Donald Trump and his political allies Get rid of Bitcoin storage plans At the national level in the US Department of the Treasury.

Now, with asset prices repeatedly hitting new highs since Election Day, some US states are following suit.

So far, three states are submitting proposals to create a strategy Bitcoin reserves, while digital asset advocates are calling on other local governments to follow suit.

Here are the countries considering filling their coffers with the world's oldest and most valuable digital currency.

Texas

Texas lawmakers will soon consider whether or not they should create a strategic bitcoin reserve.

Texas state representative giovanni capriglione proposed a bill in december calling for Lone Star State to build bitcoin stock.

The bill stipulates that Texas must hold bitcoin for at least five years. Cryptocurrency must be kept in cold storage, meaning on a device that is not connected to the Internet, and the assets cannot be used to conduct transactions outside of Texas, according to the bill.

“The Bitcoin Strategic Reserve is consistent with Texas’ commitment to fostering innovation in digital assets and providing Texans with enhanced financial security,” the bill reads.

Finally, the proposal also enables Texans to donate to the state's Bitcoin fund.

Pennsylvania

Pennsylvania House of Representatives The bill was introduced in November Which called for the creation of a strategic reserve for Bitcoin.

Under the Bitcoin bill, Pennsylvania's state treasurer would be able to purchase bitcoin "up to 10%" from the state's general fund, the Rainy Day Fund, and the state investment fund.

Tapping 10% of the state's general fund will allow Pennsylvania's state treasury to purchase nearly $1 billion in bitcoin.

“Bitcoin, whose value has risen dramatically over the years, could help Pennsylvania keep pace with inflation and economic change,” state lawmakers said. He said In a legislative memorandum published on November 12.

Ohio

Ohio State Representative Derek Mirren on December 17 proposed a bill to... Establishment of a strategic Bitcoin reserve in Buckeye State.

Ohio's Bitcoin Reserve Act calls for the creation of a Bitcoin fund in the state treasury. It also gives the Ohio State Treasurer discretion to purchase the asset.

“Ohio must embrace technology and protect our tax dollars from erosion,” Merin said He said Tuesday in Post X.

Although some details about how the reserve will work are still unclear, the draft legislation is expected to serve as a framework for Ohio lawmakers to put in place in 2025.

Modified by Andrew Hayward