- States are actively encouraging “Strategic Bitcoin Reserve” initiatives, led by Ohio’s landmark legislation.
- Trump’s cryptocurrency working group signals federal interest amid growing Bitcoin adoption at the state level.
Amid the growing buzz surrounding President Donald Trump’s proposal to establish a strategic Bitcoin [BTC] Reserve for the United States: Individual states appear to be joining the movement.
Another State Joins the Bitcoin Reserve Race?
The initiative has gained momentum, with Dennis Porter, co-founder of the Satoshi Action Fund (SAF), revealing on X (formerly Twitter) that a state lawmaker has privately expressed interest in supporting the reserve.
He said,
“A state lawmaker just hit me up in my DMs. Another state will join the ‘Strategic Bitcoin Reserve’ movement. The states will take the lead.”
He continues in a separate tweet added,
“I can confirm that at least 15 states will introduce ‘Strategic Bitcoin Reserve’ legislation. Maybe even 16. As a reminder, just three months ago this number was zero.”
In response to Porter, a user noted,
“States embracing Bitcoin reserves show where the real innovation is happening: grassroots leadership while the federal level stays down to earth.”
This underlines the key role states play in advancing this groundbreaking initiative.
Polymarket data and Ohio’s bold move
But despite the growing enthusiasm Polymarket data to the question: “Will Trump create a Bitcoin reserve in his first 100 days?” reveals only a 21% probability, reflecting skepticism among gamblers.
However, Ohio has already taken decisive steps with a newly introduced bill to establish a ‘Strategic Bitcoin Reserve’.
Led by the Majority Whip and supported by six cosponsors, the bill allows the state to allocate up to 10% of its general fund, budget stabilization fund and prize trust fund to BTC.
It also includes stringent measures such as requiring robust self-custody or qualified custodians for asset management.
Designed to minimize political opposition, the bill uses the term “digital assets” while maintaining a clear focus on Bitcoin by imposing a market capitalization of $750 billion and a 12-month average threshold – criteria that only BTC currently meets .
This proactive approach aims to protect sovereign wealth funds against inflation and ensure rapid adaptability in the evolving financial landscape.
Billionaire and Bitcoin fan Vivek Ramaswamy said:
Source: Vivek Ramaswamy/X
Trump’s commitment
This coincides with President Trump’s directive to establish a cryptocurrency working group and underlines a strong commitment to reforming national crypto policy, including the exploration of a cryptocurrency stock.
While data from Polymarket casts doubt on immediate developments, growing interest from states like Wyoming and Massachusetts, alongside Swiss attention to BTC for its reserves, signals a broader shift in attitudes.
Recent legislative efforts in Texas and Oklahoma further indicate that the idea of a Bitcoin Reserve is no longer merely theoretical, but is gaining traction.
While uncertainties still remain, these developments point to a new era for Bitcoin’s role in financial systems, where its adoption as a strategic reserve could become a tangible reality.