Template Letter to State Legislators Re: Proposed State-Level “Bitcoin Strategic Reserve”

January 4, 2025

[TAXPAYER NAME]
[TAXPAYER ADDRESS]
[TAXPAYER EMAIL ADDRESS]
[TAXPAYER TELEPHONE NUMBER]

[Date]

Re: Proposed State-Level “Bitcoin Strategic Reserve”

Dear [Representative/Senator NAME],

In this time of transition, both at the national level and in state legislatures, I am writing to call your attention to the vital importance of opposing the creation of state-level Bitcoin reserves, using the tax authority of our government.

As you may be aware, there is currently a widespread and well-funded push to pressure states to create “Bitcoin Strategic Reserves.” [IF APPLICABLE, ADD: This is exemplified in STATE House/Senate Bill NUMBER introduced on DATE and referred to NAME OF COMMITTEE.]

Using excess taxpayer resources to buy Bitcoin through appropriation or borrowing is wholly inappropriate and is a violation of your duty of care to the citizens of this [state/commonwealth]. So that you may be fully informed about the numerous problems with this type of proposal, you will find enclosed the following resources:

Here are a few key points communicated in these resources:

  1. There is no hard limit of 21 million coins, though this supposed limit is often touted as an inflation benefit.
  2. Government purchases of Bitcoin provide a lucrative selling opportunity not otherwise available to large holders of private Bitcoin positions.
  3. If our government can afford to buy Bitcoin, it should lower taxes instead.

This letter is an invitation to further discussion. I would be happy to meet with you in your office in [city] and to supplement this letter with any further communication that you might find helpful. I will follow up with a call to your office after this package has arrived.

I look forward to our discussion of this extremely important issue.

Sincerely,

[TAXPAYER NAME]

Template Letter Download (Open in your preferred word processor)