BPOI Banner
Bitcoin Must Overcome Serious Sell Wall to Hit $100K Price: Analysts Bitcoin Must Overcome Serious Sell Wall to Hit $100K Price: Analysts

Wyoming Highway Patrol Association Considers Buying Bitcoin

A U.S. law enforcement agency might soon add BitcoinBitcoinBitcoin to its balance sheet for the first time.

The Wyoming Highway Patrol Association, which supports officers and staff across the state, is evaluating whether to start investing in this digital asset.

“We are excited to explore Bitcoin as a network and asset, to evaluate ways it can further support our organization and its members,” WHPA vice president Austin Bluemel said.

The highway association has joined an organization called “Proof of Workforce,” playing on the name of Bitcoin’s consensus mechanism.

The non-profit aims to increase BTC adoption across workers, unions, and pension funds—citing research that suggests 60% of consumers live paycheck to paycheck.

Proof of Workforce was founded by California firefighter Dom Bei, who helped the Santa Monica Firefighters Union to self-custody Bitcoin. The highway patrol association said it would seek to self-custody a portion of their holdings, if they do ultimately buy Bitcoin.

“Similar to a chaotic and unpredictable emergency situation, Bitcoin remains a reliable and stable long-term tool for workers and wage-earners amidst an ever-changing and expanding fiat-based monetary system,” Bei said.

Sen. Cynthia Lummis (R-WY), the Republican pro-crypto senator for Wyoming, welcomed news that the state’s highway patrol association is embracing BTC.

“This is so cool. The goal with this stuff is to help Americans access tools to realize and protect the full value of their effort, their blood, their sweat and their tears,” she wrote on X, formerly Twitter.

Lummis was recently chosen as chair of the Senate subcommittee on digital assets, and has put forward a bill calling for the U.S. to buy 1 million BTC to hold in a strategic reserve over a five-year period.

All of this comes as a growing number of U.S. states consider bills to create strategic Bitcoin reserves, with President Donald Trump evaluating this policy on a federal level.

According to VanEck’s head of research Matthew Sigel, 20 proposals have now been made in 17 states.

If all of them were approved and fully realized, this would result in state governments adding 242,787 BTC to their balance sheets.

