ChainCatcher News, according to thecryptobasic, after Trump's election victory, at least three states—Pennsylvania, Texas, and Ohio—are considering adopting a unique framework to establish their own Bitcoin reserves. Eli Cohen, Chief Legal Officer of Centrifuge, asserted in a recent interview that this development is very beneficial for the crypto market.

While experts continue to debate the feasibility of this move at the federal level and its potential market impact, some states may be seeking to join in. It is reported that Trump made bold claims during his campaign about establishing a federal strategic Bitcoin reserve, and with the inauguration of the incoming president approaching, several states are already considering testing the waters.