Colorado

Bitcoin States

Colorado became one of the first US states to accept cryptocurrency for state tax payments in 2022, allowing residents to pay income taxes, vehicle registration fees, and other state obligations using Bitcoin and other cryptocurrencies via PayPal. The state has a progressive approach to digital assets and has passed multiple blockchain-friendly regulations. Colorado is also home to a thriving Bitcoin startup ecosystem in Denver.

Details

State: Colorado
Region: Mountain West
Status: historically_pro
Governor: Jared Polis
Income Tax: Yes
Bill Number: HB 1049 (2023)
Description: Colorado passed HB 1049 (2023) allowing residents to pay state taxes in cryptocurrency. One of the first states to accept Bitcoin for tax payments.
Legislation: Accepts crypto for state tax payments (2022)
Abbreviation: CO
Bitcoin Tax Payments: Yes
Bitcoin Mining Rights: Yes
Bitcoin Friendly Score: high

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Arizona

Arizona signed limited Bitcoin reserve legislation allowing the state to hold Bitcoin from seized or forfeited assets, rather than purchasing it outright. This establishes a legal framework for Arizona to become a state Bitcoin holder through law enforcement activities. Arizona also considered more expansive Bitcoin reserve bills that would allow active treasury purchases, but these faced additional hurdles. Arizona's large retirement system (PSPRS) managing over $14 billion makes any state-level Bitcoin allocation strategically significant.

New Hampshire

New Hampshire became the first US state to sign a Bitcoin strategic reserve law into effect, with Governor Kelly Ayotte signing HB 302 in 2025. The law allows the state treasurer to invest up to 5% of certain state funds in Bitcoin and precious metals. Consistent with its "Live Free or Die" motto and libertarian political culture, New Hampshire also hosts the Free State Project — a movement of libertarians relocating to the state — many of whom are Bitcoin advocates.

Texas

One of the most Bitcoin-friendly states. Passed strategic Bitcoin reserve legislation and purchased ~$5M in BlackRock Bitcoin ETF (Nov 2025). Home to major mining operations and a supportive regulatory environment.