Wyoming and Massachusetts Consider Establishing Bitcoin Reserves
- Wyoming and Massachusetts are considering legislation to establish Bitcoin reserves.
- Wyoming’s bill allows the state treasurer to invest up to 3% of public funds in Bitcoin.
- Massachusetts’ proposal permits up to 10% of its rainy day fund in digital assets, including Bitcoin.
- Nearly one-fifth of U.S. states are exploring similar cryptocurrency investments.
- All proposals emerged after Donald Trump’s re-election, with Trump previously a Bitcoin skeptic.
Wyoming and Massachusetts have introduced bills to invest public funds in Bitcoin, with Wyoming allowing a maximum of 3% investment, while Massachusetts proposes up to 10%. These initiatives follow a trend among nearly one-fifth of U.S. states considering cryptocurrency investments post-Trump’s re-election.