Edited by Stacy Elliott.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

Connor Sephton

https://decrypt.co/305764/wyoming-highway-patrol-association-bitcoin

2025-02-13 15:32:36

bitcoin
Bitcoin (BTC) $ 82,902.21 5.06%
ethereum
Ethereum (ETH) $ 1,567.14 4.79%
tether
Tether (USDT) $ 0.999803 0.02%
xrp
XRP (XRP) $ 2.01 3.69%
bnb
BNB (BNB) $ 587.19 2.81%
solana
Solana (SOL) $ 120.36 10.53%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.159011 5.59%
tron
TRON (TRX) $ 0.241901 2.53%
cardano
Cardano (ADA) $ 0.621992 5.47%
staked-ether
Lido Staked Ether (STETH) $ 1,565.69 4.93%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 82,950.22 5.10%
leo-token
LEO Token (LEO) $ 9.44 0.32%
chainlink
Chainlink (LINK) $ 12.61 6.81%
avalanche-2
Avalanche (AVAX) $ 19.29 8.06%
usds
USDS (USDS) $ 1.00 0.01%
the-open-network
Toncoin (TON) $ 2.95 0.81%
stellar
Stellar (XLM) $ 0.23231 2.51%
sui
Sui (SUI) $ 2.19 5.81%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 5.23%
hedera-hashgraph
Hedera (HBAR) $ 0.167397 0.29%
wrapped-steth
Wrapped stETH (WSTETH) $ 1,877.51 3.84%
bitcoin-cash
Bitcoin Cash (BCH) $ 311.59 9.45%
mantra-dao
MANTRA (OM) $ 6.40 0.37%
litecoin
Litecoin (LTC) $ 76.53 7.15%
polkadot
Polkadot (DOT) $ 3.55 3.96%
bitget-token
Bitget Token (BGB) $ 4.33 3.17%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999746 0.06%
hyperliquid
Hyperliquid (HYPE) $ 15.28 13.83%
ethena-usde
Ethena USDe (USDE) $ 0.998949 0.04%
weth
WETH (WETH) $ 1,566.88 3.69%
pi-network
Pi Network (PI) $ 0.604646 3.35%
whitebit
WhiteBIT Coin (WBT) $ 27.99 1.03%
monero
Monero (XMR) $ 202.90 1.58%
wrapped-eeth
Wrapped eETH (WEETH) $ 1,665.58 3.80%
okb
OKB (OKB) $ 53.21 2.85%
uniswap
Uniswap (UNI) $ 5.24 7.13%
dai
Dai (DAI) $ 1.00 0.01%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 82,975.23 5.17%
pepe
Pepe (PEPE) $ 0.000007 5.50%
aptos
Aptos (APT) $ 4.80 5.94%
ondo-finance
Ondo (ONDO) $ 0.914603 13.99%
gatechain-token
Gate (GT) $ 22.24 3.96%
susds
sUSDS (SUSDS) $ 1.05 0.02%
tokenize-xchange
Tokenize Xchange (TKX) $ 31.31 1.14%
near
NEAR Protocol (NEAR) $ 2.07 5.68%
internet-computer
Internet Computer (ICP) $ 4.99 5.18%
crypto-com-chain
Cronos (CRO) $ 0.086272 2.01%
mantle
Mantle (MNT) $ 0.694347 2.57%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
bitcoin
Bitcoin (BTC) $ 82,902.21 5.06%
ethereum
Ethereum (ETH) $ 1,567.14 4.79%
tether
Tether (USDT) $ 0.999803 0.02%
xrp
XRP (XRP) $ 2.01 3.69%
bnb
BNB (BNB) $ 587.19 2.81%
solana
Solana (SOL) $ 120.36 10.53%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.159011 5.59%
tron
TRON (TRX) $ 0.241901 2.53%
cardano
Cardano (ADA) $ 0.621992 5.47%
staked-ether
Lido Staked Ether (STETH) $ 1,565.69 4.93%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 82,950.22 5.10%
leo-token
LEO Token (LEO) $ 9.44 0.32%
chainlink
Chainlink (LINK) $ 12.61 6.81%
avalanche-2
Avalanche (AVAX) $ 19.29 8.06%
usds
USDS (USDS) $ 1.00 0.01%
the-open-network
Toncoin (TON) $ 2.95 0.81%
stellar
Stellar (XLM) $ 0.23231 2.51%
sui
Sui (SUI) $ 2.19 5.81%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 5.23%
hedera-hashgraph
Hedera (HBAR) $ 0.167397 0.29%
wrapped-steth
Wrapped stETH (WSTETH) $ 1,877.51 3.84%
bitcoin-cash
Bitcoin Cash (BCH) $ 311.59 9.45%
mantra-dao
MANTRA (OM) $ 6.40 0.37%
litecoin
Litecoin (LTC) $ 76.53 7.15%
polkadot
Polkadot (DOT) $ 3.55 3.96%
bitget-token
Bitget Token (BGB) $ 4.33 3.17%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999746 0.06%
hyperliquid
Hyperliquid (HYPE) $ 15.28 13.83%
ethena-usde
Ethena USDe (USDE) $ 0.998949 0.04%
weth
WETH (WETH) $ 1,566.88 3.69%
pi-network
Pi Network (PI) $ 0.604646 3.35%
whitebit
WhiteBIT Coin (WBT) $ 27.99 1.03%
monero
Monero (XMR) $ 202.90 1.58%
wrapped-eeth
Wrapped eETH (WEETH) $ 1,665.58 3.80%
okb
OKB (OKB) $ 53.21 2.85%
uniswap
Uniswap (UNI) $ 5.24 7.13%
dai
Dai (DAI) $ 1.00 0.01%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 82,975.23 5.17%
pepe
Pepe (PEPE) $ 0.000007 5.50%
aptos
Aptos (APT) $ 4.80 5.94%
ondo-finance
Ondo (ONDO) $ 0.914603 13.99%
gatechain-token
Gate (GT) $ 22.24 3.96%
susds
sUSDS (SUSDS) $ 1.05 0.02%
tokenize-xchange
Tokenize Xchange (TKX) $ 31.31 1.14%
near
NEAR Protocol (NEAR) $ 2.07 5.68%
internet-computer
Internet Computer (ICP) $ 4.99 5.18%
crypto-com-chain
Cronos (CRO) $ 0.086272 2.01%
mantle
Mantle (MNT) $ 0.694347 2.57%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%