Michigan has proposed four encryption bills covering Bitcoin pensions, opposition to CBDCs, and incentives for oil well mining.

PANews May 22 news, according to Decrypt, the Michigan legislature proposed four crypto assets-related bills on May 22, including allowing public pension funds to invest in Bitcoin through compliance ETFs (HB 4510), prohibiting state government support or promotion of CBDC (HB 4511), and encouraging businesses to conduct Bitcoin mining at abandoned oil wells through two accompanying bills (HB 4512, HB 4513) with tax incentives.