Advocacy News – Dec. 11, 2025
What’s happening: The House Committee on Economic Competitiveness advanced two bills this week that would encourage the use of cryptocurrency as an investment option in Michigan.
- HB 4510 would allow up to 5% of State of Michigan retirement system assets to be invested in large cap cryptocurrency (market capitalization of at least $250 billion) – but only through exchange-traded products issued by registered investment companies.
- HB 4511 would bar state and local governments from:
- Banning or penalizing the holding or use of digital assets.
- Adding extra taxes or fees solely because a digital asset is used as payment.
- Prohibiting blockchain activity like transferring digital assets, or staking.
- Requiring permits or licenses just to hold digital assets.
Why it matters: These bipartisan bills open the door for an alternative investment strategy beyond traditional currency options. They would also set parameters for how government regulates digital assets and potentially shape Michigan’s competitiveness and economic growth in a fast-growing and changing investment space.
We want to hear from you: Your feedback will help the Chamber better understand the business community’s perspective and guide our future action on cryptocurrencies.
- Does your company currently invest in or accept cryptocurrency or other digital assets?
- Would allowing state retirement funds to invest up to 5% in crypto concern you or create opportunities?
- What risks, benefits or guardrails do you think lawmakers should consider?
Share your thoughts: Email Mike Alaimo with Qs or take this short survey today.