To cement Wyoming’s position at the forefront of Bitcoin innovation, first-year Representative Jacob Wasserburger (@jacob4wyoming) has introduced the “State Funds-Investment in Bitcoin Act” (HB0201), a bill aimed at creating a Bitcoin Strategic Reserve for the state. Following in the footsteps of groundbreaking Bitcoin legislation previously passed in Wyoming, this bill seeks to secure the state’s economic future while paving 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 the LLC, to the frontier of digital assets,” Wasserburger noted as he introduced the bill. “HB0201 ensures that Wyoming remains the leading state for regulatory innovation in Bitcoin, while providing our citizens with the long-term benefits of sound money and financial sovereignty.”
HB0201 would allow the allocation of a portion of Wyoming’s state funds to Bitcoin as part of a diversified investment strategy. By doing so, the state aims to tap into 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 other laws and regulations enacted or enacted. since 2018.
National collaboration: Support for Senator Lummis and President-elect Trump
Representative Wasserburger’s ambitions extend beyond Wyoming. The newly graduated lawmaker emphasized the importance of supporting the efforts of Wyoming Senator Cynthia Lummis and President-elect Donald Trump 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 critical role in this national initiative,” Wasserburger said. “Building a strategic Bitcoin reserve isn’t just about ensuring financial strength — it’s about ensuring that both Wyoming and America remain leaders on the global stage.”
This collaboration underscores the growing recognition of Bitcoin as a geopolitical asset. Proponents argue that holding Bitcoin as a reserve asset can hedge against inflation, protect against economic instability and strengthen America’s position in an increasingly digital global economy.
The Economic Case for a Strategic Bitcoin Reserve
At the heart of HB0201 lies an economic argument as compelling as it is revolutionary. Bitcoin, often described as “digital gold”, has shown remarkable resilience and growth over the past decade. For Wyoming, a state that has consistently championed economic independence and innovation, the potential benefit of Bitcoin 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 move forward with their own Bitcoin reserve bills,” Wasserburger said. “Passage of HB0201 quickly ensures that Wyoming remains a state leader, setting the standard for financial innovation and sovereignty. With many other states likely to follow suit, now is the time to solidify our position as a pioneer in the digital economy and ensure Wyoming stays ahead of the pack.”
“Wyoming’s economic future depends on embracing innovation while staying true to our principles of individual freedom and economic independence,” Wasserburger said. “Investing in Bitcoin isn’t just smart politics — it’s Wyoming’s way of saying we’re ready for the future.”
At a time when states are struggling with economic uncertainty and inflationary pressures, Bitcoin’s fixed supply and decentralized nature provide a stark contrast to traditional financial systems. By passing HB0201, Wyoming is positioning itself as a leader not only in Bitcoin regulation, but in the integration of Bitcoin into the financial apparatus of state governance.
This is a guest post by Colin Crossman. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.