South Dakota is expected to begin debating a bill that seeks to add Bitcoin to its financial reserves, a move that would officially recognize the crypto as part of the state’s assets.
“I am proud to say I will be bringing a bill in the South Dakota House that would create a strategic Bitcoin reserve,” Logan Manhart, South Dakota’s State Representative, wrote on X on Tuesday. “Now is one of the few chances government has at being proactive.”
A timeframe for when the bill would be introduced into the state’s House of Representatives was not provided. Decrypt has reached out to learn more about the timing and details of the bill.
The state-level push for Bitcoin reserves is closely tied to President Donald Trump’s pro-crypto stance, which has led to renewed interest in integrating Bitcoin into U.S. financial policy.
South Dakota’s move comes as at least a dozen other states plan to introduce or have proposed similar legislation, including Texas, Florida, Pennsylvania, Ohio, and Arizon…
