More than a dozen states are considering implementing a fiscal policy that would have been unthinkable just a few years ago: holding a strategic Bitcoin reserve. Here’s the idea: an individual state buys a set number of Bitcoins to diversify its assets and act as a hedge against inflation.

As the Trump administration explores a U.S. cryptocurrency stockpile, two Texas bills filed this session are looking to be at the forefront of establishing a strategic bitcoin reserve for the state.

On the campaign trail, Trump pitched a national bitcoin stockpile, but it remains to be seen if he will fulfill this pledge.

Illinois lawmakers introduced a bill Wednesday to create a state-managed Bitcoin reserve, following similar proposals in Texas, Arizona, and Utah

Illinois has become the latest state to propose a Bitcoin reserve, joining a growing list of states advancing similar bills.

Illinois Republican John Cabello introduced a new bill to create a strategic bitcoin reserve through the state treasury, joining at least six other U.S. states exploring the option. Proponents of strategic bitcoin reserves tout their ability to offer states greater financial sovereignty and autonomy away from a central bank.