Nearly half of the state governments of the United States are either on a path to put some of their money in crypto or already have, and much of a sudden thriving interest in tying their economic future Trump showed support for a national stock of digit assets .

In the increase in crypto -legislative or financial efforts at state -level, 21 states invest or investigate investment – generally in the industry’s leading token, Bitcoin (BTC), and sometimes also in less fleeting stablecoins designed to match the value of the US dollar, According to a Coindesk analysis. With states such as Arizona, Pennsylvania, Utah and Texas, already digging into legislation to open public funds to buy Cryptocurrencies, such initiatives may surely surpass efforts in Congress aimed at a so -called strategic bitcoin r

Sixteen State lawmakers look at bills to either establish digital assets stocks or to allow their state retirement funds to be partially invested in crypto, most of those introduced in recent weeks. Officials in another three states are dealing with serious discussions about registration, and the money managers of two states-Michigan and Wisconsin-have already dipped parts of their public employee’s pension portfolios in crypto-exchange-trading funds (ETFs).

If states start pouring parts of their public funds into Bitcoin and other digital assets, it would potentially lock billions of dollars of symbols for extended periods, increasing the value of the assets still openly circulating. Another effect: States potentially create millions of people to have personal efforts in health in the crypto sector – whether or not they want to.

In several of the proposals, the governments are looking to follow in the footsteps of Michigan and Wisconsin in pushing parts of their pension funds and state pension investments to digital assets. Retired school teachers, law enforcement authorities and other public employees will see that some of their financial security becomes dependent on the oscillations in the crypto markets.

Other pieces of legislative will instruct state treasurer to spend as much as 10% of their public funds on a strategic reserve, with some specification that qualification of digital assets must have at least $ 500 billion market capital, which only leaves Bitcoin that currently meets labeled.

Arizona and Utah build a lead after having their efforts adopted by regulatory committees, but other states weighing some version of a crypto bill also includes Illinois, Indiana, Kansas, Massachusetts, Missouri, Montana, New Hampshire, North Dakota, Ohio, Oklahoma, South Dakota and Wyoming. Others, such as Alabama, Florida and Kentucky, are considering proposals from state officials or on the verge of pursuing legislation. The states that are interested in digital assets are predominantly Republican majority in their policy, and the reasons why the legislators say they support the bills include investment diversity and embrace of technological innovation.

The amount that the states have removed could eventually be overshadowed by the US government’s own reserve if this effort is made. President Trump urged in his wider executive order of American cryptopolitics to his administration to “evaluate the potential establishment and maintenance of a national digital asset warehouse.” The order suggested that it may have been built from government seizures of crypto in criminal cases.

The idea had originally been beaten by Senator Cynthia Lummis, Wyoming Republican, who sets off much of her political bandwidth to support Crypto and was appointed the first chairman of the Senats Banking Committee’s digital assets subcommittee. Her bill to set up an American reserve encourages the country to get approx. $ 20 billion value of tokens in the first year and to get another 200,000 in each of the next four years until the US eventually holds a million bitcoin.

While Lummis’ pitch has called it a “strategic Bitcoin reserve”, it’s not – like petroleum reserve – designed for implementation when financial conditions guarantee it. It is more structured as a long -term investment that requires the United States to have the assets for at least 20 years.

It would be almost 5% of the possible, final supply of global bitcoin that goes untouched for at least two decades. Combined with whatever states seeking to store, US governments would secure a significant percentage of the asset, in addition to the ruting reserves that the US ETF issuers have such as Blackrock and Grayscale and Business Investors led by Microstratey.

The states’ interest in Bitcoin potentially lands Satoshi Nakamoto’s ultimate exercise of financial outsiders to the kingdom of insiders and adds the asset to the government’s core functions. The Bitcoin white book intended to establish a system of transactions outside the need for communicial companies or government supervision.

States that create Bitcoin funds partially managed by new laws could become some of the most stable of the industry’s institutional investors. And to name Bitcoin as a “strategic reserve”, the digital tokens put on par with gold and oil as economic carrier beams despite the very different nature of cryptocurrencies and their practical weaknesses as an inflation hedge.

From the perspective of their citizens or public employees, it says that Grab Crypto Stakes comes away with two potential results: Millions of people will enjoy more comfortable and well -financed retirement or public services; Or millions of people will see a crypto accident eating in the safety net they expect.

It could be “catastrophic for tens of thousands of millions of pensioners whose government officials gambler with state pension funds to buy Bitcoin or Krypto,” said Dennis Kelleher, CEO of Better Markets, a Washington-based lawyer group that is critical of the dangers of digital assets.

He called the idea of ​​a government’s Bitcoin stock “a brave attempt from a handful of crypto-militiaries and their political allies to take money out of the Main Street taxpayers’ pockets to create artificial demand for a very fleeting product suffering from boom- Bust bikes, are full of fraudulent trade and pricing in unregulated markets and have no socially legitimate use but are loved by criminals.

Efforts on the prediction site Polymarket have set the odds that one of the states is starting to sell Bitcoin reserves by the end of this month at 11%, and the chances of the US creating such a reserve this year at national level is 45 %.

It may already be a trend that governments around the world cannot ignore.

“We expect more nation states, central banks, sovereign Fund Funds and State Treasuries to Establish Strategic Positions in Bitcoin,” Fidelity Digital Assets Scientists predicted in a Look-Head report for 2025. ” Currency -down basing and increasingly crushing tax deficits and not making any Bitcoin allocation could become more of a risk of nations than to do one.