State Bitcoin Treasury Reserves

"A legally protected US reserve could strengthen the argument for Bitcoin as a strategic asset and potentially encourage other governments to consider similar policies."

"The ARMA Act seeks to switch the strategic Bitcoin reserve from an executive policy into a permanent legal framework, which could reduce the risk of future administrations reversing the policy and selling government-held Bitcoin. The policy remains vulnerable to a change in administration because an executive order can be reversed."

"President Donald Trump's executive order established a Strategic Bitcoin Reserve funded by forfeited assets... Treasury Secretary Scott Bessent said last year that the government would stop selling the confiscated Bitcoin."

"The government's bitcoin holdings would be a long-term investment. Trump and his administration has called it a strategic reserve, though it doesn't fit the usual definition of that phrase, because it's meant to be held for a long period and not doled out during market emergencies."

"The bill would require all bitcoin deposited into the fund to be held for at least five years from the date it enters state custody."

"The central provision would permit the state treasurer to invest money from two state funds in cryptocurrency: the general fund and the countercyclical budget and economic stabilization fund."

"The bill would authorize the state treasurer to invest in bitcoin or digital assets using money that is unexpended, unencumbered, or uncommitted and deposited in accounts identified by the measure."

"The bill would establish the Community Bitcoin Reserve Program inside DCEO rather than as a general-purpose state treasury reserve."

"SB 327 would establish a strategic Bitcoin reserve for North Carolina and place Bitcoin acquired with authorized public funds into that reserve."

"If enacted, HB1844 would create a special State treasury fund called the Strategic Bitcoin Reserve Fund."