Michigan Bitcoin Legislation
active bitcoin legislation in michigan
Check this website for updates on Bitcoin-related bills, brief analysis and recommendations for the legislation, and action items on how to support or oppose the legislation.
Permits digital asset mining in industrial zones without special approvals and restricts localities from adding undue zoning requirements.
Establishes a system for issuing gold and silver-based currency and digital currency, creates the Michigan Bullion Depository and a state-backed Stablecoin.
Allows the State to invest up to 10% of certain state funds in cryptocurrency, with specific guidelines for secure management and potential loaning of these assets.
Allows cryptocurrency to be used in a public employee retirement system investment.
Creates a Crypto 'Bill of Rights' that includes broad protections for Bitcoin holders, businesses, innovators and entrepreneurs in the state of Michigan.
Sets up a process for orphaned oil and gas wells to be hooked up to Bitcoin miners and use excess energy to mine Bitcoin.
Adjusts the state income tax so any income acquired through provisions in HB4512 can be deducted for tax purposes.
