Michigan’s state representatives, Bryan Posthumus and Ron Robinson, introduced House Bill 4087, allowing for state investments in cryptocurrencies, including Bitcoin. The proposed bill suggests investing up to 10% of the treasury’s general and economic stabilization funds in crypto, helping diversify investment opportunities.

Around 20 U.S. States are considering or have already proposed similar legislation regarding state-level crypto investments. This legislative wave indicates a significant interest amongst state lawmakers in incorporating cryptocurrencies into their financial strategies, especially with rising interest in Bitcoin.