Michigan lawmakers introduce new crypto bills covering state investments, mining, and CBDCs
Crypto NewsFriday, May 23, 2025 at 8:17:08 AM
Michigan lawmakers are stepping into the crypto fray with four new bills that could reshape how the state interacts with digital currencies. The proposals cover a range of issues—from banning public pension funds from investing in crypto to offering tax breaks for mining operations and restricting state support for central bank digital currencies (CBDCs). It’s a mixed bag of rules that could either encourage or stifle crypto activity in Michigan, depending on how they play out.
Editor’s Note: Crypto’s wild west days might be numbered as states like Michigan start laying down ground rules. These bills could set important precedents—like whether public money should touch crypto or if mining gets treated like a favored industry. For Michiganders, it’s a sign that local lawmakers are finally catching up to the crypto boom, but whether that’s good or bad depends on which side of the blockchain you’re on.
— Curated via WP Now’s
