{"id":35142,"date":"2025-01-18T22:00:53","date_gmt":"2025-01-18T19:00:53","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=35142"},"modified":"2025-01-18T20:32:49","modified_gmt":"2025-01-18T17:32:49","slug":"wyoming-proposes-bill-for-strategic-bitcoin-reserve","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/wyoming-proposes-bill-for-strategic-bitcoin-reserve\/","title":{"rendered":"Wyoming Proposes Bill for Strategic Bitcoin Reserve"},"content":{"rendered":"<p><strong>Wyoming<\/strong> becomes the latest state to propose bill for <a href=\"https:\/\/coinengineer.net\/blog\/sec-accused-digital-currency-group-of-misleading-investors\/\"><strong>Strategic Bitcoin Reserve<\/strong><\/a> before <strong>Donald Trump\u2019s<\/strong> presidential oath.<\/p>\n<p>Before <strong>Donald Trump\u2019s<\/strong> presidential inauguration on January 20th, <strong>Wyoming<\/strong> became the latest state to propose a bill for the creation of a <strong>Strategic Bitcoin Reserve<\/strong>, following the footsteps of many other states across the country.<\/p>\n<p>&#8220;Wyoming took its first bold step toward a strategic Bitcoin reserve,&#8221; wrote <strong>Wyoming Senator Cynthia Lummis<\/strong> in a post on the X platform on January 17th. Following the post, the bill titled &#8220;State Funds \u2013 Investment in Bitcoin&#8221; was introduced. If passed, the bill will allow some of Wyoming&#8217;s state funds to be invested in Bitcoin.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/wyoming-proposes-bill-for-strategic-bitcoin-reserve\/#Lummis_Praised_Wyoming_Representative_for_Bitcoin_Move\" title=\"Lummis Praised Wyoming Representative for Bitcoin Move\">Lummis Praised Wyoming Representative for Bitcoin Move<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/wyoming-proposes-bill-for-strategic-bitcoin-reserve\/#US_States_Pushing_Bitcoin_Adoption_Forward\" title=\"U.S. States Pushing Bitcoin Adoption Forward\">U.S. States Pushing Bitcoin Adoption Forward<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Lummis_Praised_Wyoming_Representative_for_Bitcoin_Move\"><\/span>Lummis Praised Wyoming Representative for Bitcoin Move<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A strong advocate for<strong> Bitcoin, Lummis,<\/strong> who introduced the <strong>Bitcoin Strategic Reserve<\/strong> bill to the <strong>U.S. Senate<\/strong> in July 2024, praised <strong>Wyoming Representative Jacob Wasserburger<\/strong> for introducing the bill that &#8220;would allow permanent funds to be diversified into Bitcoin.&#8221;<\/p>\n<blockquote><p><strong>Lummis<\/strong>: &#8220;This forward-thinking approach will benefit our state while leading the nation in financial innovation,&#8221; she said.<\/p><\/blockquote>\n<p>The bill allows the state treasury\u2019s general fund, the permanent <strong>Wyoming<\/strong> mineral trust fund, and the permanent land fund to invest in Bitcoin; however, it specifies that no more than 3% of each fund should be allocated to Bitcoin.<\/p>\n<p>Furthermore, if <strong>Bitcoin<\/strong> investments in any fund exceed 3% of the total market value, the bill states that the state treasury &#8220;will not be required to sell or otherwise reduce investments to comply with this limit.&#8221;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"US_States_Pushing_Bitcoin_Adoption_Forward\"><\/span>U.S. States Pushing Bitcoin Adoption Forward<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>So far, <strong>Pennsylvania, Texas, Ohio, New Hampshire, Oklahoma, North Dakota, <\/strong>and <strong>Massachusetts<\/strong> have introduced the Strategic Bitcoin Reserve bill.<\/p>\n<p>This development comes as the possibility of establishing a <strong>strategic Bitcoin reserve<\/strong> after <strong>Trump\u2019s<\/strong> inauguration on January 20th has gained momentum, with betting markets <strong>Kalshi<\/strong> and <strong>Polymarket<\/strong> seeing rising odds. Additionally, it was reported that <strong>Lummis<\/strong> sent a letter to the <strong>U.S. Marshals Service<\/strong> on January 15th, addressing the possibility of selling the<strong> 69,370 Bitcoin<\/strong> seized by the government from <strong>Silk Road<\/strong> assets.<\/p>\n<p><strong>Lummis<\/strong> described the<strong> U.S. government&#8217;s<\/strong> efforts to sell <strong>Bitcoin reserves<\/strong> as a form of political animus.<\/p>\n<hr \/>\n<p><i class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><span class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<\/span><\/i><strong><span style=\"color: #ffcc00;\"><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" style=\"color: #ffcc00;\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><i class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><span class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/span><\/i><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" style=\"color: #ffcc00;\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><i class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><span class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/span><\/i><\/a><\/span><\/strong><i class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><span class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong><span style=\"color: #ffcc00;\">,<\/span><\/strong> and\u00a0<\/span><\/i><span style=\"color: #ffcc00;\"><strong><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" style=\"color: #ffcc00;\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><i class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><span class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/span><\/i><\/a><\/strong><\/span><i class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><span class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><span style=\"color: #ffcc00;\"><strong>\u00a0<\/strong><\/span>channels for the latest\u00a0<\/span><\/i><strong><span style=\"color: #ffcc00;\"><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" style=\"color: #ffcc00;\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><i class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><span class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/span><\/i><\/a><\/span><\/strong><i class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><span class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong><span style=\"color: #ffcc00;\">\u00a0<\/span><\/strong>and updates.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wyoming becomes the latest state to propose bill for Strategic Bitcoin Reserve before Donald Trump\u2019s presidential oath. Before Donald Trump\u2019s presidential inauguration on January 20th, Wyoming became the latest state to propose a bill for the creation of a Strategic Bitcoin Reserve, following the footsteps of many other states across the country. &#8220;Wyoming took its<\/p>\n","protected":false},"author":29,"featured_media":35147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[11126,1730,10332,4842],"class_list":["post-35142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bill-for-strategic-bitcoin-reserve","tag-donald-trump","tag-strategic-bitcoin-reserve","tag-wyoming"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wyoming Proposes Bill for Strategic Bitcoin Reserve - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/wyoming-proposes-bill-for-strategic-bitcoin-reserve\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wyoming Proposes Bill for Strategic Bitcoin Reserve - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Wyoming becomes the latest state to propose bill for Strategic Bitcoin Reserve before Donald Trump\u2019s presidential oath. 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