Almost half of US state governments are considering or already investing in cryptocurrencies, particularly bitcoin, following President Donald Trump's endorsement of a national digital asset stockpile. At least 21 states are exploring or investing in the industry, with 16 legislatures looking at bills allowing state retirement funds to invest in crypto and others instructing treasurers to spend up to 10% of their funds on a strategic reserve. The interest from states, which could lock away billions of dollars of crypto assets, is supported by Republican-majority governments and driven by diversification and technological innovation. Critics argue that such investments could be disastrous for taxpayers.



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