Michigan Goes Crypto: Lawmakers Drop Four Bold Bills to Reshape Digital Asset Rules
Michigan’s political machine is revving up for crypto—state lawmakers just unveiled four new bills aiming to redefine how digital assets operate in the Great Lakes State. From tax tweaks to regulatory guardrails, the proposals could set a precedent for other Midwestern markets.
One bill pushes for clearer crypto tax reporting—because nothing says ’adoption’ like handing Uncle Sam his cut. Another targets consumer protections, forcing platforms to actually disclose risks before users YOLO their savings into meme coins. The remaining two? They’re all about licensing frameworks for exchanges and custody providers—because letting crypto firms operate wild west-style is so 2017.
Wall Street won’t like this: the legislation could undercut traditional finance’s stranglehold on asset management. But with Michigan’s auto industry flirting with blockchain for supply chains, these bills might just be the spark that ignites the Rust Belt’s crypto revolution—or another layer of bureaucratic quicksand. Place your bets.
