The Michigan legislature has introduced four cryptocurrency bills related to pension investments and Bitcoin mining.

According to Gate News bot, Decrypt reported that the Michigan legislature recently proposed four bills related to Crypto Assets. Among them, the HB 4510 bill allows public pensions to invest in Bitcoin through Compliance ETF; the HB 4511 bill prohibits state government support or promotion of CBDC.

In addition, two accompanying bills, HB 4512 and HB 4513, aim to support businesses in utilizing abandoned oil wells for Bitcoin mining activities and provide tax incentives for related companies.

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