In an effort to strengthen Wyoming's position at the forefront of Bitcoin innovation, freshman U.S. Rep. Jacob Wasserberger (@jacob4wyoming) has launched a bill called the State Fund for Bitcoin Investment, which aims to create a state Bitcoin Strategic Reserve. Act” (HB0201). Following in the footsteps of a landmark Bitcoin bill previously passed in Wyoming, this bill aims to secure the state's fiscal future while paving the way for broader national adoption. .
Wyoming: A tradition of innovation
“Wyoming has always been a trailblazer, from women's suffrage to our first national park. From the invention of the LLC to the frontier of digital assets,” Wasserberger said when filing the bill. . “HB0201 ensures Wyoming remains a leading state in Bitcoin legislation while providing our citizens with the long-term benefits of sound money and financial sovereignty.”
HB0201 would allow Wyoming to allocate a portion of its state funds to Bitcoin as part of a diversified investment strategy. In doing so, the country aims to leverage Bitcoin's long-term value appreciation potential while promoting principles of decentralization and financial resilience. This effort is consistent with Wyoming's established reputation as one of the most Bitcoin-friendly jurisdictions in the United States, and the legacy cultivated through legislation such as the Wyoming Special Purpose Depositary (SPDI) Framework, which has not been passed or promulgated. Includes over 20 other laws and regulations that have been introduced since 2018.
Citizen Cooperation: Support from Senator Lummis and President-Elect Trump
Congressman Wasserberger's ambitions extend beyond Wyoming. The freshman lawmaker emphasized the importance of supporting Wyoming Sen. Cynthia Lummis and President-elect Donald Trump's efforts to establish a U.S. Strategic Bitcoin Reserve.
“As a proud supporter of the efforts of Senator Lummis and President-elect Trump, I believe Wyoming can play an important role in this national effort,” Wasserberger said. “Building a strategic Bitcoin reserve is not just about securing financial strength, it is about ensuring that both Wyoming and America remain leaders on the world stage.”
This partnership highlights Bitcoin's growing recognition as a geopolitical asset. Supporters argue that holding Bitcoin as a reserve asset can hedge against inflation, prevent economic instability and strengthen the United States' position in an increasingly digital global economy.
The Economic Case for Bitcoin Strategic Reserves
At the heart of HB0201 is an economic argument that is as compelling as it is revolutionary. Often described as “digital gold,” Bitcoin has shown remarkable resilience and growth over the past decade. For Wyoming, a state that has consistently championed fiscal independence and innovation, Bitcoin's potential upside aligns with the state's long-term vision.
“We cannot afford to stand idly by as other states, including Texas, Pennsylvania, North Dakota, and New Hampshire, develop their own Bitcoin reserve legislation,” Wasserberger said. “Passing HB0201 quickly will ensure that Wyoming remains a leader among states, setting the standard for financial innovation and sovereignty. Many other states are likely to follow suit. Now is the time to solidify our position as a pioneer in the digital economy and ensure Wyoming leads the way.”
“Wyoming's economic future depends on embracing innovation while remaining true to our principles of individual freedom and economic independence,” Wasserberger said. “Investing in Bitcoin is more than just smart policy, it’s a way for Wyoming to show it’s ready for the future.”
At a time when countries are grappling with economic uncertainty and inflationary pressures, Bitcoin's fixed supply and decentralized nature stand in stark contrast to traditional financial systems. By adopting HB0201, Wyoming established itself as a leader in not only regulating Bitcoin, but also integrating Bitcoin into the state's financial institutions.
This is a guest post by Colin Crossman. The opinions expressed are entirely their own and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.
