Illinois
Bitcoin States
Illinois is home to the Chicago Mercantile Exchange (CME Group), where the world's first regulated Bitcoin futures contracts launched in December 2017 — a watershed moment for Bitcoin's institutional adoption. The Illinois State Board of Investment has Bitcoin ETF exposure through pension fund allocations. In 2025, HB 4637 was introduced to create a Bitcoin strategic reserve for the state. Chicago's financial infrastructure makes Illinois central to Bitcoin's integration into traditional finance.
Details
- State
- Illinois
- Status
- emerging
- Capital
- Springfield
- Country
- USA
- Notable
- CME Group — world's first regulated Bitcoin futures (Dec 2017); ISBI pension BTC ETF exposure
- Governor
- JB Pritzker
- Income Tax
- Yes
- Bill Number
- HB 1023
- Description
- Illinois proposed HB 1023 to invest state pension funds in Bitcoin ETFs. Chicago hosts a major Bitcoin derivatives market (CME).
- Legislation
- HB 4637 BTC strategic reserve (introduced 2025)
- Abbreviation
- IL
- Reserve Proposed
- Yes
- Cme Bitcoin Futures
- Yes
- Population Millions
- 12.6
- Bitcoin Reserve Bill
- Yes
- Bitcoin Mining Rights
- No
- Bitcoin Friendly Score
- medium
More Bitcoin States
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.
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