Bitcoin Reserve Efforts by States Are Little More Than Noise

Instead of waiting to see whether Donald Trump follows through on his endorsement of a national “strategic’ Bitcoin stockpile, states are taking matters into their own hands.

As local legislative sessions get underway, eight states have already introduced bills proposing crypto reserves. And while the push to ensure that state governments hold Bitcoin in one form or another has generated momentum among long-time crypto advocates, the clamor may not be more than just loud noise.

“The Blockchain people are way off base here,” Randy Erben, an adjunct professor at the University of Texas School of Law, said of ...