NEW YORK—Reflecting the Trump Administration’s pro-crypto stance, Bitcoin and digital asset bills have been field in at least 31 state legislatures, according to a Bitcoin Laws website tracking state legislative filings.
The website breaks down each bill filed and its progress in its respective chamber, The Center Square noted.
Digital currency bills have been filed in the state legislatures of Alabama, Arizona, Florida, Georgia, Iowa, Illinois, Indiana, Kansas, Kentucky, Massachusetts, Maryland, Michigan, Missouri, Mississippi, Montana, North Carolina, North Dakota, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Texas, Utah, West Virginia and Wyoming, according to the analysis, The Center Square said.
As of Feb. 19, Alabama remains the only state to have enacted legislation establishing a Blockchain Study Commission. Additionally, another bill has been introduced to restrict certain state actions related to digital assets, according to The Center Square.
In Arizona, multiple bills addressing cryptocurrency and digital assets are currently in committee or before the legislature. These measures cover various topics, including state agency involvement with cryptocurrencies, digital assets in state retirement systems, the creation of a digital asset strategic reserve fund, and the authorization of public investments in virtual currency, The Center Square reported.
Florida lawmakers have introduced companion bills in both chambers to permit public funds to be invested in Bitcoin. In Georgia, proposed legislation would establish a State Depository Board and grant the state treasurer authority to invest in Bitcoin. Meanwhile, in Iowa, a bill introduced in the state House seeks to authorize the state to invest public funds in digital assets and precious metals, The Center Square noted.
Indiana has seen the introduction of bills in the state House focused on digital asset mining and blockchain technology. In Kansas, a state Senate bill proposes allowing the state’s retirement board of trustees to invest in Bitcoin. Kentucky lawmakers have also introduced bills related to digital assets and state financial practices, The Center Square reported.
Several states, including Arizona, Illinois, Maryland, Michigan, Missouri, New Mexico, Ohio, Oklahoma, and Texas, have introduced legislation to establish a Strategic Bitcoin Reserve Fund or Digital Asset Reserve Fund, according to The Center Square.