Policy Reference

Michigan

Crypto law profiles, official sources, milestones, and related coverage for Michigan.

United States
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Law database

3 law profiles

Law / Bill
Draft Intro Committee Passed Enacted Effective
Michigan Bullion Depository and Michcoin Act (HB 4086) HB 4086 In committee Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Current Passed Passed: Pending Enacted Enacted: Pending Effective Effective: Pending

Sponsored by Alabas Farhat (D)

State finance: other; office of the Michigan bullion depository and Michcoin act; create. Creates new act.

Michigan HB 4086 would create a Treasury-administered bullion depository and Michcoin, a gold- and silver-backed digital currency. As of June 11, 2026, it is pending in House committee and has not been enacted.

Last action: Mar 19, 2026 - Re-referred to the House Committee on Communications and Technology.

Profile State source Michigan HB 4086 introduced bill text
Michigan Strategic Bitcoin Reserve Bill (HB 4087) HB 4087 In committee Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Current Passed Passed: Pending Enacted Enacted: Pending Effective Effective: Pending

Sponsored by Bryan Posthumus (R)

State finance: other; strategic bitcoin reserve; establish; amends section 351 of 1984 PA 431 (MCL 18.1351) and adds section 351a.

Michigan HB 4087 would let the state treasurer invest up to 10% of the general fund and rainy day fund in cryptocurrency, subject to custody and lending conditions. Pending in House committee as of Mar. 19, 2026.

Last action: Mar 19, 2026 - Re-referred to Committee on Communications and Technology after second-reading and discharge-related House actions.

Profile State source
Michigan HB 4510 Retirement Fund Crypto Investment HB 4510 Introduced Details Draft Draft: Completed Intro Introduced: Current Committee In committee: Pending Passed Passed: Pending Enacted Enacted: Pending Effective Effective: Pending

Sponsored by Bill Schuette (R)

Retirement: other; investment in cryptocurrency by certain retirement funds; allow. Amends 1965 PA 314 (MCL 38.1132 - 38.1141) by adding sec. 19c.

Pending Michigan bill that would let certain public employee retirement systems invest up to 5% of assets in qualifying cryptocurrency through exchange-traded products.

Last action: Mar 11, 2026 - Substitute (H-2) adopted and amended; placed on third reading in the House.

Profile State source

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