michigan

ChainCatcher news, Michigan's Bitcoin Reserve Bill HB 4087 has made progress for the first time since February, advancing to the second reading stage in the House and submitted to the Government Operations Committee for review. The bill aims to allow the state government to invest up to 10% of state funds in cryptocurrency.

ChainCatcher news, according to a disclosed document from the U.S. Securities and Exchange Commission (SEC), the Michigan pension fund held 300,000 shares of the Ark Bitcoin Exchange-Traded Fund The ARK 21 Shares Bitcoin ETF (ARKB) as of June 30, with a holding value of approximately $10.7 million. This position has increased from the 100,000 shares reported on March 31.

ChainCatcher news, according to an official announcement from the U.S. Department of Justice, 26-year-old Jibreel Pratt from Michigan today pleaded guilty to two charges, including intending to donate cryptocurrency to the foreign terrorist organization ISIS. According to the plea agreement, in February 2023, Pratt proactively communicated with a confidential source, believing that the source could assist him in traveling abroad to join ISIS. In the following months, Pratt expressed his desire to join ISIS and recorded a video pledging allegiance. In March and May 2023, Pratt sent cryptocurrency to the confidential source, intending to use the funds to support acts of violence.Sentencing is scheduled for November 13, 2025, and Jibreel Pratt faces a maximum of 10 years in prison, a $250,000 fine, or both.

ChainCatcher news, according to decrypt, the Michigan House of Representatives has introduced four cryptocurrency-related bills, covering retirement fund investments in Bitcoin, opposition to Central Bank Digital Currency (CBDC), and encouraging Bitcoin mining companies to utilize abandoned oil wells for their operations.Among them, HB 4510 aims to allow state public retirement funds to invest in Bitcoin through regulated exchange-traded products; HB 4511 prohibits state government support for CBDC; HB 4512 and HB 4513 encourage mining companies to conduct mining at environmental remediation sites and provide tax incentives.

ChainCatcher news, according to Bitcoin Laws, the Michigan State Legislature has passed Resolution No. 100, designating May 13, 2025, as "Digital Asset Awareness Day." The resolution encourages activities and projects to deepen the public's understanding of digital assets and their impact on society and the economy.

ChainCatcher news, according to official sources, Securing American Greatness will host a large rally celebrating 100 days of Trump’s presidency, which will take place on April 29 in Michigan. Following this, Trump retweeted the event registration link on X.

ChainCatcher message, the important macro data to be released in the U.S. next week is as follows:March 25, 21:05, FOMC permanent voter, New York Fed President Williams will deliver opening remarks at an event;March 27, 01:10, FOMC voter, St. Louis Fed President Bullard will give a speech;March 27, 20:30, U.S. initial jobless claims for the week ending March 22 (in ten thousand), expected 22.5, previous value 22.3;March 27, 20:30, U.S. Q4 real GDP annualized quarterly rate final value, expected 2.3%, previous value 2.3%;March 28, 20:30, U.S. February core PCE price index year-on-year, expected 2.70%, previous value 2.60%;March 28, 22:00, U.S. March University of Michigan Consumer Confidence Index final value, expected 57.9, previous value 57.9.

ChainCatcher news, according to Cointelegraph, Michigan State Representatives Bryan Posthumus and Ron Robinson submitted HB 4087 on February 13, aiming to amend the state's Management and Budget Act to establish a Bitcoin strategic reserve.The bill allows the state treasury to invest up to 10% of the general fund and the economic stabilization fund in cryptocurrencies, and it can hold crypto assets through secure custody solutions or ETF products from registered investment companies. The bill also permits the state government to generate additional revenue through cryptocurrency lending. Currently, 20 states across the U.S. have proposed similar legislation.

ChainCatcher news, as reported by Cointelegraph, the $20 billion state pension fund in Michigan, USA, holds $9 million in Bitcoin ETF.

ChainCatcher news, according to Edison Research: Preliminary results from Michigan's exit polls show that Trump won 45% of female voters (up 2% from 2020), while Harris won 53%; Trump won 53% of white voters (down 2% from 2020), while Harris won 44%; Trump won 50% of voters under 45 (up 5% from 2020), while Harris won 47%; Trump won 48% of voters aged 45 and over (down 1% from 2020), while Harris won 50%; Trump won 43% of voters aged 65 and over (down 6% from 2020), while Harris won 55%.

ChainCatcher news, according to CNN, the election day in the key "swing state" of Michigan has started smoothly, according to the office of Secretary of State Jocelyn Benson.Officials stated that there have been no reports of significant voting issues or large-scale lines in the state, nor any reports of weather-related incidents or polling place closures.So far today, 8,000 absentee ballots have been returned, and more than 820 people have registered to vote through Michigan's same-day voter registration option.The Secretary of State's office reported that as of today, over 3.3 million voters in Michigan have cast their votes through early in-person voting and absentee voting, with a turnout rate of 45.8%.

ChainCatcher news, according to Bloomberg senior ETF analyst Eric Balchunas on the X platform, the Michigan state pension fund has purchased an Ethereum ETF. It is reported that the state pension fund had previously bought a Bitcoin ETF, but the scale of funds used to purchase the Ethereum ETF is larger than that used for the Bitcoin ETF ($10 million vs. $7 million).

ChainCatcher news, according to Watcher.Guru, the state of Michigan in the United States has included Bitcoin ETFs in its pension fund and disclosed a purchase of $6.6 million.In addition, according to financial data platform Fintel, the Michigan pension fund bought 110,000 shares of the ARKB Bitcoin spot ETF in the second quarter, valued at approximately $6.6 million.Previously reported, Steven Fulop, the mayor of Jersey City, New Jersey, announced on Thursday that the city's pension fund will allocate a certain percentage of its investments to Bitcoin exchange-traded funds (ETFs).