Summary
- The Michigan House of Representatives has announced a proposal for a bill to secure digital asset investments and strategic reserves.
- Bill 4087 includes provisions allowing investment in digital assets including Bitcoin.
- The bill specifies the diversification of state government investment options and inclusion of digital assets in the portfolio.
The Michigan House of Representatives has proposed a bill allowing investment and strategic reserve holdings in digital assets (cryptocurrencies).
According to The Block's report on the 14th (local time), Michigan State Representatives Brian Posthumus and Ron Robinson proposed 'Bill 4087' which includes provisions allowing investment in digital assets including Bitcoin.
House Bill 4087 includes provisions for the Michigan state government fund to diversify investment options and include digital assets in the state's investment portfolio.
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