Michigan lawmakers moved a bill that would let the state hold crypto assets closer to a vote, advancing House Bill 4087 to a second reading in mid-September 2025.

According to reports, the proposal would change the Michigan Management and Budget Act to create a strategic crypto reserve under the control of the state treasurer.

Michigan Bill Allows Up To 10% Investment

The measure would let the state treasurer place up to 10% of certain state funds into qualifying digital currencies. The funds named include the countercyclical budget and the economic stabilization fund.

The bill does not list a single currency by name; rather it sets rules that a digital asset must meet to qualify. Those who back the bill say this gives the state a new tool to diversify holdings and hedge inflatio

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