Utah Advances Bitcoin Reserve Bill as Other States Propose Crypto Investments

A growing number of U.S. states are pursuing legislation to allocate public funds to Bitcoin and other digital assets, with Utah leading the way.

Utah's state house passed a bill allowing up to 5% of certain public funds to be invested in digital assets like Bitcoin, with the state senate now set to review it.
Missouri introduced a bill to create a Bitcoin Strategic Reserve Fund, allowing the state treasurer to hold Bitcoin and accept it for state payments.
Maryland proposed a Bitcoin reserve funded by revenue from gambling violations, while Kentucky introduced bills enabling retirement funds to invest in crypto ETFs.
Seventeen states are currently considering similar legislation, with Michigan and Wisconsin already holding crypto ETFs in their retirement funds.
The push for state-level crypto reserves follows federal discussions, including a Trump administration executive order exploring the idea of a national crypto stockpile.