TechFlow News, January 28: According to Cointelegraph, South Dakota State Representative Logan Manhart reintroduced the Bitcoin Reserve Act (HB 1155) on Tuesday—his second attempt since taking office in 2025. The bill seeks to amend state law to permit the State Investment Council to allocate up to 10% of public funds toward Bitcoin investments.
Manhart announced the bill on social media platform X, stating: “Strong currency, strong state.” This proposal is nearly identical to the one he introduced in 2025, which was deferred and ultimately failed to become law.
Currently, only Texas, Arizona, and New Hampshire have enacted laws permitting state governments to invest in Bitcoin or hold seized cryptocurrencies; however, similar legislative proposals have also been introduced by lawmakers in other jurisdictions.
