Wyoming

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Bitcoin States

Wyoming is widely considered the most Bitcoin and crypto-friendly state in the US, having passed over 30 blockchain-related laws since 2018. The state created the Special Purpose Depository Institution (SPDI) charter — enabling the first US Bitcoin banks like Custodia Bank — and established legal property rights for digital asset holders. Wyoming's DAO legislation gave DAOs legal status as LLCs. Senator Cynthia Lummis, the most prominent Bitcoin advocate in the US Senate, represents Wyoming and has championed federal Bitcoin legislation.

Details

State: Wyoming
Region: Mountain West
Status: historically_pro
Notable: Wyoming passed 25+ crypto laws; home to Custodia Bank; created SPDI charter for crypto banks; DAO LLC recognition; premier US crypto jurisdiction
Governor: Mark Gordon
Income Tax: No
Bill Number: SB 327
Description: Wyoming has been the US pioneer for Bitcoin-friendly legislation since 2019, enacting 30+ blockchain/digital asset laws. Established first SPDI (Special Purpose Depository Institution) charter for crypto banks.
Legislation: DAO laws, SPDI banking charter
Abbreviation: WY
Bitcoin Reserve Law: No
Pioneer Legislation: 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.