WHPA Considers Bitcoin, States Invest in Strategy

A number of U.S. states, including California, Florida, Wisconsin, and North Carolina, are investing in Strategy, a company known for its vast Bitcoin holdings, thereby indirectly gaining exposure to the cryptocurrency. Simultaneously, the Wyoming Highway Patrol Association (WHPA) is considering adding Bitcoin to its balance sheet as part of the 'Proof of Workforce' initiative, aimed at educating labor unions and pension funds about Bitcoin's benefits. The initiative, supported by Wyoming Senator Cynthia Lummis, aligns with a broader trend of U.S. states looking to create strategic Bitcoin reserves. WHPA's potential move would mark a notable step as it would be the first time a law enforcement association in the U.S. adopts Bitcoin, aiming to protect the value of workers' efforts against the unpredictability of fiat currencies. Senator Lummis, a pro-Bitcoin lawmaker, has been advocating for Bitcoin adoption at both state and federal levels.