8 US States Reject Bitcoin Reserve Bills — While Trump Goes All In
Florida, Arizona and 6 others abandon state Bitcoin reserve plans, despite Trump’s aggressive federal crypto push.
As President Trump pushes the U.S. toward becoming the global capital of crypto, some states are hitting the brakes. In a surprising turn, eight U.S. states have walked back proposed legislation to establish their own state-level Bitcoin reserves.
The states that have backed off include:
- Florida
- Arizona
- Montana
- North Dakota
- Oklahoma
- Pennsylvania
- South Dakota
- Wyoming
This comes despite Trump signing an executive order in March to create a “Strategic Bitcoin Reserve”—a federal-level crypto stockpile intended to secure and manage national digital assets. His vision? To elevate Bitcoin as a strategic store of value in the global financial system.
At the state level, however, things look different.
In Florida, lawmakers introduced House Bill 487 and Senate Bill 550 to create a state Bitcoin reserve. Both were pulled before any vote. Arizona passed similar legislation through both chambers—only for Governor Katie Hobbs to veto it, stating that “retirement funds are not the place for untested investments.”
Montana’s Inflation Protection Act, which included a Bitcoin reserve proposal, was ultimately voted down in the House by 59 to 41. Critics argued that allocating public funds to crypto was speculative and risky.
Other states like North Dakota, Oklahoma, South Dakota, Wyoming, and Pennsylvania similarly stepped back from proposed bills, often citing volatility and uncertainty around Bitcoin’s long-term stability.
This divergence between federal ambition and state-level caution highlights a major theme in U.S. crypto policy: regulatory fragmentation. For investors, this means the playing field continues to evolve — and staying informed about both federal and state policies is more crucial than ever.
