TechFlow news, May 22 — According to Decrypt, the Michigan State Legislature has introduced four cryptocurrency-related bills.
Bill HB 4510 would allow the state treasury to invest in bitcoin through regulated exchange-traded products as part of pension funds;
Bill HB 4511 aims to prohibit state government support for central bank digital currencies (CBDC);
Bills HB 4512 and HB 4513 are complementary legislation focusing on bitcoin mining, permitting private companies to conduct bitcoin mining at abandoned oil wells and offering tax incentives to related businesses.




