{"id":821661,"date":"2025-01-21T11:12:03","date_gmt":"2025-01-21T17:12:03","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/21\/bitcoin-strategic-reserve-bill-introduced-in-wyoming\/"},"modified":"2025-01-21T11:12:03","modified_gmt":"2025-01-21T17:12:03","slug":"bitcoin-strategic-reserve-bill-introduced-in-wyoming","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/21\/bitcoin-strategic-reserve-bill-introduced-in-wyoming\/","title":{"rendered":"Bitcoin strategic reserve bill introduced in Wyoming"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div data-id=\"160419\" data-url=\"https:\/\/cryptobriefing.com\/wyoming-bitcoin-investment-bill\/\">\n<section>\n<div>\n<p><a href=\"https:\/\/cryptobriefing.com\/bitcoin\/\" rel=\"tag\"><br \/>\n                    Bitcoin                <\/a>\n                    <\/p>\n<\/div>\n<p><span><span><a href=\"https:\/\/cryptobriefing.com\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/cryptobriefing.com\/bitcoin\/\">Bitcoin<\/a><\/span> \u00bb <span aria-current=\"page\">Bitcoin strategic reserve bill introduced in Wyoming<\/span><\/span>        <\/p>\n<div>\n<div>\n<p><span>by<\/span><\/p>\n<div>\n<p><a data-author_id=\"29816\" href=\"https:\/\/cryptobriefing.com\/team\/vivian-nguyen\/\" rel=\"author\">Vivian Nguyen<\/a><\/p>\n<\/div><\/div>\n<p><time datetime=\"2025-01-17T17:58:37+00:00\"><br \/>\n                        Jan. 17, 2025                    <\/time>\n                            <\/p>\n<\/p><\/div>\n<\/section>\n<section>\n<h2>Bitcoins Wyoming leads blockchain adoption in state finance with Bitcoin investment initiative.<\/h2>\n<\/section>\n<section>\n            <picture><source media=\"(min-width: 850px)\" ><img decoding=\"async\" src=\"http:\/\/cryptobriefing.com\/5b10e854-baf8-4c95-aee8-b9149666da1d.jpg\" alt=\"bitcoins Bitcoin strategic reserve bill introduced in Wyoming\" title=\"bitcoins http:\/\/cryptobriefing.com\/5b10e854-baf8-4c95-aee8-b9149666da1d.jpg\">\n            <\/picture>\n        <\/section>\n<section>\n<section>\n<h3>Key Takeaways<\/h3>\n<ul>\n<li>Wyoming lawmakers are proposing a bill to allow state funds to be invested in Bitcoin, up to a 3% limit per fund.<\/li>\n<li>The bill mandates strict security measures for Bitcoin custody and requires the state treasurer to report annually on investment performance.<\/li>\n<\/ul>\n<\/section>\n<section>\n<p>Share this article<\/p>\n<\/section>\n<p>        <?xml encoding=\"UTF-8\"><\/p>\n<p class=\"pb-2 min-w-[1px]\" data-wt-guid=\"da5bd61b-4c10-4b6c-a3db-5c19066332b3\" data-pm-slice=\"1 1 []\">Wyoming lawmakers have introduced \u201c<a class=\"text-text-neutral-tertiary underline cursor-pointer\" href=\"https:\/\/wyoleg.gov\/2025\/Introduced\/HB0201.pdf\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">House Bill 0201<\/a>\u201d or \u201cHB0201,\u201d a bill that would allow the state treasurer to invest up to 3% of qualifying state funds\u2014including the general fund, permanent mineral trust fund, and permanent land fund\u2014in Bitcoin.<\/p>\n<p class=\"pb-2 min-w-[1px]\" data-wt-guid=\"b22ce9dc-3cfe-4198-886e-a2e27de0a2fe\">Under the proposed legislation, Bitcoin investments can be made through direct purchases or via investments in regulated Bitcoin ETPs issued by registered investment companies.<\/p>\n<p class=\"pb-2 min-w-[1px]\" data-wt-guid=\"083f9fc3-cb3c-4b3e-b3d3-8e36e0893d35\">To ensure transparency and accountability, the state treasurer would be required to submit annual reports detailing Bitcoin investments\u2019 <span class=\"issue-underline underline decoration-2 underline-offset-4 transition decoration-border-brand-default hover:bg-bg-brand-light-default\" data-issueid=\"6ca289d7-8273-468b-897b-6961e23d640b\" aria-label=\"open issue for the following text performance,\" data-testid=\"issue-underline:undefined\">performance,<\/span> custody arrangements, market values, and any payments received in Bitcoin. The bill also grants the treasurer the authority to create necessary implementing rules.<\/p>\n<p class=\"pb-2 min-w-[1px]\" data-wt-guid=\"34d1f0ea-9b67-4f9a-a7ea-a40d03ca84aa\">Wyoming\u2019s initiative follows the state\u2019s <a class=\"text-text-neutral-tertiary underline cursor-pointer\" href=\"https:\/\/cryptobriefing.com\/uw-bitcoin-institute-launch\/\" target=\"_blank\" rel=\"\">broader push<\/a> into blockchain technology and digital assets, as lawmakers explore crypto as an investment option for public funds.<\/p>\n<p class=\"pb-2 min-w-[1px]\" data-wt-guid=\"ef38b08d-9371-4ef7-8071-e93a71c51dd8\" data-pm-slice=\"1 1 []\">Wyoming\u2019s latest move joins a growing national trend of states exploring crypto investments. It joins six other states\u2014Oklahoma, Texas, Ohio, Pennsylvania, New Hampshire, and North Dakota\u2014in actively considering <span class=\"issue-underline underline decoration-2 underline-offset-4 transition decoration-border-brand-default hover:bg-bg-brand-light-default\" data-issueid=\"81b47813-ee25-4497-ba75-fdab692893dd\" aria-label=\"open issue for the following text the establishment of\" data-testid=\"issue-underline:undefined\">the establishment of<\/span> strategic Bitcoin reserves.