Arizona, Texas, and Utah Named Blockchain Policy “Trailblazers” in US

Arizona, Texas, and Utah have emerged as leaders in cryptocurrency regulation in the United States, according to the latest “Tokenized in America” report by Chainlink and the Blockchain Association.

These states have been recognized as “trailblazers” for their friendly blockchain policies and growing ecosystems.

The report assessed states on several factors, including government-led blockchain pilot projects, active pro-crypto task forces, and legislative support.

Concentration of blockchain-related workforce, strategic Bitcoin reserve initiatives, and membership in the North American Blockchain Association (NABA) were also determining factors.

Arizona, Texas, and Utah Lead with Strong Regulatory Clarity

Arizona, Texas, and Utah scored highest, reflecting a strong commitment to fostering crypto innovation and regulatory clarity.

“Texas, Arizona, and Utah earned Trailblazer status for their strength in both policy and ecosystem development,” the report noted.

Other states like North Carolina, California, New Hampshire, and Wyoming also showed notable progress across multiple categories.

Adam Minehardt, Chainlink Labs’ head of policy, emphasized that while federal crypto regulation receives most attention, significant momentum is building at the state level.

He described the report as shedding light on states’ vital roles in shaping digital asset opportunities and challenges ahead.

Currently, more than half of U.S. states have robust congressional support for blockchain policy, and over a third operate dedicated pro-crypto task forces.

ARIZONA SIGNS STRATEGIC BITCOIN RESERVE INTO LAW! 🇺🇸 pic.twitter.com/xQXsm2fEXQ

— Dennis Porter (@Dennis_Porter_) May 8, 2025

About 22% run blockchain pilot programs, while 16% are pursuing strategic Bitcoin reserve initiatives, signaling growing institutional interest at the regional level.

This surge in state-level activity coincides with the U.S. government’s “Crypto Week,” which aims to pass three crucial bills to enhance industry standards and clarify regulatory frameworks.

These include the GENIUS Act for stablecoin innovation, the CLARITY Act focused on digital asset market regulation, and the Anti-CBDC Surveillance State Act opposing a central bank digital currency.

While industry insiders admit the CLARITY Act has imperfections, its potential passage could position the U.S. as a global leader in digital asset policy.

Corporate Bitcoin Holdings Hit Record $91 Billion in 2025

Corporate interest in Bitcoin surged in Q2 2025, with companies adding a record 159,107 BTC valued at over $17.6 billion.

This marked a 23.13% rise from the previous quarter and brought total corporate holdings to 847,000 BTC, about 4% of the capped 21 million supply, according to Bitwise Asset Management.

The total value of corporate Bitcoin treasuries soared to $91 billion by the end of June, driven by Bitcoin’s price increase of nearly 61% over the quarter.

Public companies holding Bitcoin also jumped sharply, with 46 new entrants raising the total number of firms to 125, a 58.23% quarter-on-quarter increase.

Leading corporate holders include Michael Saylor’s Strategy with 597,325 BTC, driving strong stock performance with a 43% year-to-date gain.

Bitcoin miner MARA Holdings holds nearly 50,000 BTC, while newcomers like Twenty One and Metaplanet have also made significant purchases.

GameStop and Trump Media’s recent Bitcoin buys underscore the broadening corporate embrace of digital assets.