Michigan lawmakers introduce 4 crypto bills as Congressmen revive Blockchain Regulatory Certainty bill
The post Michigan lawmakers introduce 4 crypto bills as Congressmen revive Blockchain Regulatory Certainty bill appeared on BitcoinEthereumNews.com. Michigan’s HB 4510 allows pension funds to invest in crypto ETFs. HB 4512 enables Bitcoin mining at abandoned oil or gas wells. HB 4513 offers income tax breaks to miners in remediation schemes. State and federal lawmakers are charting a new course for cryptocurrency in the United States. In Michigan, a legislative package of four crypto-focused bills is moving forward, combining pension fund exposure, environmental cleanups, and digital asset rights. At the same time, lawmakers in Washington have reintroduced a bill to clarify the regulatory obligations of blockchain developers and non-custodial providers. These coordinated efforts aim to balance innovation with accountability, as regulators seek to provide legal clarity without stifling decentralised finance. The push reflects a growing political will to define crypto’s role within the broader financial and technological landscape. Michigan bill allows crypto in pension funds One of the most significant pieces of Michigan’s legislation is House Bill 4510, which would permit state-managed retirement systems to invest in cryptocurrencies through regulated financial products, such as exchange-traded funds (ETFs). These investment vehicles must meet market capitalisation thresholds and be overseen by relevant financial authorities, offering a relatively conservative pathway for exposure to assets like Bitcoin. The proposal comes amid rising institutional interest in crypto and growing demand for diversified, inflation-resistant portfolios. If passed, the bill would position Michigan among a small group of US states, enabling public pension managers to hold crypto-linked assets under regulatory safeguards. Mining linked to abandoned wells and tax breaks In a bid to align crypto with environmental responsibility, Michigan’s HB 4512 and HB 4513 introduce an energy reuse programme targeting abandoned oil and gas wells. Under the plan, Bitcoin miners would be allowed to power operations using these dormant energy sites, provided they remediate environmental damage. Ownership transfers, well site assessments, and environmental progress tracking…
The post Michigan lawmakers introduce 4 crypto bills as Congressmen revive Blockchain Regulatory Certainty bill appeared on BitcoinEthereumNews.com.
Michigan’s HB 4510 allows pension funds to invest in crypto ETFs. HB 4512 enables Bitcoin mining at abandoned oil or gas wells. HB 4513 offers income tax breaks to miners in remediation schemes. State and federal lawmakers are charting a new course for cryptocurrency in the United States. In Michigan, a legislative package of four crypto-focused bills is moving forward, combining pension fund exposure, environmental cleanups, and digital asset rights. At the same time, lawmakers in Washington have reintroduced a bill to clarify the regulatory obligations of blockchain developers and non-custodial providers. These coordinated efforts aim to balance innovation with accountability, as regulators seek to provide legal clarity without stifling decentralised finance. The push reflects a growing political will to define crypto’s role within the broader financial and technological landscape. Michigan bill allows crypto in pension funds One of the most significant pieces of Michigan’s legislation is House Bill 4510, which would permit state-managed retirement systems to invest in cryptocurrencies through regulated financial products, such as exchange-traded funds (ETFs). These investment vehicles must meet market capitalisation thresholds and be overseen by relevant financial authorities, offering a relatively conservative pathway for exposure to assets like Bitcoin. The proposal comes amid rising institutional interest in crypto and growing demand for diversified, inflation-resistant portfolios. If passed, the bill would position Michigan among a small group of US states, enabling public pension managers to hold crypto-linked assets under regulatory safeguards. Mining linked to abandoned wells and tax breaks In a bid to align crypto with environmental responsibility, Michigan’s HB 4512 and HB 4513 introduce an energy reuse programme targeting abandoned oil and gas wells. Under the plan, Bitcoin miners would be allowed to power operations using these dormant energy sites, provided they remediate environmental damage. Ownership transfers, well site assessments, and environmental progress tracking…
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