Donald Trump

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Bitcoin

The cryptocurrency landscape in the U.S. signals the possibility of a massive Bitcoin Reserve emergence in 2025. President-elect Donald Trump’s pro-crypt stance has triggered a bullish market cycle since his victory. Additionally, more and more institutional players have embraced digital asset ownership, as seen by the surging figures in exchange-traded funds (ETFs).
This wave of adoption has seen a handful of U.S. states pushing for state-owned Bitcoin reserves. This drive comes following speculations that Trump might establish a national Bitcoin reserve.
<h2 id="b-florida-leads-the-charge-with-pro-crypto-momentum-b">Florida Leads the Charge with Pro-Crypto Momentum</h2>
Some states, including Florida, could establish a strategic Bitcoin reserve in the first quarter of 2025. In a<a href="https://x.com/samuelarmes/status/1864059964928442424" rel="noopener noreferrer nofollow"> post</a> on X, Samuel Armes, President of the Florida Blockchain Business Association (FBBA), highlighted possible avenues to embrace Bitcoin. These include budget surplus and<a href="https://thecoinrise.com/florida-considers-bitcoin-for-state-pension-investments-amid-growing-appeal/" rel="noopener noreferrer nofollow"> state pension investment.</a>
He noted that with a $116.5 billion budget surplus for the financial year 2024-25, Florida could invest responsibly in Bitcoin without cutting essential services. “Investing just ONE percent of our surplus would be $1.165 billion,” Armes stated.
He assured that FBBA would push for the actualization of this move along with three pro-Bitcoin bills for legislative action. Interestingly, Danny Perez, Speaker of the Florida House, and Ben Albritton, the President of the Senate, are both pro-crypto. Additionally, Ron DeSantis, governor of Florida, is also pro-Bitcoin.
<h2 id="b-some-states-explore-bitcoin-etfs-b">Some States Explore Bitcoin ETFs</h2>
Meanwhile, Pennsylvania is also looking to develop its own Strategic Bitcoin Reserve Act, which was introduced last month.&nbsp;
Co-sponsor of the bill, State Representative Mike Cabell, believes it is a way to diversify investments and hedge against inflation. As per the proposal, Pennsylvania could invest as much as 10% of its General Fund into Bitcoin.
Other states like Wisconsin and Michigan have chosen an indirect route to Bitcoin exposure. The two states are<a href="https://thecoinrise.com/spot-bitcoin-etf-props-up-traditional-investments-binance-exec/" rel="noopener noreferrer nofollow"> exploring ETFs and trusts</a>. The State of Wisconsin Investment Board has ploughed over $220 million of capital into Grayscale and BlackRock Bitcoin ETF shares.
<h2 id="b-national-bitcoin-reserve-sparks-debate-b">National Bitcoin Reserve Sparks Debate</h2>
As per Michigan’s recent filings with the Securities and Exchange Commission (SEC), it holds $11 million in Ark 21Shars Bitcoin ETF. Its Ethereum holdings signal a more bullish stance. Michigan has over $33 million (920,000 shares) worth of assets across two Grayscale Ethereum trusts.
It remains to be seen how President-elect Donald Trump will implement the national Bitcoin reserve proposal. However,<a href="https://thecoinrise.com/lawrence-summers-slams-trumps-bitcoin-reserve-proposal-as-politically-driven/" rel="noopener noreferrer nofollow"> Lawrence Summers, Former U.S. Treasury Secretary, has critiqued the move</a>, calling it politically motivated and impractical. Summers maintains a national Bitcoin reserve, which would not benefit the U.S.
The post <a href="https://thecoinrise.com/u-s-states-to-lead-in-bitcoin-reserve-amid-federal-speculations/" rel="noopener noreferrer nofollow">U.S. States to Lead in Bitcoin Reserves Amid Federal Speculations</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

U.S. States to Lead in Bitcoin Reserves Amid Federal Speculations

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