Michigan is joining the growing number of U.S. states shaping their own approach to cryptocurrency. On Wednesday evening, lawmakers introduced four new bills that address everything from institutional crypto investments to mining incentives and state-level resistance to central bank digital currencies (CBDCs).

💼 Bitcoin in State Pension Funds?

House Bill HB 4510, introduced by Republican Bill Schuette, would allow Michigan’s state treasurer to invest pension funds in cryptocurrencies — specifically those with a 12-month average market cap above $250 billion, held through regulated exchange-traded products.

👉 In practice, this measure effectively targets Bitcoin, which recently hit new all-time highs and continues to attract institutional attention.

🛑 Michigan Pushes Back Against CBDCs

A second bill, HB 4511, sponsored by Republican Bryan Posthumus, aims to prevent the implementation or promotion of any central bank digital currency (CBDC) within the state.

The bill explicitly bans state departments or agencies from testing, adopting, or supporting any form of digital dollar.

⛏️ Bitcoin Mining as Environmental Rehabilitation?

Democrat Mike McFall introduced HB 4512 and HB 4513, two companion bills linking Bitcoin mining with ecological restoration.

🔹 One bill launches a “Bitcoin Program” that would allow private companies to repurpose abandoned oil and gas wells for crypto mining using leftover fuel — in exchange for cleanup responsibilities.

🔹 The other offers tax deductions for individuals and businesses that generate income through such mining activities.

The program would be administered by a state drilling inspector, who would maintain a public registry of eligible sites, run annual bids, and enforce reclamation requirements.

📍 More States Are Getting Serious About Crypto

Michigan's legislative push is part of a broader wave of crypto-related efforts at the state level:

🔹 In Texas, lawmakers recently passed a bill to create a state-run Bitcoin reserve, enabling investments in any digital asset with a market cap over $500 billion.

🔹 Earlier this month, New Hampshire became the first U.S. state to formally allow public funds to be invested in crypto and precious metals.

📌 What Does It Mean?

As federal regulators continue to debate crypto policy, states like Michigan are stepping up with their own agendas. By combining Bitcoin investments, opposition to CBDCs, and green-friendly mining initiatives, Michigan is setting a potential example for regional crypto governance — one that other states may soon follow.




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