{"id":28210,"date":"2025-05-23T04:16:51","date_gmt":"2025-05-23T04:16:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=28210"},"modified":"2025-05-23T04:16:51","modified_gmt":"2025-05-23T04:16:51","slug":"michigan-crypto-legislation-4-new-bills-introduced","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=28210","title":{"rendered":"Michigan Crypto Legislation: 4 New Bills Introduced"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Michigan might not be the first place that comes to mind when you think of crypto innovation, but that could be about to change. A group of state lawmakers has introduced four new bills aimed at weaving cryptocurrency into Michigan\u2019s financial and environmental landscape. The proposals touch on everything from retirement savings to mining in abandoned oil fields, and yes, there\u2019s even a line drawn in the sand when it comes to government-controlled digital money. If passed, this Michigan crypto legislation could turn the state into a blueprint for how local governments engage with digital assets.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Letting Public Pensions Buy Bitcoin<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">One of the most attention-grabbing parts of this legislative package is <a class=\"general-link\" href=\"https:\/\/legislature.mi.gov\/documents\/2025-2026\/billintroduced\/House\/htm\/2025-HIB-4510.htm\" target=\"_blank\" rel=\"nofollow noopener nofollow\">House Bill 4510<\/a>. It proposes allowing Michigan\u2019s public retirement systems, the funds that pay teachers, first responders, and other state workers after they retire, to invest in cryptocurrencies.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Michigan lawmakers introduced several bipartisan bills today that seek to position the state as a leader in crypocurrency and blockchain innovation: <a href=\"https:\/\/t.co\/HhKVZKwaX1\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/HhKVZKwaX1<\/a><\/p>\n<p>\u2014 Sam Robinson (@samueljrob) <a href=\"https:\/\/twitter.com\/samueljrob\/status\/1925558647200907509?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">May 22, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">But the bill doesn\u2019t open the floodgates. Only cryptocurrencies with a market cap of at least $250 billion over the past year would be eligible. Right now, that means Bitcoin and Ethereum. Even then, investments would only be allowed through regulated exchange-traded products, not direct crypto buys.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In other words, Michigan isn\u2019t betting the pension fund on Dogecoin. The bill is designed to give pensions some exposure to crypto while keeping risk tightly managed. Lawmakers supporting the measure argue that adding Bitcoin could diversify the state\u2019s portfolio and potentially boost long-term <\/span><span data-preserver-spaces=\"true\">returns,<\/span><span data-preserver-spaces=\"true\"> if done carefully.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"noopener\">9+ Best High-Risk, High-Reward Crypto to Buy in May 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">No Love for a Digital Dollar<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The second bill, <a class=\"general-link\" href=\"https:\/\/legislature.mi.gov\/documents\/2025-2026\/billintroduced\/House\/htm\/2025-HIB-4511.htm\" target=\"_blank\" rel=\"nofollow noopener nofollow\">House Bill 4511<\/a>, takes a stand against something that\u2019s been stirring debate on a national level: central bank digital currencies, or CBDCs. These are government-issued digital currencies that some countries are already experimenting with. The U.S. is still in the research phase, but this bill says Michigan doesn\u2019t want any part of it.<\/span><\/p>\n<p><strong><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_682ff3ef4e3a5\" data-coin-id=\"btc-bitcoin\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n                <img id=\"crypto_chart_682ff3ef4e3a5-chart__info-icon-img\">\n            <\/div>\n<div class=\"chart__info-name\" id=\"crypto_chart_682ff3ef4e3a5-chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_682ff3ef4e3a5-chart__info-symbol\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_682ff3ef4e3a5-chart__info-price\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_682ff3ef4e3a5-chart__info-marketcap\">&#8211;<\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\" id=\"crypto_chart_682ff3ef4e3a5-btn-24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\" id=\"crypto_chart_682ff3ef4e3a5-btn-7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\" id=\"crypto_chart_682ff3ef4e3a5-btn-30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\" id=\"crypto_chart_682ff3ef4e3a5-btn-1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_682ff3ef4e3a5-btn-all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\" id=\"crypto_chart_682ff3ef4e3a5-btn-log\">Log<\/button>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n        <canvas class=\"chart__canvas\" id=\"crypto_chart_682ff3ef4e3a5-cryptoChart\"><\/canvas>\n    <\/div>\n<\/div>\n<p><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Specifically, the bill would stop state agencies from helping to roll out or promote a U.S. digital dollar. It also says that people in Michigan shouldn\u2019t need a special license or pay extra taxes just for using crypto. The message here is pretty clear, Michigan wants to support financial freedom, not more oversight.