Michigan Introduces Bill for Strategic Bitcoin Reserve_WEB3 CATCHER

Michigan Introduces Bill for Strategic Bitcoin Reserve

2025-02-14 13:54:04 /

　Michigan is the latest state in the US to introduce a bill for a strategic Bitcoin reserve, making it the 20th state to do so. Representatives Bryan Posthumus and Ron Robinson presented HB 4087 on Feb. 13 to establish a strategic Bitcoin reserve under the state’s Management and Budget Act. The bill allows Michigan's treasurer to invest in crypto from the general fund and economic stabilization fund, with a maximum of 10%. There are currently 20 US states with pending legislation for state crypto investments, following Texas' lead. Posthumus also suggested the creation of "MichCoin," a stablecoin tied to the state's gold and silver reserves.

Disclaimer: This specification is preliminary and is subject to change at any time without notice.

Michigan introduces cryptocurrency reserve bill, allowing state government to invest no more than 10% of total crypto assets

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