I am proud to say I have released my bill that would allow the State of South Dakota to invest in Bitcoin.
Strong money. Strong state.
More than half of the portfolio is currently allocated to public equities, with smaller portions invested in areas such as real estate and debt.
Spurred on by President Donal Trump’s embrace of crypto, multiple states have moved to introduce their own crypto reserve bills, often backed by pro-Trump lawmakers such as Manhart.
That bill was read in February and referred to the House Commerce and Energy Committee, which voted 9–3 to “defer to the 41st legislative day.” The maneuver is used in South Dakota’s 40-day legislative sessions to kill a bill by postponing consideration until after the session ends.
Bitcoin state reserves in the U.S.To date, only three states—Arizona, New Hampshire, and Texas—have enacted Bitcoin reserve legislation. But implementation has been limited.
