Maryland Bitcoin Reserves and Cryptocurrency Policies

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Maryland, USA Bitcoin Reserves and Cryptocurrency Policies

Maryland proposes a Strategic Bitcoin Reserve via HB 1389, funded by gambling forfeitures, pending full House approval as of May 2025.

Bitcoin Reserves

0 BTC
HB 1389 pending

Regulatory Stance

Neutral
Strict VASP licensing

Government Activity

HB 1389 proposes BTC reserve
No blockchain task force

Maryland Cryptocurrency Profile

State	BTC Reserves	% of Global Holdings	Legal Status	Last Updated	Key Policies
Maryland, USA	0 BTC Estimated	0%	Neutral	2025-05-21	HB 1389 proposes Maryland Bitcoin Reserve Fund, funded by gambling forfeitures, passed Judiciary Committee March 11, 2025, pending full House approval No state-specific crypto legislation beyond HB 1389; VASPs regulated under money transmission laws 5.75% state income tax; federal capital gains tax (15–20%) applies to crypto profits Crypto not legal tender; regulated under federal securities and state money transmission laws ~550,000 residents (~9% of population) use crypto; $6.5B in transactions (2023–2024) No bans on CBDCs No state-backed blockchain task force, crypto payment initiatives, or mining incentives