Illinois Republican John Cabello introduced a new bill to create a strategic bitcoin reserve through the state treasury, joining at least six other U.S. states exploring the option. Proponents of strategic bitcoin reserves tout their ability to offer states greater financial sovereignty and autonomy away from a central bank.

A strategic reserve is a stock of a systemically important input which the economy depends on. Bitcoin is not systemically important and it wouldn't matter if it vanished

As the Trump administration explores a U.S. cryptocurrency stockpile, two Texas bills filed this session are looking to be at the forefront of establishing a strategic bitcoin reserve for the state.

Illinois has proposed a bill for a state-run Bitcoin reserve. The state has a goal to use the world’s first crypto as a financial savings technology. As of now, the bill requires a five-year holding period before conversions or sales can proceed.

President Donald Trump ordered the creation of a digital asset working group on Thursday which, among other things, would be tasked with exploring a U.S. cryptocurrency stockpile.

Ripple leadership and Bitcoin supporters are at a standoff over what a U.S. government strategic crypto reserve should look like.

Illinois lawmakers are now discussing a bill that would introduce a strategic Bitcoin reserve with a minimum five-year investment period.

Nine U.S. states have seen strategic Bitcoin reserve bills introduced. Pennsylvania was first, followed by Texas, Ohio, and New Hampshire followed. Is Florida next?

On the campaign trail, Trump pitched a national bitcoin stockpile, but it remains to be seen if he will fulfill this pledge.

Illinois has become the latest state to propose a Bitcoin reserve, joining a growing list of states advancing similar bills.