Seeking to further position Wyoming at the forefront of Bitcoin innovation, new representative Jacob Wasserberger said (@jacob4wyoming) and I submittedState funds – Bitcoin investment law” (HB0201), a bill aimed at creating a strategic bitcoin reserve for the state. Following in the footsteps of groundbreaking bitcoin legislation previously passed in Wyoming, this bill seeks to secure the state’s financial future while paving the way for broader national adoption.
Wyoming: A Tradition of Innovation
“Wyoming has always been a pioneer – from women’s suffrage, to the creation of the first national park; “From the invention of the LLC to the limits of digital assets,” Wasserberger said when introducing the bill. “HB0201 ensures Wyoming remains the leading state in legislative innovation in Bitcoin, while providing our citizens with the long-term benefits of sound money and financial sovereignty.”
HB0201 would allow a portion of Wyoming’s funds to be allocated to Bitcoin as part of a diversified investment strategy. In doing so, the country aims to capitalize on Bitcoin’s long-term appreciation potential while promoting the principles of decentralization and monetary flexibility. This initiative aligns with Wyoming’s long-established reputation as the most Bitcoin-friendly jurisdiction in the United States, a legacy that has been nurtured by laws such as the Wyoming Special Purpose Deposit Institution (SPDI) framework, and includes more than two dozen other laws and regulations passed or promulgated since 2018.
National Collaboration: Supporting Senator Lummis and President-elect Trump
Rep. Wasserberger’s ambitions extend far beyond Wyoming. The new lawmaker stressed the importance of supporting the efforts of Wyoming Senator Cynthia Lummis and President-elect Donald Trump to create a strategic Bitcoin reserve for the United States.
“As a proud supporter of Senator Lummis and President-elect Trump’s efforts, I believe Wyoming can play a vital role in this national initiative,” Wasserberger said. “Building a strategic bitcoin reserve is not just about securing financial strength, it is also about ensuring that both Wyoming and America stay ahead on the global stage.”
This collaboration underscores the growing recognition of Bitcoin as a geopolitical asset. Proponents argue that holding Bitcoin as a reserve asset can protect against inflation, guard against economic instability, and strengthen the United States’ position in an increasingly digital global economy.
The economic case for a strategic reserve of Bitcoin
At the heart of HB0201 lies an economic argument that is as compelling as it is revolutionary. Bitcoin, often described as “digital gold,” has shown remarkable resilience and growth over the past decade. For Wyoming, a state that has consistently championed financial independence and innovation, Bitcoin’s potential upside aligns with its long-term vision.
“We cannot sit on the sidelines while other countries do the same Texas, Pennsylvania, North Dakota, New Hampshire “And others are moving forward with billing their Bitcoin reserves,” Wasserberger said. “The passage of HB0201 quickly ensures that Wyoming remains a leader among states, setting the standard for financial innovation and sovereignty. With many other states likely to follow suit, now is the time to strengthen our position as a leader in the digital economy and ensure Wyoming remains at the forefront.”
“Wyoming’s economic future depends on embracing innovation while adhering to the principles of individual liberty and financial independence,” Wasserberger said. “Investing in Bitcoin isn’t just smart policy — it’s Wyoming’s way of saying we’re prepared for the future.”
As countries grapple with economic uncertainty and inflationary pressures, Bitcoin’s fixed supply and decentralized nature offer a stark contrast to traditional financial systems. By adopting HB0201, Wyoming positions itself as a leader not only in regulating Bitcoin, but also in integrating Bitcoin into the financial apparatus of state governance.
This is a guest post by Colin Crossman. The opinions expressed are entirely their own and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.
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