Michigan Pushes Crypto Innovation: New Bills Target Investments and Mining

Michigan lawmakers have introduced a series of bipartisan bills aimed at fostering cryptocurrency innovation and investment within the state. The proposals, unveiled by Rep. Bill Schuette and other Michigan legislators on May 21, 2025, seek to allow public pension funds to invest in regulated exchange-traded products tied to Bitcoin and Ethereum while also regulating related industries. This approach could position Michigan as a major player in the burgeoning world of crypto finance.