Four new bills have been introduced by Michigan lawmakers focusing on cryptocurrencies. The proposals cover topics such as state retirement funds, central bank digital currencies (CBDCs), and Bitcoin mining. 🎧 🎙️ Rep. Bill Schuette’s HB 4510 proposes allowing the state treasurer to invest in cryptocurrencies with a market cap above $250 million. Currently only Bitcoin and Ether meet this criteria. The bill would also require investments be held through registered investment companies. 📈 Similar legislation, HB 4511, introduced by Rep. Bryan Posthumus, aims to prevent Michigan from banning or licensing crypto holdings while prohibiting state officials from supporting a CBDC from the federal government. It defines advocating for a CBDC as issuing statements endorsing its testing, adoption or implementation. The third bill, HB 4512, focuses on Bitcoin mining with abandoned oil and gas sites. It would create a program allowing operators to set up mines, while HB 4513 amends Michigan’s income tax laws to include income generated by the program.