South Dakota Bitcoin Reserve Overview
South Dakota HB 1202 (2025) proposed Bitcoin reserve but failed in committee.
South Dakota Legislative Breakdown
HB 1202 (2025) FAILED in committee.
South Dakota Strategic Bitcoin Reserve
Current status: FAILED / VETOED — reserve legislation did not pass.
As of August 6, 2026, South Dakota's state treasury holds no Bitcoin directly. US state Strategic Bitcoin Reserves authorize the holding of Bitcoin but require separate legislative appropriation before a treasury is funded. The timeline below tracks every verified legislative milestone.
South Dakota Legislative Timeline
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2026-01-15PROPOSEDRenewed reserve legislation entered committee review in the 2026 session, reviving the effort after HB 1202 failed in 2025.Bill: 2026 session billRead More →
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2025-02-21REJECTEDSouth Dakota HB 1202 (Bitcoin Reserve) failed in committee.Bill: HB 1202Read More →
South Dakota Bitcoin Reserve FAQs
Does South Dakota have a state Bitcoin reserve?
As of August 6, 2026: South Dakota HB 1202 (2025) proposed Bitcoin reserve but failed in committee.
How much Bitcoin does South Dakota hold?
South Dakota's state treasury holds no Bitcoin directly as of August 6, 2026. Even where reserve legislation is enacted, a treasury is only funded after a separate legislative appropriation.
What is South Dakota's Bitcoin policy stance?
South Dakota is classified as 'Neutral' on Bitcoin-related state legislation. Key legislation: HB 1202 (2025) FAILED in committee.
Has South Dakota passed a Strategic Bitcoin Reserve bill?
See the South Dakota legislative timeline above for current bill status. As of August 6, 2026, only Arizona (HB 2749), New Hampshire (HB 302), and Texas (SB 21) have enacted state Strategic Bitcoin Reserve laws.
Is Bitcoin legal in South Dakota?
Bitcoin is legal to buy, hold, and sell across all US states, including South Dakota, under federal law. State-level rules mainly govern money-transmitter licensing, consumer protection, and whether the state treasury may hold Bitcoin.
Is cryptocurrency taxed in South Dakota?
Federal capital-gains tax applies to crypto nationwide. State tax treatment in South Dakota depends on whether it levies a state income tax; consult a qualified tax professional, as guidance evolves.
Is Bitcoin mining allowed in South Dakota?
Bitcoin mining is generally permitted across US states, though South Dakota may apply energy, zoning, or noise regulation. Any mining-specific measures are noted in the legislative breakdown above.
Which US states have enacted Bitcoin reserve laws?
Three states have enacted Strategic Bitcoin Reserve laws: Arizona (HB 2749, May 7 2025), New Hampshire (HB 302, May 6 2025), and Texas (SB 21, June 2025). Texas made the first state reserve purchase (~$5M in a Bitcoin ETF, November 2025); several others have active proposed legislation.
Can South Dakota's state treasury invest in Bitcoin?
A state treasury can hold Bitcoin only if legislation explicitly authorizes it. South Dakota's current authority is reflected by its stance ('Neutral') and the key legislation listed above.
When was South Dakota's Bitcoin legislation last updated?
This page reflects verified data as of August 6, 2026, sourced from official state legislative records (LegiScan) and signed gubernatorial press releases.
Where can I verify South Dakota's Bitcoin reserve information?
All bill numbers, dates, and signatures are sourced from official South Dakota legislative records via LegiScan, the National Conference of State Legislatures, and gubernatorial press releases. Sources are linked at the bottom of this page.
Official Sources & Data References for South Dakota
All data on this page is compiled from primary, verifiable sources. Click any source below to verify directly.