Overview
- Representative John Snyder introduced HB 1039 as Senator Joe Gruters filed companion bills SB 1038 and SB 1040 to establish a strategic cryptocurrency reserve.
- The plan would use a dedicated trust to acquire, hold, and manage qualifying digital assets on behalf of the state.
- Funding sources outlined in the bills include direct purchases, state revenue, legal recoveries, and blockchain events such as forks or airdrops.
- The proposals include a conditional start date of July 1, 2026, and remain at an early stage of the legislative process.
- Backers frame the reserve as diversification and an inflation hedge, critics warn about volatility and regulatory uncertainty, and sponsors cite recent federal and state actions as precedent.