{"id":59699,"date":"2025-09-19T07:46:41","date_gmt":"2025-09-19T07:46:41","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/michigan-moves-crypto-reserve-bill-to-second-reading\/"},"modified":"2025-09-19T07:46:41","modified_gmt":"2025-09-19T07:46:41","slug":"michigan-moves-crypto-reserve-bill-to-second-reading","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/michigan-moves-crypto-reserve-bill-to-second-reading\/","title":{"rendered":"Michigan Moves Crypto Reserve Bill to Second Reading"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Michigan has inched closer to potentially holding digital assets in its state reserves. Lawmakers confirmed that House Bill 4087 moved to its second reading on Thursday and has now been referred to the Committee on Government Operations.<\/p>\n<hr\/>\n<p><em><strong>Good to Know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>The bill allows Michigan\u2019s treasurer to invest up to 10% of stabilization funds in crypto.<\/strong><\/em><\/li>\n<li><em><strong>Custody must follow strict security rules including exclusive government control of keys.<\/strong><\/em><\/li>\n<li><em><strong>Michigan joins Massachusetts and Ohio with similar bills at the committee stage.<\/strong><\/em><\/li>\n<\/ul>\n<hr\/>\n<p>Introduced back in February by Representatives Bryan Posthumus and Ron Robinson, the measure amends the Michigan Management and Budget Act to let the state treasurer allocate up to 10% of its \u201ccountercyclical budget\u201d and \u201ceconomic stabilization fund\u201d into cryptocurrency.<\/p>\n<p>While the text does not specifically name <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a>, it defines eligible assets broadly as digital currencies secured by encryption, operating independently of a central bank. That leaves the door open for Bitcoin, <a href=\"https:\/\/igaming.org\/cryptocurrencies\/ethereum-alternative-coin\/\">Ethereum<\/a>, and other decentralized tokens.<\/p>\n<p>The legislation also permits the state to loan out its crypto holdings in order to generate returns, provided that it does not introduce additional financial risk.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>177% up to 5BTC + 77 <strong> Free Spins<\/strong>!<\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2>Security and Custody Requirements<\/h2>\n<p>The bill outlines strict conditions for storage:<\/p>\n<ol>\n<li>Assets must be kept with a qualified custodian such as a bank, trust company, or regulated firm, or in an exchange-traded product registered with U.S. regulators.<\/li>\n<li>Custody solutions must guarantee exclusive control of private keys by the state.<\/li>\n<li>Additional requirements include end-to-end encryption, no smartphone-based access, geographically diversified data centers, multi-party transaction authorization, and frequent audits.<\/li>\n<\/ol>\n<p>These safeguards are designed to address the risks that come with public entities holding digital assets.<\/p>\n<p>If the bill passes, Michigan would join a small but growing group of U.S. states exploring crypto as part of their fiscal strategy. New Hampshire, <a href=\"https:\/\/igaming.org\/crypto\/arizona-to-hold-unclaimed-crypto-instead-of-liquidating-under-new-state-law\/\">Arizona<\/a>, and <a href=\"https:\/\/igaming.org\/crypto\/texas-governor-signs-sb21-starts-independent-bitcoin-reserve-structure\/\">Texas<\/a> already have laws permitting state treasurers to hold Bitcoin or other crypto assets.<\/p>\n<p>Meanwhile, attempts in <a href=\"https:\/\/igaming.org\/crypto\/montana-lawmakers-vote-against-bitcoin-investment-proposal\/\">Montana<\/a>, <a href=\"https:\/\/igaming.org\/crypto\/connecticut-says-no-to-government-bitcoin-reserves-with-passing-of-house-bill-7082\/\">Connecticut<\/a>, North Dakota, South Dakota, Wyoming, and Pennsylvania have failed. Beyond those, 17 other states currently have pending proposals on crypto reserves, according to Bitcoin Reserve Monitor, like <a href=\"https:\/\/igaming.org\/crypto\/illinois-moves-to-establish-first-state-level-bitcoin-reserve-in-the-u-s\/\">Illinois<\/a>, <a href=\"https:\/\/igaming.org\/crypto\/georgia-introduces-second-bitcoin-reserve-bill-with-no-investment-cap\/\">Georgia<\/a> and <a href=\"https:\/\/igaming.org\/crypto\/utah-poised-to-become-first-u-s-state-with-a-bitcoin-reserve\/\">Utah<\/a>.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of up to $2,500<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Michigan now joins Massachusetts and Ohio in moving bills through the committee process, underscoring the growing interest at the state level even as federal policy remains unsettled.<\/p>\n<h2>A New Impulse for the Bitcoin Reserve Discussion for U.S. States<\/h2>\n<p>The debate comes at a time when state-level initiatives have slowed after a flurry of Bitcoin reserve bills in 2023 and 2024. Michigan\u2019s move reignites the discussion, particularly with fiscal stabilization funds potentially being diversified into digital assets.<\/p>\n<p>Advocates argue that limited exposure\u2014such as the proposed 10% cap\u2014could provide upside potential without overwhelming risk, while critics warn of volatility and custody challenges. For Michigan, the bill\u2019s detailed security language is meant to ease those concerns.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/michigan-moves-crypto-reserve-bill-to-second-reading\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Michigan has inched closer to potentially holding digital assets in its state reserves. Lawmakers confirmed that House Bill 4087 moved to its second reading on Thursday and has now been referred to the Committee on Government Operations. Good to Know The bill allows Michigan\u2019s treasurer to [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":59700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/59699"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=59699"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/59699\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/59700"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=59699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=59699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=59699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}