Michigan advances HB 4087 bill, intending to use 10% state funds as strategic reserves for Bitcoin
Source: CoinWorld
Time: 2025-09-19 05:42:35
According to Coinjie.com, ME News, on September 19 (UTC+8), Michigan, the United States, promoted the HB 4087 Act, intending to require the state finance to allocate up to 10% of available funds to Bitcoin as a strategic reserve. This is the first legislative proposal in the United States to explicitly include Bitcoin in the state's fiscal reserves. The bill has been passed at the House Committee stage and will be submitted to the whole house for consideration next. If approved, state finance officials may hold Bitcoin through qualified custody agencies or exchange products and must comply with secure custody, governance and audit requirements.