{"id":44193,"date":"2025-02-13T10:16:19","date_gmt":"2025-02-13T10:16:19","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=44193"},"modified":"2025-02-13T10:16:19","modified_gmt":"2025-02-13T10:16:19","slug":"wyoming-highway-patrol-association-explores-bitcoin-adoption-for-its-balance-sheet","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=44193","title":{"rendered":"Wyoming Highway Patrol Association Explores Bitcoin Adoption for Its Balance Sheet"},"content":{"rendered":"

The Wyoming Highway Patrol Association (WHPA), a nonprofit organization that supports troopers, dispatchers, and civilian staff, is considering adding Bitcoin to its balance sheet. <\/span><\/p>\n

The initiative is being pursued in collaboration with Proof of Workforce\u2019s \u201cGet Off Zero\u201d program. It aims to educate labor unions and pension funds about Bitcoin\u2019s potential benefits. <\/span><\/p>\n

On 12 February 2025, <\/a>Dom Bei, the founder of Proof of Workforce, said <\/span>that the WHPA\u2019s involvement in this initiative could set a precedent for similar organizations.<\/span><\/p>\n

A <\/span>portion of the Bitcoin acquired through this initiative may be held in self-custody<\/span>, Bei explained<\/span>.<\/span> He highlighted Bitcoin as a stable long-term financial tool, particularly as the traditional fiat-based monetary system undergoes shifts and uncertainties.<\/span><\/p>\n

EXPLORE:\u00a0<\/span>Top 10 AI Agent Crypto Coins to Buy in 2025<\/span><\/a><\/strong><\/p>\n

Some Bitcoin from This Initiative May Be Held in Self-Custody<\/span><\/h2>\n

If the plan moves forward, WHPA <\/span>would<\/span> become the first law enforcement association in the United States to adopt Bitcoin. The initiative has received strong backing from Wyoming Senator Cynthia Lummis, who has been a vocal advocate for Bitcoin and introduced a federal <\/span>Bitcoin<\/span> reserve bill in July last year.<\/span><\/p>\n

\u201cThis is so cool,\u201d Lummis stated. \u201cThe goal <\/span>with<\/span> this<\/span> is to help Americans access tools that protect the value of their hard work. <\/span>Love<\/span> to see Wyoming citizens who protect us, protected by Bitcoin. That\u2019s freedom-focused innovation.\u201d<\/span><\/p>\n

\ud835\udc09\ud835\udc14\ud835\udc12\ud835\udc13 \ud835\udc08\ud835\udc0d: Wyoming Highway Patrol Association adopts Proof of Workforce \u201cGet Off Zero\u201d Initiative, potentially becoming the first law enforcement association in the U.S. to hold Bitcoin on it\u2019s balance sheet!!! pic.twitter.com\/e56WPNPnZq<\/a><\/p>\n

\u2014 Proof of Workforce (@workforcebtc) February 12, 2025<\/a><\/p>\n\n

WHPA Vice President Austin Bluemel acknowledged the association\u2019s interest in exploring Bitcoin as <\/span>both<\/span> a network and an asset. Bluemel said that they are evaluating ways it could benefit their organization and its members.<\/span><\/p>\n

Wyoming has already been making strides in Bitcoin adoption. Recently, the state introduced a strategic Bitcoin reserve bill that would allocate up to 3% of its state funds to Bitcoin. <\/span><\/p>\n

Under the proposed law, if Bitcoin investments exceed the 3% limit, the state treasurer is not authorized to sell off holdings to comply with the rule.<\/span><\/p>\n

Other states, including Arizona, Illinois, Kentucky, Maryland, New Hampshire, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Texas, and Utah, have also introduced similar Bitcoin reserve bills.<\/span><\/p>\n

Notably, Utah has progressed the furthest. It is the only state where such a bill has passed through the House.<\/span><\/p>\n

Dennis Porter, CEO of the Satoshi Action Fund, has suggested that Utah may be the first US state to formally adopt a Bitcoin reserve, citing its short legislative calendar and strong political support for digital assets.<\/span><\/p>\n

20+ states working on Strategic Bitcoin Reserve legislation. Promises made. Promises kept. pic.twitter.com\/2FVx2e5w5E<\/a><\/p>\n

\u2014 Dennis Porter (@Dennis_Porter_) February 10, 2025<\/a><\/p>\n\n

EXPLORE:\u00a0<\/span>10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n

University Of Austin To Launch $5M Bitcoin Fund<\/span><\/h2>\n

The University of Austin is\u00a0<\/span>launching a $5 million<\/span><\/a>\u00a0Bitcoin fund as part of its $200 million endowment.\u00a0<\/span><\/p>\n

Notably, the precedent is set by Emory University. In a regulatory filing last October, it was disclosed that over $15 million in Bitcoin was invested\u00a0through Grayscale\u2019s spot Bitcoin exchange-traded fund (ETF).<\/span><\/p>\n

Beyond university endowments, cryptocurrency is gaining traction in the retirement sector as well. A recent\u00a0<\/span>Bitget Research<\/span><\/em> report revealed that up to 20% of Generation Z and Generation Alpha are open to receiving pensions in cryptocurrency.<\/span><\/p>\n

EXPLORE:\u00a0<\/span>15 New & Upcoming Coinbase Listings to Watch in 2025<\/span><\/a><\/strong><\/p>\n

<\/span><\/p>\n

\n

Key Takeaways<\/h3>\n


\n <\/span><\/p>\n


\n The Wyoming Highway Patrol Association is exploring Bitcoin adoption through the \u201cGet Off Zero\u201d program.<\/span>
\n <\/span><\/p>\n


\n If approved, WHPA would be the first U.S. law enforcement association to add Bitcoin to its balance sheet.<\/span>
\n <\/span><\/p>\n


\n Wyoming\u2019s broader Bitcoin-friendly stance includes a proposed state Bitcoin reserve bill allocating up to 3% of state funds.<\/span>
\n <\/span><\/p>\n


\n <\/span><\/p>\n

<\/span><\/p>\n<\/div>\n

<\/p>\n

The post Wyoming Highway Patrol Association Explores Bitcoin Adoption for Its Balance Sheet<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The Wyoming Highway Patrol Association (WHPA), a nonprofit organization that supports troopers, dispatchers, and civilian staff, is considering adding Bitcoin to its balance sheet. The initiative is being pursued in collaboration with Proof of Workforce\u2019s \u201cGet Off Zero\u201d program. It aims to educate labor unions and pension funds about Bitcoin\u2019s potential benefits. On 12 February […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-44193","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/44193"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44193"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/44193\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}