Alabama Bitcoin Reserves and Cryptocurrency Laws

Alabama Bitcoin Reserves and Cryptocurrency Legislation

Alabama Bitcoin Reserve Overview

No Official Reserve
Neutral Regulatory Status
Proposed Strategic Bitcoin Reserve (SB 283/HB 482)

Alabama Bitcoin Reserves

Alabama Legislative Breakdown

State	BTC Reserves	% of US Holdings	Legal Status	Last Updated	Key Laws and Regulations
Alabama (AL)	No official reserve	0%	Neutral	2025-04-30	SB 283/HB 482: Allows 10% state funds in Bitcoin (proposed, in committee, 2025) Alabama Monetary Transmission Act: Regulates virtual currency transactions (enacted 2017)

Alabama Strategic Bitcoin Reserve

Current status is PROPOSED

Alabama has proposed legislation (SB 283/HB 482) to allocate up to 10% of certain state funds to Bitcoin, aiming to diversify investments and position the state as a crypto-friendly hub.

Using the All State Fund (~$2.5 billion), Alabama could potentially purchase approximately 24,462 BTC, assuming a BTC price of $102,182, if the proposed legislation is enacted.

4/1/2025

PROPOSED

SB 283 and HB 482 introduced, allowing up to 10% of state funds for Bitcoin investments, under review in House Ways and Means General Fund Committee.

12/11/2024

PROPOSED

State Auditor Andrew Sorrell proposes a Strategic Bitcoin Reserve to attract crypto investments, advocating gradual dollar-cost averaging.

5/15/2024

FORMED

Alabama Blockchain Study Commission created to explore blockchain and crypto regulation, highlighting innovation and fraud concerns.

8/1/2017

ENACTED

Alabama Monetary Transmission Act enacted, regulating virtual currency transactions and enhancing audit capabilities.

Alabama Bitcoin Reserves and Cryptocurrency Legislation

Alabama Bitcoin Reserve Overview