HB 4511
State finance: other; limitations on holding a digital asset; prohibit. Creates new act.
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill prohibits Michigan from banning, requiring permits for, or otherwise restricting the holding of digital assets like cryptocurrencies. It also prevents state agencies from supporting the adoption of a central bank digital currency and prohibits restrictions on blockchain operations, transfers, and staking activities. Furthermore, it shields individuals who simply validate transactions from civil liability related to blockchain technology.
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Primary sponsor
Cosponsors
Joseph Aragona
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