Looking to solidify Wyoming's position at the forefront of bitcoin innovation, freshman representative Jacob Wasserburger (<a target="_blank" href="https://x.com/Jacob4Wyoming”>@jacob4wyoming) has entered the “Law on investing state funds in bitcoin” (HB0201), a bill aimed at creating a Strategic bitcoin Reserve for the state. Following in the footsteps of the groundbreaking bitcoin legislation previously passed in Wyoming, this bill seeks to secure the state's financial future and pave the way for broader national adoption.
Wyoming: a tradition of innovation
“Wyoming has always been a pioneer: from women's suffrage to the first national park; from the invention of LLCs, to the frontier of digital assets,” Wasserburger commented when presenting the bill. “HB0201 ensures that Wyoming remains the leading state for legislative innovation in bitcoin, while providing our citizens with the long-term benefits of sound currency and financial sovereignty.”
HB0201 would allow the allocation of a portion of Wyoming state funds to bitcoin as part of a diversified investment strategy. In doing so, the State aims to capitalize on bitcoin's long-term appreciation potential while promoting its principles of decentralization and monetary resilience. The initiative aligns with Wyoming's established reputation as the most bitcoin-friendly jurisdiction in the United States, a legacy cultivated by laws such as the Wyoming Special Purpose Depository Institution (SPDI) framework, and includes more than two dozen of other laws and regulations approved or promulgated. since 2018.
National Collaboration: Support for Senator Lummis and President-Elect Trump
Rep. Wasserburger's ambitions extend beyond Wyoming. The freshman lawmaker emphasized the importance of supporting Wyoming Senator Cynthia Lummis and President-elect Donald Trump's efforts to establish a Strategic bitcoin Reserve in the United States.
“As a proud supporter of the efforts of Senator Lummis and President-elect Trump, I believe Wyoming can play a vital role in this national initiative,” Wasserburger said. “Building a strategic bitcoin reserve is not just about ensuring financial strength, but ensuring that both Wyoming and the United States remain leaders on the world stage.”
This collaboration underlines the growing recognition of bitcoin as a geopolitical asset. Proponents argue that holding bitcoin as a reserve asset could protect against inflation, protect against economic instability, and strengthen the United States' position in an increasingly digital global economy.
The economic argument for a strategic bitcoin reserve
At the heart of HB0201 is an economic argument that is as compelling as it is revolutionary. bitcoin, often described as “digital gold,” has demonstrated remarkable resilience and growth over the past decade. For Wyoming, a state that has consistently championed financial independence and innovation, bitcoin's positive potential aligns with its long-term vision.
“We cannot afford to sit on the sidelines while other states, like Texas, Pennsylvania, North Dakota, New Hampshire and others are moving forward with their own bitcoin reserve notes,” Wasserburger said. “The rapid passage of HB0201 ensures that Wyoming remains a leader among states, setting the standard for innovation and financial sovereignty. With many other states likely to follow suit, now is the time to solidify our position as pioneers in the digital economy and ensure Wyoming remains ahead of the curve.”
“Wyoming's economic future depends on embracing innovation while remaining true to our principles of individual freedom and financial independence,” Wasserburger said. “Investing in bitcoin isn't just smart policy — it's Wyoming's way of saying we're prepared for the future.”
At a time when states are struggling with economic uncertainty and inflationary pressures, bitcoin's fixed supply and decentralized nature offer a stark contrast to traditional financial systems. By adopting HB0201, Wyoming positions itself as a leader not only in regulating bitcoin, but also in integrating bitcoin into the financial apparatus of state governance.
This is a guest post by Colin Crossman. The opinions expressed are entirely their own and do not necessarily reflect those of btc Inc or bitcoin Magazine.
