In a significant development for digital asset adoption in the United States, lawmakers in Michigan have proposed a series of four new pro-crypto bills aimed at boosting Bitcoin investment, halting central bank digital currency (CBDC) support, and encouraging environmentally friendly crypto mining.
The legislative package, recently introduced in the Michigan House, signals a growing trend among U.S. states to carve out crypto-friendly policies amid an evolving global financial landscape.
The first of these proposals, House Bill 4510, would permit Michigan’s public pension funds to invest in Bitcoin—but with some guardrails. To ensure stability and protect pensioners, only large-scale pension funds with an average market value of at least $250 billion over the past year would be eligible to allocate capital to BTC.
This move could potentially open the door for regulated exposure to Bitcoin via exchange-traded funds (ETFs), providing a pathway for institutional investment into the world’s leading digital asset. It aligns with broader U.S. trends as spot Bitcoin ETFs have gained major traction following SEC approvals earlier in 2025.
A second bill, House Bill 4511, outlines a clear stance against government involvement with central bank digital currencies.
The bill prohibits any Michigan government entity from promoting, supporting, or even licensing activities related to a U.S. central bank digital currency (CBDC). The lawmakers behind the bill argue that CBDCs could infringe on financial privacy and centralize monetary control, running contrary to the core principles of decentralized digital assets like Bitcoin.
This makes Michigan the latest U.S. state to push back against potential federal CBDC initiatives, echoing moves by Florida and Texas, where officials have already raised concerns about government-issued digital currencies.
The third and fourth bills in the package—House Bills 4512 and 4513—focus on the intersection of crypto mining and environmental sustainability.
Specifically, they propose tax incentives for companies that engage in Bitcoin mining operations in abandoned oil fields. The idea is to use flared or wasted natural gas to power mining rigs, transforming environmental hazards into productive energy.
This model of energy recycling through Bitcoin mining has gained momentum across the U.S., particularly in Texas and North Dakota, where oil field crypto mining is already underway. Michigan’s legislation could make it a new hub for eco-friendly blockchain infrastructure, providing both economic and environmental benefits.
These proposals come on the heels of New Hampshire’s recent approval of a bill allowing state-managed crypto investments, marking a first of its kind in the U.S. Several states are now actively developing regulatory frameworks to attract blockchain businesses, investment capital, and Web3 innovation.
This growing trend highlights a key dynamic: while federal crypto regulations remain uncertain, U.S. states are stepping in to provide clarity and opportunity for both investors and entrepreneurs.
If passed, Michigan’s bills could:
Increase institutional Bitcoin demand through retirement fund allocations
Strengthen the political stance against centralized digital currencies
Spur job creation and tech innovation through mining incentives
Promote environmentally conscious blockchain adoption
It’s a powerful signal to the crypto industry that U.S. states are willing to compete for leadership in the digital asset space—especially as global regulatory frameworks begin to tighten.
Although these bills are specific to Michigan, the implications could be far-reaching. With more states like Texas, Florida, Wyoming, and New Hampshire embracing crypto innovation, momentum is building toward a patchwork of crypto-friendly states, even if federal clarity remains elusive.
In a time when digital assets are being recognized not just as speculative tools but also as strategic investments and infrastructure enablers, Michigan’s bold legislative package is a noteworthy development for Bitcoin, crypto miners, and long-term investors alike.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
Get the latest Crypto & Blockchain News in your inbox.
Join Now