Lawmakers in Kentucky and South Dakota are preparing to introduce legislation to establish a Bitcoin (BTC) reserve in the next few weeks, according to statements made on Jan. 28.

South Dakota Representative Logan Manhart announced that he will introduce a bill in the South Dakota House to create a strategic Bitcoin reserve. He added that this is “one of the few chances” the government has at being proactive.

Meanwhile, Kentucky Representative TJ Roberts said he will propose a similar legislation in the first week of his return to the General Assembly.

Several states have introduced similar legislation in an effort to front-run the federal government, which is now looking at the feasibility of a crypto reserve after President Donald Trump signed an executive order to do so on Jan. 23.

Wyoming and Massachusetts are the latest among eight states that have introduced Bitcoin-related legislation since December 2024.

Just the beginning

Dennis Porter, CEO and co-founder of the Satoshi Action Fund revealed on Jan. 27 that the Bitcoin reserve bill introduced in Arizona by Senator Wendy Rogers and Representative Jeff Weninger was the first to pass out of committee and go for a floor vote in the Senate.

the information on Jan. 27.

Meanwhile, Representatives Mike Cabell, Giovanni Capriglione, and Derek Merrin introduced plans for state investments in Bitcoin in Pennsylvania, Texas

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Author: Gino Matos