Michigan Legislators Introduce Four New Cryptocurrency-Related Bills
Decrypt reports that Michigan lawmakers have introduced four crypto-related bills, including HB 4510, which would allow public retirement funds to invest in Bitcoin through regulated exchange-traded products. HB 4511 aims to prevent state support for a U.S. central bank digital currency, prohibiting state agencies from licensing, taxing, or officially promoting CBDCs. Two companion bills, HB 4512 and HB 4513, encourage Bitcoin mining at abandoned oil wells and offer tax incentives to companies that restore environmental sites in exchange for mining rights.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Law Enforcement Seizes Domains Linked to LummaC2 Malware
Stablecoin Cross-Border Payment Infrastructure Company OpenFX Raises $23 Million in Funding Led by Accel
Strategy plans to sell 10% of its preferred stock, valued at $2.1 billion
After a Brief Dip in SUI, James Wynn Goes 10x Long on 3.3 Million SUI
Trending news
MoreCrypto prices
More
