Michigan revives crypto reserve bill as digital asset momentum builds

**Michigan Cryptocurrency Reserve Bill Gains Momentum as State Eyes Digital Asset Investment**

Michigan lawmakers have revived House Bill 4087, a groundbreaking cryptocurrency reserve proposal that could authorize the state to invest public funds in digital assets including Bitcoin and other cryptocurrencies. The Management and Budget Act advanced to its second reading on September 18 and moved to the House Committee on Government Operations, marking significant progress after seven months of legislative dormancy.

This development positions Michigan among progressive states exploring blockchain technology integration and cryptocurrency adoption for government portfolios. The bill's revival reflects growing institutional acceptance of digital assets as legitimate investment vehicles, potentially signaling broader DeFi adoption at the state level.

If passed, Michigan would join a select group of jurisdictions leveraging cryptocurrency reserves to diversify public investment strategies. The legislation's advancement comes amid renewed market confidence in Bitcoin and alternative cryptocurrencies, with institutional investors increasingly viewing digital assets as hedge against inflation and portfolio diversification tools. This regulatory momentum could influence other states to consider similar cryptocurrency investment frameworks, potentially accelerating mainstream blockchain adoption across government sectors.