Wyoming Proposes a Bitcoin Reserves Bill

Wyoming Proposes Bitcoin Investment Bill for State Funds

Wyoming lawmakers have introduced a groundbreaking bill, “House Bill 0201” (HB0201), allowing the state to invest a portion of its funds in Bitcoin, further cementing the state’s position as a leader in blockchain adoption.

Key Points of HB0201

Bitcoin Allocation Limit: The bill permits the state treasurer to allocate up to 3% of qualifying funds—including the general fund, permanent mineral trust fund, and permanent land fund—into Bitcoin.
Investment Methods: Investments can be made directly or through regulated Bitcoin exchange-traded products (ETPs) issued by registered companies.
Transparency and Reporting:
- Annual reports on Bitcoin investments’ performance, custody, market value, and payments received in Bitcoin will be mandatory.
- The state treasurer will also have the authority to establish necessary rules for implementation.

Wyoming’s Role in Blockchain Innovation

This move aligns with Wyoming’s broader push into blockchain and digital assets, positioning the state as a pioneer in adopting innovative financial strategies. Senator Cynthia Lummis highlighted the bill as a “forward-thinking approach” that strengthens Wyoming’s leadership in financial innovation.

Joining a National Trend

Wyoming isn’t alone in exploring Bitcoin reserves. States like Oklahoma, Texas, Ohio, Pennsylvania, New Hampshire, and North Dakota are also considering similar strategies to diversify state funds with crypto investments.

Federal Connections

Senator Lummis has been a strong advocate for Bitcoin. In November 2024, she proposed the BITCOIN Act at the federal level, outlining a plan for the U.S. government to acquire 1 million Bitcoins within five years—equivalent to about 5% of Bitcoin’s total supply.

Next Steps for HB0201

The bill will now proceed through the Wyoming legislature for debate and voting. If passed, it will take effect immediately, marking a bold step toward integrating Bitcoin into state-level financial strategies.