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Michigan Lawmakers Propose Four Crypto Bills Including $100 Billion Pension Fund Bitcoin Investment and Ban on State CBDC Advocacy

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Updated May 24, 2025, 12:39 AM

Michigan lawmakers have introduced four new bills aimed at regulating digital assets within the state. The proposed legislation seeks to establish clear state policies on cryptocurrency, limit federal oversight, and address various aspects of the crypto ecosystem. Key provisions include allowing Michigan's $100 billion state pension fund to invest in Bitcoin exchange-traded products (ETPs) and enabling state treasury investments in Bitcoin and Ethereum. The bills also propose tax deductions related to crypto activities, protections for digital assets, and a ban on state-level advocacy for a U.S.

central bank digital currency (CBDC). Additionally, the legislation covers regulations on cryptocurrency mining. These measures reflect Michigan's effort to create a comprehensive framework for digital asset management and investment at the state level.

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