Iowa Bitcoin Reserves and Cryptocurrency Laws

Iowa Bitcoin Reserves and Cryptocurrency Legislation

Iowa Bitcoin Reserve Overview

No Official Reserves
Friendly Regulatory Status
Supportive of Crypto Innovation

Iowa Bitcoin Reserves

Iowa Legislative Breakdown

State	BTC Reserves	% of Global Holdings	Legal Status	Last Updated	Key Laws and Regulations
Iowa (IA)	No Official Reserves	0%	Friendly	2025-05-23	Iowa Uniform Money Services Act: Regulates crypto as "monetary value"; exchanges, OTC desks, and ATM operators require a money transmitter license HF 246 (2025): Proposed allowing state treasurer to invest up to 5% of public funds in Bitcoin and digital assets; bill not passed as of May 2025 HF 2252 (2025): Limits crypto ATM transactions to $1,000 per customer to prevent scams; requires operator registration No state income tax; federal capital gains tax (15–20%) applies to crypto earnings ~80,000 residents (~2.5% of population) use crypto; $1.5B in transactions (2023–2024, est.) Approximately 15 Bitcoin ATMs, primarily in Des Moines and Cedar Rapids (2024) Attorney General opposes SEC overreach in crypto regulation (2024) No legislation establishing state-held Bitcoin reserves as of 2025

Iowa Bitcoin Reserve Status

Current status: NO OFFICIAL RESERVES

Iowa has not established a state Bitcoin reserve, despite a proposed bill (HF 246) in 2025 that would have allowed the state treasurer to invest up to 5% of public funds in Bitcoin and digital assets. The bill has not passed as of May 2025. Iowa maintains a crypto-friendly environment with no state income tax and regulations supporting crypto businesses, though recent laws focus on consumer protection at crypto ATMs.

No funds have been allocated for Bitcoin reserves. Iowa prioritizes regulatory clarity and consumer protection in crypto transactions over state-held cryptocurrency reserves.

5/23/2025

SIGNED INTO LAW

HF 2252 was enacted, limiting crypto ATM transactions to $1,000 per customer and requiring operator registration to prevent scams.

2/6/2025

PROPOSED

HF 246 was introduced, proposing to allow the state treasurer to invest up to 5% of public funds in Bitcoin and digital assets; the bill has not passed.

7/10/2024

OPPOSITION TO SEC

Iowa Attorney General Brenna Bird led a coalition opposing SEC overreach in cryptocurrency regulation, supporting a freer crypto market.

Iowa Bitcoin Reserves and Cryptocurrency Legislation

Iowa Bitcoin Reserve Overview