South Dakota State Representative Logan Manhart has announced plans to introduce a bill to create a strategic bitcoin reserve in South Dakota. This move follows a growing trend among U.S. states, with six other states proposing similar bills. Manhart believes that creating a bitcoin reserve could help legitimize the cryptocurrency and boost its mainstream adoption. In addition, U.S. President Donald Trump has signed an executive order aimed at advancing cryptocurrency adoption and developing a national digital asset stockpile to enhance financial stability. This has given hope to crypto enthusiasts who want to see bitcoin become a national reserve alongside other assets like gold. The executive order does not provide specific details on how this stockpile would be established, but David Sacks, Trump's newly appointed crypto and AI czar, has been tasked with assessing the potential of using seized cryptocurrency for this purpose. Currently, the U.S. has around 200,000 bitcoins in its possession, worth approximately $21 billion.



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