US states are increasingly adopting Bitcoin and crypto legislation to bolster reserves and mining industries, signaling a major shift in public finance.
WASHINGTON D.C. – In March 2025, multiple US states, including Kentucky, North Carolina, and Arizona, moved forward with significant Bitcoin and cryptocurrency bills.
These aim to increase state reserves and support the crypto-mining industry.
States Increase Crypto Adoption in Financial Systems
March 2025 demonstrates a strong push by US states to incorporate cryptocurrency into their financial structures.
Lawmakers nationwide are proposing and enacting bills that support crypto mining operations, establish Bitcoin reserves, and enable digital asset investments.
These actions reflect a growing recognition of crypto as a strategic financial asset, beyond just a speculative tool.
Kentucky Enacts Pro-Bitcoin “Blockchain Digital Asset Act”
Kentucky saw major progress on March 24 with the governor signing the “Blockchain Digital Asset Act” (HB701).
This law grants residents Bitcoin ownership rights and provides advantages to crypto mining firms.
The Senate approved it unanimously, 37-0. Kentucky leverages its coal and hydropower energy access to position itself as a key mining hub.
Currently, it accounts for 11% of the total US Bitcoin hash rate.
Arizona Advances Bills for Digital Asset Reserve and Investments
Arizona is following a similar path. Two bills—SB1373 and SB1025—received approval from the House Rules Committee.
SB1373 allows the state treasurer to create a digital asset reserve using seized criminal funds.
The treasurer can invest up to 10% of this reserve and lend assets to generate revenue while managing risks.
SB1025 would allow Arizona to invest up to 10% of treasury and pension funds in Bitcoin. Arizona could store holdings in a federal Bitcoin reserve fund if one is created for added security.
Oklahoma Passes Strategic Bitcoin Reserve Bill
Oklahoma is also taking action. The state House recently passed HB1203, the Strategic Bitcoin Reserve Bill.
This bill permits public funds from various state accounts to be invested in Bitcoin, stablecoins, and leading digital assets with over $500 billion market cap.
Over 20 States Consider Bitcoin Legislation
Across the US, more than 20 states are considering similar initiatives.
According to Bitcoin Law, 23 out of 50 US states have introduced Bitcoin reserve bills.
Matthew Sigel, Head of Digital Assets Research at VanEck, suggests these bills could result in up to $23 billion in Bitcoin purchases, or 247,000 BTC.
This estimate excludes potential pension fund investments, which could increase these figures if legislation advances.
Federal Support for Bitcoin Boosts State Actions
State efforts are gaining momentum after the Trump administration showed strong Bitcoin support.
On March 7, the White House approved a Federal Strategic Bitcoin Reserve.
This development encourages states to align their financial strategies with national crypto policy.
Also Read: Kentucky Enacts Legislation to Safeguard Bitcoin Self-Custody and Mining Operations
