Odaily Planet Daily News The Michigan House of Representatives has proposed four crypto-related bills, covering retirement fund investment in Bitcoin, opposition to the U.S. central bank digital currency (CBDC), and encouragement of Bitcoin mining companies to use abandoned oil wells to conduct business.
Among them, HB 4510 intends to allow state public retirement funds to invest in Bitcoin through regulated exchange-traded products; HB 4511 prohibits state governments from supporting CBDC; HB 4512 and HB 4513 encourage mining companies to conduct mining in environmental restoration sites and provide tax breaks. (Decrypt)