States across the US are racing to prove they can put Bitcoin on public balance sheets, with Texas and New Hampshire leading the charge.

US states, led by Texas and New Hampshire, are racing to establish bitcoin strategic reserves and bring cryptocurrencies onto their balance sheets. Multiple states have passed legislation to allow their treasurers to invest in crypto ETFs, with others in the process of review. The move is seen as a way for states to signal their support for innovative business development in the digital economy.