Donald Trump and his political allies are disconnect from Bitcoin storage projects at the national level within the US Treasury.

And now, as the asset’s price has repeatedly climbed to new highs since Election Day, some US states are following suit.

So far, three states are presenting proposals to establish Bitcoin reservations, while digital asset advocates call on other local governments to do the same.

Here are which states plan to replenish their coffers with the world’s oldest and most valuable digital currency.

Texas

Texas lawmakers will soon vote on whether or not to establish a strategic Bitcoin reserve.

Texas State Representative Giovanni Capriglione proposed a bill in December calling for the Lone Star State to create a Bitcoin stock.

The bill states that Texas must hold Bitcoin for at least five years. Cryptocurrency must be kept in cold storage, meaning on a device not connected to the Internet, and assets cannot be used to transact outside of Texas, according to the bill.

“A strategic Bitcoin reserve aligns with Texas’ commitment to fostering innovation in digital assets and providing Texans with enhanced financial security,” the bill states.

Finally, the proposal also allows Texans to donate to the state’s Bitcoin fund.

Pennsylvania

The Pennsylvania House of Representatives introduced a bill in November which called for the creation of a strategic Bitcoin reserve.

Under the Bitcoin bill, Pennsylvania’s treasurer could purchase Bitcoin with “up to 10%” of the state’s General Fund, Rainy Day Fund and State Investment Fund.

Using 10% of the state’s General Fund would allow the Pennsylvania Treasury to purchase nearly $1 billion worth of Bitcoin.

“Bitcoin, which has appreciated significantly over the years, can help Pennsylvania keep pace with inflation and economic change,” state lawmakers said. said in a legislative note published on November 12.

Ohio

On December 17, Ohio State Representative Derek Merrin proposed a bill to establish a strategic Bitcoin reserve in the Buckeye State.

The Ohio Bitcoin Reserve Act calls for the creation of a Bitcoin fund within the state Treasury. It also gives the Ohio State Treasurer discretion to purchase the asset.

“Ohio must embrace technology and protect tax dollars from erosion,” Merrin said Tuesday in an X post.

Although some details about how the reserve will work remain unclear, the bill is expected to serve as a framework for Ohio lawmakers to develop in 2025.

Edited by Andrew Hayward