As investor focus turns to the upcoming U.S. “Crypto Week,” a new report has named Arizona, Texas, and Utah as the top-performing states when it comes to cryptocurrency and blockchain regulation.
The report, titled “Tokenized in America,” was published by Chainlink in collaboration with the Blockchain Association. It highlights these three states as “trailblazers” for their strong efforts in shaping blockchain policy and supporting the industry’s growth.
According to the findings, the report evaluated all 50 states based on several key areas, including:
- State-led blockchain pilot programs
- Active pro-crypto task forces
- Support from state legislators
- Size and strength of the local blockchain workforce
- Bitcoin reserve strategies
- Membership in the North American Blockchain Association (NABA)
The report noted that Texas, Arizona, and Utah earned Trailblazer status for their strength in both policy and ecosystem development.
The study also recognized other states showing significant progress in crypto engagement, such as North Carolina, California, New Hampshire, and Wyoming.
The spotlight on state-level innovation comes at a time when the U.S. is preparing for a potentially historic week in digital asset policy, with three major crypto bills expected to be debated during what’s being dubbed “Crypto Week.”
What Was the Report Based On?
The report looked at how each U.S. state is supporting blockchain and crypto by measuring several key areas. These included whether states are running government-led blockchain pilot projects, have active crypto task forces, show support from state lawmakers, and have a strong local blockchain workforce. It also considered whether the state has plans to hold Bitcoin as a reserve and if it is a member of the North American Blockchain Association (NABA).
Based on these factors, Texas, Arizona, and Utah were named “Trailblazers” for their strong performance in both policy-making and building blockchain communities. The report also praised states like North Carolina, California, New Hampshire, and Wyoming for showing strong efforts across many areas.
“While there’s a lot happening in Washington, we ignore the important progress being made at the state level,”
He added that the Tokenized in America report is helping highlight the crucial role states are playing in shaping the future of digital assets, and it offers a clearer view of the opportunities and challenges that lie ahead.
Nearly half of all U.S. states now have strong support from their lawmakers when it comes to blockchain policy, and about one-third have set up special task forces focused on crypto.
The report also found that more than 1 in 5 states are running government-led blockchain pilot programs. Meanwhile, around 16% of states have either launched or are planning to launch a Bitcoin reserve as part of their long-term strategy.