South Dakota Strategic Bitcoin Reserve
Current status is REJECTED
HB1202 to permit state Bitcoin investment failed in House Commerce and Energy Committee
Using rainy day funds, South Dakota could purchase 3,230 BTC assuming a BTC price of $100,000
Timeline
REJECTED
HB1202 failed in House Commerce and Energy Committee hearing
Key Details:
Would have permitted state investment in Bitcoin
Failed in House Commerce and Energy Committee
Bipartisan group of 6 Republican sponsors
PROPOSED
HB1202 introduced to permit state investment in Bitcoin
Key Details:
Would permit state to invest in Bitcoin
Sponsored by Rep. Manhart and 5 other Republicans
Referred to House Commerce and Energy Committee
PROPOSED
Rep. Logan Manhart announces plans to introduce Strategic Bitcoin Reserve bill in South Dakota House
Read More →NOT PROPOSED
No proposed legislation
Rainy day fund data source: National Association of State Budget Officers