Overview

• 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.