News View Non-AMP

Maryland Proposes Bitcoin Reserve Fund as Crypto Adoption Grows

Published by
Nidhi Kolhapur

Maryland is taking a big step toward Bitcoin adoption. State Delegate Caylin Young has introduced the Strategic Bitcoin Reserve Act of Maryland, aiming to make Bitcoin part of the state’s financial assets.

This move highlights a growing trend among U.S. states looking to diversify reserves with digital currencies and use Bitcoin as both an investment and a hedge against inflation.

The proposed Bitcoin Reserve Fund would allow Maryland to invest in Bitcoin as a state-held asset. Additionally, the bill suggests that funds collected from certain gambling violation enforcements could be used to buy Bitcoin, giving the state another way to build its crypto reserves.

Kentucky Joins the Bitcoin Legislation Trend

Maryland isn’t the only state moving in this direction. Kentucky recently introduced a similar bill – KY HB376 – on February 6. The bill, backed by State Representative Theodore Joseph Roberts, proposes letting the State Investment Commission allocate up to 10% of excess state reserves into Bitcoin and other digital assets.

Kentucky is now the 16th U.S. state to introduce Bitcoin reserve legislation, following in the footsteps of Arizona, Alabama, Florida, Massachusetts, Missouri, New Hampshire, North Dakota, South Dakota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, Kansas, and Wyoming. Just a week earlier, Illinois announced its own Bitcoin reserve proposal, calling for a minimum five-year BTC holding strategy.

Missouri Enters the Race

Momentum is growing across the U.S. as more states consider adding Bitcoin to their financial strategies. Missouri Representative Ben Keathley recently introduced House Bill 1217, which calls for a Bitcoin Strategic Reserve Fund to diversify the state’s investments.

Bitcoin – The Best Asset for the Future?

The rise in Bitcoin reserve legislation shows how fast digital assets are gaining mainstream acceptance. As more states explore Bitcoin as a financial tool, this could mark a major shift in how governments think about stability and innovation.

With Bitcoin adoption picking up speed, the future of state finances is looking more digital than ever. Will more states follow this path? The trend suggests the answer is yes.

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Recent Posts

How a New Pi Coin Seller is Listing 3 Coins for $314,159 Each on OKX

Pi Coin (PI) is currently trading at $0.65, up slightly by more than 1% at…

April 25, 2025

PEPE Price Prediction 2025, 2026 – 2030: Can Pepe Memecoin Reach 1 Cent?

Story Highlights The live price of the PEPE meme coin is . Pepe coin price…

April 25, 2025

Bitcoin Whale Profits $4.7M from 50 BTC Mined 15 Years Ago

A Bitcoin whale just woke up, moving 50 BTC mined over 15 years ago, now…

April 25, 2025

Mercari’s Mercoin Exchange Rolls Out XRP Trading with Wallets Starting at 1 Yen

Mercoin, a Japanese crypto services provider and subsidiary of Mercari Inc., has recently expanded its…

April 25, 2025

Bitcoin Price Prediction for Today: Will the BTC Price Reclaim $94,000 Before the Day’s Close?

The crypto market displayed a blend of bullish momentum and sector-driven outperformance, signaling a potential…

April 25, 2025

XRP News Today : Ripple IPO Plans On Hold Says Ripple President, Monica Long

Ripple News April 25th: Despite ongoing buzz and years of speculation, Ripple has confirmed it…

April 25, 2025