Michigan Embraces Crypto: 4 New Bills from the Parliament!

A new door has been added to the doors opening to crypto in the US: The Michigan House of Representatives has taken up four critical bills on Bitcoin and digital assets.

🧾 HB 4510: Pension funds can now go to Bitcoin! Condition: The market capitalization of the asset must be over $250 billion and the investment must be made through ETFs.

🚫 HB 4511: Michigan says a clear “no” to CBDC. State agencies are prohibited from backing digital dollars.

⛏️ HB 4512 & HB 4513: A brand new model for environmentally friendly mining: Cleaning up idle wells, in exchange for temporary BTC mining permits and tax benefits.

As more and more states across the US open up regulatory space for Bitcoin, Michigan is in the race.

The politics are becoming clear: You can either try to ban Bitcoin, or you can integrate it into your energy policy. Michigan has chosen the latter.