Kentucky has become the 16th US state to introduce a local Bitcoin reserve bill, allowing up to 10% of state funds to be invested in digital assets with a market cap over $750 billion. While the reserve is not restricted to Bitcoin, it is currently the only digital asset that meets the requirements. Similar bills have been introduced in Missouri and Iowa, while Utah's Bitcoin reserve law is leading the race after passing the House and moving to the Senate. Despite the introduction of several strategic Bitcoin reserve bills, none have been enacted so far, with bills failing in North Dakota and Wyoming. Polymarket's odds of a national Bitcoin reserve bill being created in 2025 have dropped to 45%.



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