Michigan becomes latest state to propose crypto reserve bill

Michigan Introduces Plan For Strategic Bitcoin Reserves

Recently, Michigan has made a noteworthy advancement in cryptocurrency policy by becoming the latest state in the US to propose the establishment of a Bitcoin reserve. On February 13, Representatives Bryan Posthumus and Ron Robinson put forward HB 4087, a bill designed to amend the state’s Management and Budget Act. This proposed legislation would enable Michigan to create a Bitcoin reserve utilizing funds from the state’s general and economic s…

State-Led Crypto Adoption: Michigan Proposes Strategic Bitcoin Reserve

Michigan has recently taken a significant step in the realm of cryptocurrency policy, becoming the latest US state to propose the creation of a strategic Bitcoin reserve. On February 13, Representatives Bryan Posthumus and Ron Robinson introduced HB 4087, a bill aimed at amending the state’s Management and Budget Act. This proposed legislation would allow Michigan to establish a Bitcoin reserve using funds from the state’s general and economic s…

Michigan Lawmakers Propose Bitcoin Reserve Investment Plan for State Treasury

The post Michigan Lawmakers Propose Bitcoin Reserve Investment Plan for State Treasury appeared on BitcoinEthereumNews.com. A new legislative proposal in Michigan seeks to create a Bitcoin reserve as part of the state’s financial strategy. On February 13, Representatives Bryan Posthumus and Ron Robinson put forward HB 4087, a bill designed to update the state’s Management and Budget Act by incorporating Bitcoin investments. With this, Michigan n…

Michigan Joins The Crypto Revolution With New Bill For State Bitcoin Reserve: Report

Michigan’s House Bill 4087 proposes a state Bitcoin Reserve, allowing crypto investments from Michigan’s general and stabilization funds. The bill grants Michigan’s state treasurer up to 10% in digital assets investments, with future regulations left to state discretion. Michigan joins 20 states exploring crypto reserves; Texas recently filed a similar bill, while North Dakota rejected such legislation. The state of Michigan has recently seized …

The state is joining the trend with a bill that does not specify which cryptocurrencies can be purchased for the reserve. Read more

Michigan Eyes Bitcoin Reserve in New Crypto Bill

Michigan has taken a step toward integrating cryptocurrency into state finances by proposing a bill to create a Bitcoin BTC reserve.