According to Deep Tide TechFlow, on May 22, the Michigan State Legislature proposed four cryptocurrency-related bills. Bill HB 4510 allows the state treasury to invest in Bitcoin as a pension fund through regulated exchanges. Bill HB 4511 prohibits the state government from supporting Central Bank Digital Currency (CBDC). Bills HB 4512 and HB 4513 focus on Bitcoin mining, allowing private companies to mine Bitcoin at abandoned oil wells and providing tax incentives.

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