This year’s rapid surge in U.S. states’ interest to put public money into cryptocurrencies before the federal government can establish a strategic reserve of digital assets has encountered mixed results after five such efforts flamed out, though Utah remains a single vote away from the finish line and Texas reportedly advanced a bill to its state Senate.
Pennsylvania, Wyoming, Montana, South Dakota and North Dakota have fallen short of the mark in legislative efforts to put public money into crypto. Others — most notably Utah — have made significant progress toward passing bills that could tie their financial health to the digital assets markets, and the ground is shifting by the hour.
The U.S. Congress and President Donald Trump have made noise about a federal strategic digital assets reserve, with the idea’s public campaign stemming from the Bitcoin 2024 stage in Nashville, Tennessee, back before Trump won his election and…
