Is XRP the Next Asset States Will Consider for Their Balance Sheets?

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A slew of crypto-focused legislation is sweeping across the United States, raising a bigger question than ever: could digital assets like XRP eventually be held in state treasuries? Several states are already laying the groundwork, and momentum is moving fast.

More States Join the Digital Asset Movement

Over the past year, states including North Carolina, Illinois, and New York have introduced or passed digital asset bills. Kentucky pushed forward its Blockchain Digital Asset Act, North Carolina advanced House Bill 506, and Illinois approved two major crypto-related bills. New York is even exploring policies allowing state agencies to accept cryptocurrency payments.

“It’s a Movement”: States Race to Become Digital Asset Hubs

On Paul Barron Podcast, Cody Carbone of the Digital Chamber described the trend as a nationwide movement. States are recognizing the benefits of integrating blockchain and digital assets into their local economies, whether through issuing municipal bonds backed by crypto—as seen in New Hampshire—or creating licensing laws that offer regulatory clarity.

Carbone said that many states view the current moment similarly to the dot-com boom of the early 2000s. Back then, every state wanted to attract tech talent and internet innovators. Now, the same dynamic is happening with Web3.

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All 50 States Could Pass Crypto Bills by Next Year

Carbone says that if federal regulators continue moving slowly, all 50 states may adopt some form of digital asset legislation by next year. This push is already happening because businesses want clarity, and they are pressuring state governments for faster progress.

The Digital Chamber recently launched the Digital State Network to help companies engage directly with state lawmakers and governors. Demand is rising quickly as crypto firms look for friendlier regulatory environments.

Could XRP Be Next for State Treasuries?

With states openly considering crypto-backed municipal bonds, clarifying licensing frameworks, and exploring direct asset holdings, the door is opening wider for assets beyond Bitcoin.

“I think you’re going to see more states start to replicate this and you pay your state and local taxes through Bitcoin, through XRP, through Ethereum. Well, it’ll be huge,” he said.

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