Wyoming and Massachusetts are the latest U.S. states exploring the establishment of Bitcoin reserves, with new draft legislation proposed. In Wyoming, five Republican legislators seek to allow the state treasurer to invest public funds specifically in Bitcoin, capping investments at 3% of state funds. In contrast, Massachusetts’ proposal, introduced by Republican senator Peter Durant, suggests a more permissive approach, permitting up to 10% of the state’s rainy day fund to be allocated to Bitcoin or other digital assets. This legislative interest comes on the heels of Donald Trump’s re-election, as various states consider engaging with cryptocurrencies amidst a growing momentum for digital asset investment. Notably, Coinbase CEO Brian Armstrong has called for a U.S. Bitcoin strategic reserve, aligning with the notion that Bitcoin could play a crucial role in national security and the global economy.

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