Key Notes

The legislation aims to create financial stability during periods of economic recession and high unemployment.

Michigan joins Arizona, New Hampshire, and Texas in advancing cryptocurrency reserve legislation at state level.

Nearly two dozen additional states including Illinois, Kentucky, and Pennsylvania have similar bills under review.

The US state of Michigan recently advanced a bill to establish a 10% cryptocurrency reserve. The legislation has been referred to the Committee on Government Operations.

The legislation, dubbed House Bill 4087, was originally introduced on February 13, 2025. It was initially referred to the Committee on Communications and Technology before lying dormant from February 18 through September 18 when it was placed on a “second reading” and advan

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