<\/p>\n<p class=\"pb-2 min-w-[1px]\" data-wt-guid=\"732c1f86-224f-4242-bf9b-f6d99975bad6\">The bill is set to take effect immediately upon completion of all necessary legislative processes. It will now move through the Wyoming legislature where it will be debated and voted on.<\/p>\n<p><html><body><\/p>\n<div class=\"ad-banner mrec-in-article\"><\/div>\n<p><\/body><\/html><\/p>\n<blockquote>\n<p data-wt-guid=\"732c1f86-224f-4242-bf9b-f6d99975bad6\">\u201cWyoming took its first bold step toward a strategic bitcoin reserve,\u201d Sen. Cynthia Lummis commented on the bill. \u201cThis forward-thinking approach will benefit our state as we lead the nation in financial innovation.\u201d<\/p>\n<\/blockquote>\n<p data-wt-guid=\"732c1f86-224f-4242-bf9b-f6d99975bad6\">Sen. Lummis <a href=\"https:\/\/cryptobriefing.com\/strategic-bitcoin-reserve-us\/\" target=\"_blank\" rel=\"\">introduced<\/a> a bill last November, known as the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act, outlining a plan for the federal government to buy 1 million Bitcoins within five years. This acquisition would roughly equal 5% of all Bitcoin supply.<\/p>\n<section class=\"article-share\">\n<p>Share this article<\/p>\n<div class=\"social-icons\">\n          <button class=\"social-icon share\" data-href=\"https:\/\/x.com\/intent\/tweet?text=Bitcoin+strategic+reserve+bill+introduced+in+Wyoming&#038;url=https%3A%2F%2Fcryptobriefing.com%2Fwyoming-bitcoin-investment-bill%2F&#038;via=crypto_briefing\" aria-label=\"Share on x\"><br \/>\n        <?xml version=\"1.0\" encoding=\"UTF-8\"?><br \/>\n                <svg width=\"40px\" height=\"40px\" viewBox=\"0 0 40 40\" version=\"1.1\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n                <g id=\"surface1\">\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 17.867188 0.148438 C 10.839844 0.878906 4.558594 5.507812 1.707031 12.054688 C -0.132812 16.28125 -0.441406 21.148438 0.867188 25.625 C 2.480469 31.214844 6.652344 35.933594 12.054688 38.292969 C 16.28125 40.132812 21.148438 40.4375 25.628906 39.132812 C 32.332031 37.199219 37.613281 31.695312 39.347656 24.851562 C 42.054688 14.132812 35.414062 3.171875 24.667969 0.613281 C 22.304688 0.0546875 20.226562 -0.09375 17.867188 0.148438 Z M 18.132812 12.535156 C 19.839844 14.800781 21.28125 16.667969 21.332031 16.667969 C 21.386719 16.667969 23.160156 14.800781 25.253906 12.535156 L 29.078125 8.398438 L 31.253906 8.398438 L 30.785156 8.894531 C 30.519531 9.171875 28.785156 11.054688 26.933594 13.066406 C 25.078125 15.078125 23.265625 17.039062 22.90625 17.398438 L 22.265625 18.078125 L 27.265625 24.734375 C 30.011719 28.398438 32.265625 31.441406 32.265625 31.492188 C 32.265625 31.558594 30.628906 31.601562 28.640625 31.601562 L 25 31.585938 L 21.613281 27.054688 C 19.28125 23.921875 18.1875 22.574219 18.078125 22.652344 C 18 22.71875 16.105469 24.761719 13.867188 27.1875 L 9.800781 31.601562 L 8.773438 31.601562 C 8.199219 31.601562 7.734375 31.574219 7.734375 31.535156 C 7.734375 31.492188 9.851562 29.171875 12.441406 26.386719 C 15.011719 23.601562 17.148438 21.265625 17.171875 21.226562 C 17.1875 21.171875 15.066406 18.28125 12.464844 14.800781 C 9.867188 11.332031 7.734375 8.464844 7.734375 8.441406 C 7.734375 8.414062 9.371094 8.398438 11.386719 8.398438 L 15.039062 8.398438 Z M 18.132812 12.535156 \" \/>\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 11.027344 10.1875 C 11.082031 10.28125 14.441406 14.785156 18.464844 20.171875 L 25.800781 29.988281 L 27.441406 30 C 28.453125 30 29.066406 29.945312 29.039062 29.867188 C 29.027344 29.800781 25.679688 25.292969 21.628906 19.867188 L 14.238281 10 L 12.585938 10 C 11.214844 10 10.933594 10.027344 11.027344 10.1875 Z M 11.027344 10.1875 \" \/>\n                <\/g>\n                <\/svg>      <\/p>\n<\/section>\n<\/div>\n<p> Vivian Nguyen <a href=\"https:\/\/cryptobriefing.com\/wyoming-bitcoin-investment-bill\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Home \u00bb Bitcoin \u00bb Bitcoin strategic reserve bill introduced in Wyoming by Vivian Nguyen Jan. 17, 2025 Wyoming leads blockchain adoption in state finance with Bitcoin investment initiative. Key Takeaways Wyoming lawmakers are proposing a bill to allow state funds to be invested in Bitcoin, up to a 3% limit per fund. The bill<\/p>\n","protected":false},"author":1,"featured_media":821662,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,24400],"tags":[11476],"class_list":{"0":"post-821661","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-strategic","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/821661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=821661"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/821661\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/821662"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=821661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=821661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=821661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}