Michigan Proposes Bold Crypto Legislation: Bitcoin Pensions, CBDC Ban, and Mining Incentives

May 22, 2025 04:00 pm Cryptocurrency 179

Key Takeaways:

Michigan lawmakers introduced four crypto-related bills focusing on Bitcoin pensions, a state-level ban on CBDCs, and green mining initiatives.

House Bill 4510 allows public retirement funds to invest in Bitcoin via exchange-traded products.

House Bill 4511 seeks to block state support for U.S. central bank digital currencies.

Two additional bills promote the use of abandoned oil wells for Bitcoin mining tied to environmental remediation efforts.

Michigan’s Ambitious Crypto Agenda

Michigan is now one of the most active states in the U.S. when it comes to establishing laws that let people utilize cryptocurrencies. In early May 2025, a group of state politicians put forward four new bills. These measures all work toward making Bitcoin and other cryptocurrencies a part of Michigan’s public investment and environmental policies. They also ..

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