Michigan lawmakers have introduced four new crypto-related bills aimed at expanding the state's engagement with digital assets. One of the key proposals, House Bill 4510, would allow public retirement funds to invest in Bitcoin through regulated exchange-traded products, targeting a market cap threshold of $250 billion. Another bill, HB 4511, seeks to ban state agencies from advocating for U.S. central bank digital currencies (CBDCs), thereby preventing any licensing, taxation, or restrictions tied to CBDCs at the state level. Additionally, two companion bills (HB 4512 and HB 4513) aim to promote Bitcoin mining by allowing companies to plug abandoned oil wells in exchange for mining rights, paired with tax incentives for environmental restoration efforts. This move comes amidst growing discussions across several U.S. states regarding the regulation and integration of cryptocurrencies into public policy, highlighting Michigan's proactive stance in this emerging landscape.

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