Washington State

Bitcoin States

Washington State is a Pacific Northwest tech hub home to Microsoft, Amazon, and a thriving Bitcoin startup ecosystem. In 2023, HB 1497 passed to protect Bitcoin miners' rights by prohibiting discriminatory utility rates targeting crypto mining. The state has a favorable no-income-tax policy and abundant hydroelectric power that has attracted significant Bitcoin mining operations in eastern Washington. Seattle hosts several notable Bitcoin companies and one of the most active Bitcoin meetup communities in the US.

Details

State
Washington State
Status
friendly
Capital
Olympia
Country
USA
Notable
No state income tax; abundant hydroelectric power for mining; Microsoft, Amazon Bitcoin ecosystem
Governor
Bob Ferguson
Income Tax
No
Bill Number
SB 5490
Description
Washington State has a friendly tech environment with no formal Bitcoin reserve legislation. SB 5490 addressed digital asset regulations for financial institutions.
Legislation
HB 1497 Bitcoin mining protection (2023)
Abbreviation
WA
Hydro Mining
Yes
Right To Mine
Yes
Population Millions
7.7
Bitcoin Mining Rights
Yes
Bitcoin Friendly Score
medium

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