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Cleaning Up Old Oil Sites with Bitcoin Mining<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The other two bills focus on Bitcoin <\/span><span data-preserver-spaces=\"true\">mining,<\/span><span data-preserver-spaces=\"true\"> but with a Michigan twist. Through <a class=\"general-link\" href=\"https:\/\/legislature.mi.gov\/documents\/2025-2026\/billintroduced\/House\/htm\/2025-HIB-4512.htm\" target=\"_blank\" rel=\"nofollow noopener nofollow\">House Bill 4512<\/a>, lawmakers are proposing that mining operations be encouraged to set up shop at abandoned oil and gas wells across the state. Instead of leaving these sites to slowly decay, the idea is to turn them into power sources for blockchain infrastructure.<\/span><\/p>\n<p>Meanwhile, <span data-preserver-spaces=\"true\"><a class=\"general-link\" href=\"https:\/\/legislature.mi.gov\/documents\/2025-2026\/billintroduced\/House\/htm\/2025-HIB-4513.htm\" target=\"_blank\" rel=\"nofollow noopener nofollow\">House Bill 4513<\/a> proposes tax incentives for companies that participate in Bitcoin mining. If the plan works, it could turn environmental liabilities into economic opportunities, especially in rural or post-industrial areas that have seen better days.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\"><strong style=\"font-size: 16px\">DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"noopener\">The 12+ Hottest Crypto Presales to Buy Right Now<\/a><\/strong><\/span><\/h2>\n<h2><span data-preserver-spaces=\"true\">What This Could Mean<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">This bundle of crypto bills doesn\u2019t just show interest, it shows ambition. While other states have dipped their toes into the crypto pool, Michigan is trying to dive in with a set of policies that touch <\/span><span data-preserver-spaces=\"true\">investment<\/span><span data-preserver-spaces=\"true\">, regulation, energy use, and personal privacy.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Whether all four bills pass is still up in the air. But if even a couple <\/span><span data-preserver-spaces=\"true\">move<\/span><span data-preserver-spaces=\"true\"> forward, Michigan could find itself on the front line of the next big shift in state-level crypto policy.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Michigan lawmakers have introduced four new crypto-focused bills covering Bitcoin investments, mining incentives, and opposition to CBDCs.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        House Bill 4510 would allow public retirement funds to invest in Bitcoin and Ethereum through regulated exchange-traded products only.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        House Bill 4511 pushes back against a U.S. digital dollar, banning state agencies from supporting CBDC rollout or implementation in Michigan.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        New proposals aim to repurpose abandoned oil and gas wells for Bitcoin mining operations, pairing energy reuse with blockchain development.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The bill package positions Michigan as a rising crypto-friendly state, exploring investment, infrastructure, and tax policy all in one move.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/adoption\/michigan-crypto-legislation-4-new-bills-introduced\/\">Michigan Crypto Legislation: 4 New Bills Introduced<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Michigan might not be the first place that comes to mind when you think of crypto innovation, but that could be about to change. A group of state lawmakers has introduced four new bills aimed at weaving cryptocurrency into Michigan\u2019s financial and environmental landscape. The proposals touch on everything from retirement savings to mining in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-28210","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28210"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28210\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}