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Michigan advances HB 4087 to a second reading to create a strategic crypto reserve - The Cryptocurrency Post
Michigan has moved the bill HB 4087 to second reading, which could put the state on the path to creating a cryptocurrency reserve. The proposal would allow the Treasurer to allocate up to 10% of the General Fund and the Economic Stabilization Fund to digital assets. Backed by Republican representatives, it was referred to the Committee on Government Operations due to implications for custody, risk, governance, and compliance. Content and Measure…
Michigan Advances Bill To Build Crypto Reserve
Michigan lawmakers moved a bill that would let the state hold crypto assets closer to a vote, advancing House Bill 4087 to a second reading in mid-September 2025. According to reports, the proposal would change the Michigan Management and Budget Act to create a strategic crypto reserve under the control of the state treasurer. Michigan Bill Allows Up To 10% Investment The measure would let the state treasurer place up to 10% of certain state fun…
Michigan Crypto Reserve Bill Advances to Committee After Seven Month Pause
Michigan's House Bill 4087 advanced to a second reading Thursday after remaining inactive for seven months, marking progress toward establishing a strategic cryptocurrency reserve. According to Cointelegraph, the legislation moved to the Committee on Government Operations and would permit the state treasurer to invest up to 10% of funds from Michigan's countercyclical budget and economic stabilization fund in cryptocurrency.Republican Representa…
Michigan has accelerated its efforts to establish a state-owned crypto reserve, a key bill passing at second reading after months of legislative immobilization. If it is passed, it will allow the peninsular state to hold 10% of its investment in digital assets. Article Michigan is advancing a bill to create a state-owned crypto reserve first appeared on Cointribune.
Michigan Bitcoin Bill: A Pivotal Step Towards State Crypto Reserves
BitcoinWorld Michigan Bitcoin Bill: A Pivotal Step Towards State Crypto Reserves A truly transformative development is unfolding in the heart of the Midwest, capturing the keen attention of cryptocurrency enthusiasts, financial strategists, and policymakers alike. The proposed Michigan Bitcoin bill...
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