Vermont Bitcoin Reserves and Cryptocurrency Laws

Vermont Bitcoin Reserves and Cryptocurrency Legislation

Vermont Bitcoin Reserve Overview

No Official Reserves
Restrictive Regulatory Status
Consumer Protection Focus

Vermont Bitcoin Reserves

Vermont Legislative Breakdown

State	BTC Reserves	% of Global Holdings	Legal Status	Last Updated	Key Laws and Regulations
Vermont (VT)	No Official Reserves	0%	Restrictive	2025-02-20	H.370 (2025): Cryptocurrency Public Protection Act, proposes licensing requirements for crypto businesses and fraud protections; pending as of May 2025 Act 88 (2024): Imposed $1,000 daily transaction limit on crypto ATMs to curb fraud; signed into law on July 1, 2024 Financial Services Amendments (2024): Strengthened oversight of crypto exchanges and payment processors; enacted July 1, 2024 12 V.S.A. § 1913 (2018): Recognizes blockchain records as admissible in court, supporting blockchain innovation Money Transmitter License: Required for crypto businesses, $1,000 fee + $25,000 bond State income tax (3.35–8.75%) and federal capital gains tax (15–37%) apply to crypto earnings ~17,000 residents (~2.7% of population) use crypto; $340M in transactions (2023–2024, est.) Approximately 5 Bitcoin ATMs, primarily in Burlington (2024)

Vermont Bitcoin Reserve Status

Current status: NO OFFICIAL RESERVES

Vermont has not proposed or established a state Bitcoin reserve as of May 2025. The state’s regulatory environment is restrictive, prioritizing consumer protection over crypto adoption. H.370 (2025), the Cryptocurrency Public Protection Act, proposes stringent licensing for crypto businesses, while Act 88 (2024) limits crypto ATM transactions to $1,000 daily. Financial services amendments (2024) enhance oversight of crypto exchanges, and a 2018 law supports blockchain records, but no legislation encourages state-held Bitcoin reserves.

No funds have been allocated for Bitcoin reserves, and no Strategic Bitcoin Reserve legislation is under consideration. Vermont focuses on regulating crypto to protect consumers rather than investing in digital assets.

2/20/2025

PROPOSED

H.370, the Cryptocurrency Public Protection Act, was introduced, proposing licensing requirements and fraud protections for crypto businesses; the bill is pending.

7/1/2024

SIGNED INTO LAW

Act 88 was signed into law, imposing a $1,000 daily transaction limit on cryptocurrency ATMs to curb fraud.

7/1/2024

SIGNED INTO LAW

Financial services amendments were enacted, strengthening oversight of crypto exchanges and payment processors.

5/1/2018

SIGNED INTO LAW

12 V.S.A. § 1913 was enacted, recognizing blockchain records as admissible in court to support blockchain innovation.

Vermont Bitcoin Reserves and Cryptocurrency Legislation

Vermont Bitcoin Reserve Overview