Seeking to solidify Wyoming’s position at the forefront of Bitcoin innovation, Congressman Jacob Wasserburger (@jacob4wyoming) introduced the “State Funds-Investment in Bitcoin Act” (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 first national park; from the invention of the LLC to the frontier of digital assets”, observed Wasserburger when presenting the bill. “HB0201 ensures Wyoming remains the leading state for legislative innovation in Bitcoin, while providing our citizens with the long-term benefits of sound currency and financial sovereignty.”
HB0201 would allow a portion of Wyoming state funds to be allocated to Bitcoin as part of a diversified investment strategy. In doing so, the state aims to exploit Bitcoin’s long-term appreciation potential, while promoting its principles of decentralization and monetary resilience. The initiative is in line with Wyoming’s long-standing reputation as the most Bitcoin-friendly jurisdiction in the United States, a legacy cultivated by laws such as the Wyoming Special Purpose Depository Institution (SPDI) framework, and includes more than two dozen other laws and approved or promulgated regulations. since 2018.
National Collaboration: Support for Senator Lummis and President-elect Trump
Representative Wasserburger’s ambitions extend beyond Wyoming. The freshman congressman highlighted the importance of supporting Wyoming Senator Cynthia Lummis and President-elect Donald Trump’s efforts to establish a strategic Bitcoin reserve in the United States.
“As a proud supporter of the efforts of Senator Lummis and President-elect Trump, I believe Wyoming can play a vital role in this national initiative,” Wasserburger said. “Building a strategic Bitcoin reserve is not just about ensuring financial strength, but ensuring that both Wyoming and America remain leaders on the global stage.”
This collaboration highlights the growing recognition of Bitcoin as a geopolitical asset. Proponents argue that holding Bitcoin as a reserve asset could hedge against inflation, protect against economic instability and strengthen the United States’ position in an increasingly digital global economy.
The economic case for a strategic Bitcoin reserve
At the heart of HB0201 lies an economic argument that is as compelling as it is revolutionary. Bitcoin, often described as “digital gold,” has demonstrated 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 afford to stand on the sidelines while other states, such as Texas, Pennsylvania, North Dakota, New Hampshire and others move forward with their own Bitcoin reserve bills,” Wasserburger said. “The swift passage of HB0201 ensures that Wyoming remains the leader among states, setting the standard for innovation and financial sovereignty. With many other states likely to follow suit, now is the time to solidify our position as a pioneer in the digital economy and ensure Wyoming stays ahead of the curve.”
“Wyoming’s economic future depends on embracing innovation while remaining true to our principles of individual freedom and financial independence,” Wasserburger said. “Investing in Bitcoin isn’t just smart policy: It’s Wyoming’s way of saying we’re ready for the future.”
At a time when states are grappling with economic uncertainty and inflationary pressures, Bitcoin’s fixed supply and decentralized nature offers a stark contrast to traditional financial systems. By adopting HB0201, Wyoming is positioning 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 my own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.