The Wyoming Highway Patrol Association (WHPA) is reportedly considering adding Bitcoin to its balance sheet, in partnership with Bitcoin education platform Proof of Workforce’s “Get Off Zero” initiative.
Proof of Workforce founder Dom Bei explained that Bitcoin is a reliable and stable long-term tool for workers and wage-earners, as the unpredictable fiat-based monetary system continues to expand and change.
Should the plan go ahead, this may be the first time a law enforcement association in the United States has adopted Bitcoin. The plan has received full support from Wyoming Senator Cynthia Lummis, who introduced the Bitcoin reserve bill at the federal level last July.
WHPA vice president Austin Bluemel said the organization is “excited to explore Bitcoin as a network and asset, to evaluate ways it can further support our organization and its members.”
Wyoming introduced its own strategic Bitcoin reserve bill on Jan. 17 that would invest up to 3% of the state’s funds in Bitcoin. Other states, including Arizona, Illinois, Kentucky, Maryland, New Hampshire, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Texas, and Utah, have also introduced bills for a Bitcoin reserve.
Satoshi Action Fund CEO Dennis Porter has tipped Utah to be the first US state to adopt a Bitcoin reserve, citing the state’s shorter legislative window calendar and “political momentum.”
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2025-02-13 05:38