- Michigan files crypto bills impacting retirement funds, mining, and CBDCs.
- Bipartisan legislation introduces new crypto standards in Michigan.
- Focused on Bitcoin and Ethereum public investments.
Rep. Bill Schuette and other Michigan lawmakers introduced four bipartisan crypto bills on May 21, 2025, aiming to allow pension fund investments in cryptocurrencies like Bitcoin and Ethereum and regulate related industries in the state.
The new legislation could position Michigan as a significant player in crypto finance, potentially enabling public pension investments in leading cryptocurrencies. This proposal comes amidst ongoing debates on crypto’s role in public finance.
The bills, introduced by lawmakers including Rep. Bill Schuette, seek to allow public retirement funds to invest in regulated exchange-traded products tied to Bitcoin and Ethereum while limiting direct crypto custody. The initiative highlights Michigan’s intent to explore blockchain solutions.
If passed, Bitcoin and Ethereum would be the prime beneficiaries of institutional interest from Michigan’s public pension plans. The bills also propose banning state support for Central Bank Digital Currencies (CBDCs) and establishing a tax-advantaged bitcoin mining program.
These legislative efforts underscore Michigan’s growing focus on crypto innovation, anticipating increased scrutiny from industries and financial institutions. The potential regulatory changes could steer new investments and shape emerging markets within the state.
“Michigan lawmakers introduced several bipartisan bills today that seek to position the state as a leader in cryptocurrency and blockchain innovation.” — Sam Robinson, Policy Analyst, Twitter.
The discussion reflects broader national trends, with other states exploring similar prospects, yet the direct impact remains speculative until official pension allocations occur. The proposed ETP investment path aligns with historical precedents, setting the stage for cautious optimism among crypto proponents.
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