Wyoming lawmakers have introduced House Bill 0201, which aims to allow up to 3% of state funds to be invested in Bitcoin.

the invoice It will apply to key funds, such as the General Fund and the Permanent Minerals Trust Fund, marking a potential milestone in the management of public funds.

If approved, the state treasurer can invest directly in Bitcoin (Bitcoin) through secure custody solutions, registered custodians, or exchange-traded products.

To ensure security, the draft law imposes strict custodial protocols, including the storage of an encrypted private key that can only be accessed by the cashier. In addition, annual performance reports covering Bitcoin holdings, market valuations and custody arrangements will be required.

This proposal is consistent with Wyoming's broader embrace of blockchain and cryptographic technologies, which enhances its reputation as a cryptocurrency-friendly country. While other states explore similar initiatives, Wyoming could become one of the first states to formalize Bitcoin investments for public funds.

Wyoming Blockchain Initiative

Back in December 2024, Wyoming Blockchain developers needed For government support Stable coin WYST Project initiative.

The Wyoming Stable Token Commission has issued requests for qualifications (RFQs) to attract blockchain developers for roles in token development, support, and other key areas.

Stablecoins, which maintain a 1:1 value, are essential in the $200 billion cryptocurrency market. Proposals for the project were due to be submitted by December 12, and the stablecoin is expected to be launched on multiple blockchain networks.