South Dakota Eyes Bitcoin Reserves Amid Nationwide Crypto Push

South Dakota is gearing up to discuss a groundbreaking bill that could see Bitcoin added to its financial reserves, marking a significant step toward state-level crypto adoption.

State Representative Logan Manhart took to X on Tuesday to announce his initiative, stating, “I am proud to say I will be bringing a bill in the South Dakota House that would create a strategic Bitcoin reserve. Now is one of the few chances government has at being proactive.”

While the exact timeline for the bill’s introduction remains unclear, the move aligns with a growing trend among U.S. states seeking to integrate Bitcoin into their financial frameworks.

This surge of interest is largely fueled by former President Donald Trump’s pro-crypto stance, which has encouraged legislative efforts across the country. South Dakota now joins a wave of states, including Texas, Florida, Pennsylvania, and Ohio, that have either proposed or plan to introduce similar Bitcoin reserve bills.

Pennsylvania led the charge in November 2024, with Florida, Texas, and Ohio following suit in December. By January 2025, North Dakota, New Hampshire, Oklahoma, Massachusetts, Wyoming, and Utah had also entered the fray.

Arizona has taken one of the most aggressive approaches so far, advancing a bill that would allocate up to 10% of public funds to Bitcoin reserves upon full approval.

Trump himself has played a central role in this movement, having pledged during his campaign in November to establish a national Bitcoin stockpile, reinforcing his vision of the U.S. as the world’s leading crypto hub.

South Dakota’s upcoming debate signals yet another step in the accelerating race for Bitcoin adoption at both state and national levels.