- North Dakota’s bill, supported by 11 sponsors, explicitly advocates for a strategic Bitcoin reserve.
- On the national level, Bitcoin advocacy has gained prominence, fueled by Donald Trump’s campaign promises.
The push for Bitcoin as a state-held reserve asset is gaining steam across the United States. New Hampshire and North Dakota are the latest states to introduce legislation aimed at incorporating Bitcoin into their treasuries.
These moves reflect a broader trend of integrating digital assets into state-level financial strategies, driven by economic pragmatism and cryptocurrency’s rising prominence.
In New Hampshire, Representative Keith Ammon reportedly introduced a bill referring to “digital assets,” a subtle nod to Bitcoin. According to a post by Dennis Porter, CEO of the Satoshi Action Fund, this phrasing avoids political resistance while keeping Bitcoin as the intended focus.
Meanwhile, North Dakota has taken an even bolder stance. Representatives Nathan Toman and Josh Christy, along with Senator Jeff Barta, introduced a bill explicitly supporting a strategic Bitcoin reserve. The legislation already has backing from 11 sponsors, indicating significant political momentum.
See Related: Five Ways Trump Could Transform Crypto Regulation, According To Blockchain Association
A National Trend In Bitcoin Advocacy
These state-level initiatives are part of a growing national conversation around Bitcoin. Pennsylvania took a similar step in November, introducing a proposal modeled after recommendations from the Satoshi Action Fund, Cointelegraph reported. At the time, Representative Mike Cabell called Bitcoin a critical hedge against inflation and financial instability.
The dialogue has only intensified since Donald Trump’s campaign promise to make the United States the global hub for Bitcoin and crypto. After his election victory in November, advocates have closely watched the president-elect, hoping he will act on his pledge to stockpile Bitcoin through the Treasury Department.
Opinions remain split on whether Trump will follow through on establishing a national Bitcoin reserve. Some, like Strike CEO Jack Mallers, believe Trump could issue an executive order on Bitcoin immediately after taking office. Others, like Galaxy Digital founder Mike Novogratz, doubt such measures will come to fruition.
Even betting markets like Polymarket reportedly show skepticism, with only a 27% chance of Trump implementing a Bitcoin reserve in his first 100 days. This figure has fallen from 45% in November, signaling waning confidence among speculators.
