Minnesota Senator Jeremy Miller, transitioning from skepticism to support for Bitcoin, has proposed the Minnesota Bitcoin Act aimed at fostering crypto investment in the state.

The act allows the Minnesota State Board of Investment to invest in Bitcoin and other cryptocurrencies, enabling residents to pay taxes with Bitcoin and enjoy tax relief on crypto investment gains.

As Minnesota joins a trend, 39 related bills have been introduced in 23 states, reflecting a growing acceptance of cryptocurrencies in various US legislative frameworks.