Michigan Lawmakers Push Forward Crypto Regulation With Four New Bills
Michigan lawmakers have proposed four new bills targeting various aspects of cryptocurrency. These include mining regulations, tax deduction policies, state treasury investments, and access to digital assets.
The effort builds on previous attempts to integrate crypto into state policy. Michigan joins a growing list of states acting under a more supportive federal stance on digital currencies.
Bill HB 4510 Targets Treasury Investments in Crypto
The first bill, HB 4510, seeks to revise the “Public Employee Retirement System Investment Act.” It would allow the state treasurer to invest in digital currencies with market caps above $250 billion.
Under the bill, any crypto held by the state must be in the form of an exchange-traded product (ETP) issued by a registered investment company. This adds a layer of regulatory oversight and transparency.
Earlier in February, a separate proposal suggested allowing up to 10% of Michigan’s general and economic stabilization funds to be invested in crypto. That bill aimed to both diversify holdings and improve returns, according to reporting by The Block.
Michigan Follows Broader Trend in State-Level Crypto Policy
These new proposals align with a nationwide trend. More states are exploring crypto legislation as federal agencies ease restrictions.
If passed, Michigan’s bills could open the door for broader institutional adoption, while setting legal standards for taxation and asset protection in the digital age.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
