Wyoming highway workers' union plans to put Bitcoin on balance sheets

The Wyoming Highway Patrol Association, a group dedicated to improving the lives of workers monitoring and improving the safety of Wyoming's highways, is taking part in an initiative to integrate Bitcoin into its financial strategy — potentially putting the world's leading cryptocurrency on its balance sheets.

The plan is part of the “Get Off Zero” initiative from Proof of Workforce, an organization that offers Bitcoin education to labor unions and pension funds, among other groups.

"This is so cool," said Wyoming Senator Cynthia Lummis, a prominent pro-Bitcoin lawmaker receiving significant crypto industry campaign contributions. "The goal with this stuff is to help Americans access tools to realize and protect the full value of their effort, their blood, their sweat, and their tears."

"Love to see Wyoming citizens who protect us, protected by Bitcoin," she added. "That’s freedom-focused innovation."

The association did not provide concrete details on its strategy or goals with Bitcoin. "We are excited to explore Bitcoin as a network and asset, to evaluate ways it can further support our organization and its members," said Austin Bluemel, Vice President of the Wyoming Highway Patrol Association.

"Bitcoin continues to protect the time and energy of those who protect us," added Dom Bei, Founder of Proof of Workforce. "Similar to a chaotic and unpredictable emergency situation, Bitcoin remains a reliable and stable long-term tool for workers and wage-earners amidst an ever-changing and expanding fiat-based monetary system."

Last month, Wyoming also introduced a proposal for a strategic Bitcoin reserve that would invest up to 3% of state funds in the world’s leading cryptocurrency.

Last summer, Wyoming's Lummis also unveiled the BITCOIN Act to establish a Bitcoin reserve through Congress.

Other jurisdictions worldwide are also considering a potential Bitcoin reserve. Recently, the head of the Czech Republic’s central bank discussed the idea, while at least one proposed bill in Brazil aims to diversify its treasury by adding Bitcoin.

On the prediction market platform Polymarket, bettors estimate there’s only a 12% chance of Trump establishing a Bitcoin reserve in the U.S. during his first 100 days in office.

Wyoming Highway Patrol Association did not respond to TheStreet Crypto's request to comment.