Lawmakers in South Dakota are considering House Bill 1155, allowing the state to invest up to 10% of public funds in Bitcoin.
According to the bill, investments can be made through:
🔹 Direct custody of Bitcoin
🔹 Custody units that meet standards
🔹 Bitcoin ETF products
👉 This step shows that Bitcoin is no longer seen just as a speculative asset, but is gradually being incorporated into the framework of public financial management.
📜 Not just South Dakota: many states in the US are 'opening up' to Bitcoin
🔹 Rhode Island
Earlier this month, the state proposed Senate Bill S2021, aiming to:
Income tax & capital gains tax exemption for small Bitcoin transactions
Limit: 5,000 USD/month and 20,000 USD/year
📌 The goal is to encourage the use of Bitcoin in daily payments, rather than just holding it speculatively.
🔹 New Hampshire
In May 2025, New Hampshire became the first state in the US to allow:
State treasury investing in Bitcoin and large-cap digital assets
Maximum rate: 5% of a portion of the public budget
According to House Bill 302, Bitcoin is currently eligible for investment as it meets the market capitalization criteria.
🔍 Personal perspective
The fact that many states:
Allow budget investment in BTC
Or reduce taxes to encourage the use of Bitcoin
👉 Shows that Bitcoin is gradually being seen as:
A strategic reserve asset
And part of a new financial infrastructure, rather than a threat to be eliminated
📌 This is a type of 'silent adoption' that has much longer-term impacts than the short-term statements from the federal government.
❓ A question for you
According to you:
Will US states investing budgets in Bitcoin create a domino effect?
Or will it only stop at a few small, experimental states?
💬 Share your thoughts.
