South Dakota Seeks to Establish Bitcoin Reserve as More States Join the Trend

South Dakota is expected to start debating about a bill that tries to add Bitcoin to his financial reserves, a movement that would officially recognize the crypto as part of the assets of the state.

“I am proud to say that I will take an account in the South Dakota house that would create a strategic Bitcoin reserve,” Logan Manhart, state representative of South Dakota, written On X on Tuesday. “This is one of the few opportunities that the government has proactive.”

A time frame for when the bill was introduced to the State of Representatives’s House was not provided. Decrypt has contacted you to find out more about the timing and details of the account.

The state level pushes for Bitcoin Reserves is closely linked to the pro-Crypto attitude of President Donald Trump, which has led to renewed interest in the integration of Bitcoin in American financial policy.

The movement of South Dakota is because at least a dozen other states intend to introduce or propose similar legislation, including TexasFlorida, Pennsylvania, Ohio and Arizona.

Pennsylvania was one of the earliest to introduced a proposal in November 2024, followed by Florida, Texas and Ohio in December.

Since then, more states have joined the effort, with North DakotaNew Hampshire, OklahomaMassachusetts, Wyoming and Utah submit Bitcoin Reserve proposals in January 2025.

Arizona has gone one step further, approval The first stage of a Bitcoin reserve account in its legislative power with which up to 10% of public resources can be granted if it passes.

On his campaign track in November, Trump promised To set up a National Bitcoin stock to position the US as the Crypto capital of the planet.

That promise took a concrete step ahead last week when Trump signed His first Crypto-oriented Executive Order, which creates the presidential working group in the field of digital asset markets-a team in charge of exploring policy, including a national crypto reserve.

The group, led by the White House Crypto & Ai Tsar, will assess the feasibility of the reserve in addition to other crypto-related policy.

Sacks recently commentary About the possibility of a Bitcoin reserve, which says: “Yes, we will evaluate that. We have not yet decided to do it, but we have to study that. “

Because Trump’s administration actively supports the acceptance of Crypto, the expectations are high that more states – and even other countries – will follow this example.

Meanwhile countries like Brazil” Japan” PolandAnd Russia Research similar reserve strategies because the role of Bitcoin continues to rise in the global financial stage.

Published by Sebastian Sinclair