To establish a clear framework for cryptocurrency in Michigan, the state legislature has introduced four new bills (Bills 4510-4513). These initiatives represent a comprehensive approach towards integrating digital assets into the state’s regulatory landscape. These bills address various aspects of crypto policy, including investment options and business regulations. 1) House Bill 4510, proposed by Rep. Bill Schutte, focuses on incorporating cryptocurrency investments into Michigan’s public employee retirement system. This bill requires the state treasurer to invest in virtual assets only if they meet specific market cap criteria (an average of $250 billion over the past year, with Bitcoin and Ethereum as eligible choices). 2) House Bill 4511 introduced by Rep. Bryan Posthumus aims to eliminate any restrictions on individuals holding digital assets or businesses engaging in cryptocurrency-related activities within state government. This bill prohibits state agencies from promoting or endorsing federal Central Bank Digital Currencies (CBDCs). 3) Rep. Mike McFall, who also introduced House Bill 4512, focuses on fostering a Bitcoin mining collaboration program leveraging abandoned oil and gas wells for energy production. The program incentivizes individuals to participate in the Bitcoin mining process by providing temporary rights to use these wells while they cover plugging, site restoration, and response activities. 4) House Bill 4513, introduced by Rep. McFall, seeks to exempt cryptocurrency-related income from state income tax within Michigan’s revised Income Tax Act. The bill clarifies the scope of eligible income and aligns with the program structure outlined in HB4512, offering clarity for taxpayers involved in this initiative. 5) Additionally, House Bill 4087, introduced on February 13, 2025, proposes that the state treasurer be authorized to allocate up to 10% of general funds and the Budget Stabilization Fund for cryptocurrency investments. This bill marks another step towards establishing a strategic cryptocurrency reserve within the state’s financial framework. 6) The proposed bills represent Michigan’s proactive approach in navigating the rapidly evolving landscape of digital assets, aiming to create a stable regulatory environment while embracing the potential of crypto technology.