Tag Archives: financial strategy

South Carolina is positioning itself as a pioneer in state-level Bitcoin adoption with House Bill H4256. This proposed legislation would allow the state to invest up to 10% of its managed funds in Bitcoin, aiming to hedge against inflation and diversify financial reserves. NEW: SOUTH CAROLINA Bitcoin Reserve Bill H4256 would allow the State Treasurer to invest 10% of state funds into Bitcoin. The Bitcoin reserve would have a hard ceiling of 1 million BTC. Sponsored by Rep. Jordan...

On February 13, a new bill (HB 4087) was introduced in Michigan, paving the way for the state’s first Bitcoin investment plan. Representatives Bryan Posthumus and Ron Robinson introduced the bill to modernize the state’s financial laws and incorporate cryptocurrencies into its investment strategy. This step is a significant milestone, as Michigan now joins a growing number of U.S. states that are legally addressing the handling of digital assets. Details of the Bill The bill allows Michigan’s...