Wyoming Highway Patrol Association Considers Bitcoin Adoption

According to Cointelegraph, the Wyoming Highway Patrol Association (WHPA), a nonprofit organization supporting troopers, dispatchers, and civilian staff, is reportedly considering incorporating Bitcoin into its financial strategy. This initiative is part of a collaboration with the Bitcoin education platform Proof of Workforce's 'Get Off Zero' campaign, which aims to educate labor unions and pension funds about Bitcoin's potential benefits. Dom Bei, founder of Proof of Workforce, stated that a portion of the Bitcoin funds might be held in self-custody, emphasizing Bitcoin's reliability as a long-term financial tool amid the fluctuating fiat monetary system. This move could mark the first instance of a law enforcement association in the United States adopting Bitcoin. Cointelegraph has reached out to WHPA for further comments. The initiative has garnered support from Wyoming Senator Cynthia Lummis, who introduced a federal Bitcoin reserve bill last July. Lummis expressed enthusiasm, highlighting the initiative's potential to empower Americans by safeguarding the value of their labor through Bitcoin. WHPA Vice President Austin Bluemel expressed excitement about exploring Bitcoin's potential to support the organization and its members. Wyoming has also introduced its own strategic Bitcoin reserve bill, which proposes investing up to 3% of the state's funds in Bitcoin. If the market value of these investments exceeds the 3% cap, the state treasurer is prohibited from selling or reducing the Bitcoin allocation to comply with the limit. Other states, including Arizona, Illinois, Kentucky, Maryland, New Hampshire, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Texas, and Utah, have also proposed similar Bitcoin reserve bills. Utah has made significant progress, being the only state where a Bitcoin reserve bill has passed through the House. Dennis Porter, CEO of Satoshi Action Fund, predicts Utah may become the first U.S. state to adopt a Bitcoin reserve, citing its shorter legislative calendar and political momentum.