Michigan becomes latest state to propose crypto reserve bill

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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…

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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…

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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…

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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 …

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

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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.