Michigan’s Bitcoin Reserve Bill Finally Advances After 7-Month Stall

After gathering dust for over half a year, Michigan's proposed Bitcoin reserve legislation just got a second wind—proving that even government moves at crypto speed sometimes.

The Long Wait

Seven months. That’s how long this bill sat idle—stuck in committee purgatory while the crypto world kept spinning. No hearings, no debates, just bureaucratic silence.

Why It Matters Now

States aren’t just watching crypto anymore; they’re jumping in. If Michigan adds Bitcoin to its treasury, it joins a small but growing club of governments betting on digital gold over traditional bonds. Talk about a hedge against inflation—or just another political punt disguised as innovation.

What’s Next?

Lawmakers finally dusted off the proposal. Next stop: floor debates, amendments, and the usual political theater. Will it pass? Maybe. Will it make Michigan the Ohio of the North? Only if they actually buy the Bitcoin—not just talk about it.

One cynical finance jab: Because nothing says 'fiscal responsibility' like letting politicians trade volatility on taxpayer dime.