Michigan Crypto asset Legislation: Four New Bills Presented
When considering crypto innovation, Michigan may not be the first state that springs to mind, but this perception may soon shift. A coalition of state legislators has put forward four new bills aimed at integrating crypto asset into Michigan’s financial and ecological frameworks. These proposals encompass a range of topics from retirement planning to mining in deserted oil fields, and there is even a stance taken against government-managed digital currencies. If these bills are enacted, they could establish Michigan as a model for how local authorities interact with digital assets.
Allowing Public Pension Funds to Acquire Bitcoin
A standout element of this legislative initiative is House Bill 4510. This proposal seeks to permit Michigan’s public retirement systems, which finance pensions for teachers, emergency personnel, and other public employees post-retirement, to allocate funds towards cryptocurrencies.
Michigan lawmakers introduced several bipartisan bills today that seek to position the state as a leader in digital currency and blockchain innovation: pic.twitter.com/HhKVZKwaX1
— Sam Robinson (@samueljrob) May 22, 2025
However, the bill does not provide unrestricted access. Only cryptocurrencies that have achieved a trading market capitalization of at least $250 billion within the last year would qualify. Currently, this limits eligibility to Bitcoin and Ethereum. Even then, investments are restricted to regulated exchange-traded products rather than direct crypto asset transactions.
In essence, Michigan is not risking its pension fund on Dogecoin. The legislation is crafted to offer pensions a degree of exposure to crypto while tightly managing associated risks. Proponents of the bill assert that incorporating BTC could contribute to the diversification of the state’s investment portfolio and, if handled judiciously, enhance long-term returns.
DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in May 2025
Opposition to a Digital Dollar
The second bill, House Bill 4511, takes a position against a topic that has sparked national discussion: central bank digital currencies, or CBDCs. These are digital currencies issued by the government that several nations are already testing. The U.S. remains in the evaluation phase, yet this bill declares Michigan’s intent to steer clear of it.
Specifically, the legislation would prevent state entities from assisting in the launch or promotion of a U.S. digital dollar. Additionally, it states that individuals in Michigan should not have to obtain special licenses or incur extra taxes simply for engaging with crypto. The intent is clear: Michigan aims to advocate for financial autonomy, rather than increased compliance.
Utilizing Bitcoin Block rewards to Restore Old Oil Facilities
The last two bills concentrate on BTC crypto mining, but with a unique Michigan angle. Through House Bill 4512, legislators are advocating for mining operations to be incentivized to establish themselves at abandoned oil and gas wells throughout the state. Instead of allowing these sites to deteriorate, the proposal is to convert them into energy sources for blockchain technology.
At the same time, House Bill 4513 aims to provide tax breaks for firms that engage in Bitcoin mining. If successfully implemented, this could turn existing environmental burdens into economic opportunities, especially in rural or formerly industrial regions that have seen better times.
DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now
Potential Implications
This collection of digital currency bills not only displays interest but also ambition. While some states have tested the waters of the crypto domain, Michigan is attempting to jump in with a comprehensive set of policies addressing investment, regulation, energy consumption, and individual privacy.
Whether all four bills will be passed is uncertain. However, if just a few advance, Michigan could emerge as a leading state in shaping the future of crypto regulation.
DISCOVER: 20+ Next Crypto to Explode in 2025
Join The 99Bitcoins Announcement Discord Here For The Latest Market Updates
Key Takeaways
- Michigan legislators have proposed four new crypto-centric bills addressing BTC investments, crypto mining incentives, and opposition to CBDCs.
- House Bill 4510 would facilitate public pension funds investing in BTC and ETH exclusively through regulated exchange-traded products.
- House Bill 4511 opposes the concept of a U.S. digital dollar, prohibiting state agencies from endorsing CBDC deployment in Michigan.
- Recent proposals are aimed at revamping neglected oil and gas wells for Bitcoin crypto mining, merging energy recovery with blockchain expansion.
- This legislative package positions Michigan as an emerging crypto-friendly state, contemplating investment, infrastructure, and tax strategies all at once.
The post Michigan Crypto Legislation: 4 New Bills Introduced appeared first on 99Bitcoins.
