Almost half of the state governments in the U.S. are either on a path toward putting some of their money into crypto or already have, and much of a suddenly booming interest in tying their financial futures to the digital-assets markets has come after U.S. President Donald Trump showed support for a national stockpile of digit assets.
In the surge of crypto legislative or financial efforts at the state level, 21 states are investing or looking into investing — generally in the industry’s leading token, bitcoin (BTC), and sometimes also in less volatile stablecoins that are designed to match the value of the U.S. dollar, according to a CoinDesk analysis. With states such as Arizona, Pennsylvania, Utah and Texas already digging into legislation to open public funds to buy cryptocurrencies, such initiatives may outpace the effort in Congress targeting a so-called Strategic Bitcoin R
Sixteen state legislatures are looking at bills to either establish digital assets stockpiles or to…
