitcoin Reserve, joining several other states nationwide ahead of Donald Trump\u2019s presidential inauguration on Jan. 20.<\/p>\n

\u201cWyoming took its first bold step toward a strategic Bitcoin reserve,\u201d Wyoming Senator Cynthia Lummis wrote in a Jan. 17 X post, following the introduction of the bill titled \u201cState Funds-investment in Bitcoin,\u201d which, if passed, allows a portion of Wyoming state funds to be invested in Bitcoin (BTC).<\/p>\n

Lummis praises Wyoming Representative for Bitcoin push<\/h2>\n

Lummis, a vocal Bitcoin advocate who introduced the Bitcoin Strategic Reserve bill for the US government in July 2024, praised Wyoming representative Jacob Wasserburger for introducing the legislation to \u201callow permanent funds to diversify into Bitcoin.\u201d<\/p>\n

Lummis said, \u201cThis forward-thinking approach will benefit our state as we lead the nation in financial innovation.\u201d<\/p>\n

The bill proposed that the Wyoming state treasurer may use the general fund, the permanent Wyoming mineral trust fund, and the permanent land fund to invest in Bitcoin; however, it was said that under each fund, no more than 3% could be allocated to Bitcoin.<\/p>\n

\"\"
The bill states that if Bitcoin exceeds the 3% threshold, no sale will be required to maintain the portfolio allocation limit. Source: <\/em>State of Wyoming<\/em><\/p>\n<\/figcaption><\/figure>\n

It was also said that if the total market value of Bitcoin investments in any of the funds surpasses the 3% limit, the state treasurer \u201cshall not be required to sell or otherwise reduce the investments to comply with the limits of this section.\u201d<\/p>\n

US states continue to further Bitcoin adoption<\/h2>\n

To date, Pennsylvania, Texas, Ohio, New Hampshire, Oklahoma, North Dakota, and Massachusetts have all put forward a Strategic Bitcoin Reserve bill.<\/p>\n

The development comes as the odds of Trump establishing a strategic Bitcoin reserve after taking office on Jan. 20 are soaring on betting markets Kalshi and Polymarket.<\/p>\n

Related: <\/strong><\/em>US Bitcoin reserve has pundits in tailspin as Trump inauguration looms<\/strong><\/em><\/p>\n

It comes just days after Lummis sent a letter to the US Marshals Service on Jan. 15 demanding answers for the government\u2019s potential sale of 69,370 Bitcoin seized in the Silk Road asset forfeiture.<\/p>\n

Lummis characterized attempts to sell the US government\u2019s Bitcoin holdings as a form of political spite.<\/p>\n

Magazine: <\/strong><\/em>Crypto market is \u2018not playing ball\u2019 so far in 2025: Jason Pizzino, X Hall of Flame<\/strong><\/em><\/p>\n

Check other news for today<\/span> and Please stand by..<\/p>\n

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\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Wyoming, in the United States, has introduced a bill to create a Strategic Bitcoin Reserve, joining several other states nationwide ahead of Donald Trump\u2019s presidential inauguration on Jan. 20. \u201cWyoming took its first bold step … Wyoming proposes bill for Strategic Bitcoin Reserve<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":52379,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651],"tags":[139,3544,3812,5652,10,159,97],"class_list":["post-52369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","tag-bitcoin","tag-bitcoin-news","tag-cryptonews","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"\nWyoming proposes bill for Strategic Bitcoin Reserve - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=52369\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wyoming proposes bill for Strategic Bitcoin Reserve - 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