Michigan’s push to establish a cryptocurrency reserve has taken a significant step forward. House Bill 4087, which seeks to diversify the state’s financial holdings through digital assets, advanced to its second reading in the state legislature this week. The bill, introduced earlier in 2025, is now under review by the Government Operations Committee after months of delay, signaling renewed political momentum behind the initiative. If passed, the bill would authorize the state treasurer to allocate up to 10% of Michigan’s general and stabilization funds into cryptocurrencies. Advocates argue that this move would ... (full story)