At least 19 states have either passed or considered legislation that would allow state governments to invest in cryptocurrency or other digital assets, according to Liz Farmer, senior officer at Pew Charitable Trusts.
State governments invest their money a lot like a person might. Some treasuries, some mutual funds, a dash of corporate bonds, all intended to grow over time.
Now, some states are looking to cryptocurrency as an investment. In 2025, at least nineteen states considered laws allowing some state funds to be invested in digital assets.
Three states — Texas, New Hampshire, and Arizona — actually passed laws around this, according to a review by the Pew Charitable Trusts.
Marketplace’s Stephanie Hughes talked about this interest from states with Liz Farmer, senior officer at Pew Charitable Trusts, who explained why crypto is appealing to some state investors.
States Weigh Pros and Cons of Investing in Cryptocurrency — From Pew Charitable Trusts
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