Michigan lawmakers propose four new cryptocurrency related bills

Odaily Planet Daily News: The Michigan House of Representatives has proposed four cryptocurrency related bills, covering retirement fund investments in Bitcoin, opposition to the US central bank's digital currency (CBDC), and encouraging Bitcoin mining companies to use abandoned oil wells for business. Among them, HB 4510 intends to allow state public retirement funds to invest in Bitcoin through regulated exchange traded products; HB 4511 prohibits state governments from supporting CBDC; HB 4512 and HB 4513 encourage mining companies to conduct mining at environmental remediation sites and provide tax exemptions. （Decrypt）