Michigan Goes All-In: Declares May 13 as Digital Asset Awareness Day!

From Bitcoin Reserves to Public Awareness, Michigan's Crypto Journey Heats Up

Hold onto your hats, crypto fans! Michigan just dropped a bombshell by officially declaring May 13 as Digital Asset Awareness Day. And guess what? This move comes hot on the heels of the state joining over 30 U.S. states in the wild race for Bitcoin reserves. Talk about timing!

The Michigan House of Representatives isn't messing around. They've slammed the gavel on House Resolution 100, making May 13 a statewide celebration of all things digital assets. It's official, folks!

"Designating a day to recognize and promote awareness of digital assets will encourage informed dialogue, responsible innovation, and collaborative efforts among stakeholders across the state," the resolution boldly declares. You can feel the energy!

This isn't just some party trick. The bipartisan resolution, backed by Representatives Jaime Greene and Joseph Fox, is calling on everyone from schools to government offices and private companies to step up. They want initiatives that "foster a deeper understanding of digital assets and their impact on our society and economy." It's time to get educated, people!

But wait, there's more! Michigan's Digital Asset Awareness Day announcement comes right after the state threw its hat into the ring of U.S. states exploring Bitcoin-backed reserves. The excitement is palpable!

Back on Feb. 13, Representatives Bryan Posthumus and Ron Robinson shook things up with House Bill 4087, making Michigan the 20th state to consider diving into the crypto reserve pool. This bill isn't playing around—it would let the state treasurer invest up to 10% of both the general fund and the economic stabilization fund into digital assets. And they're even looking at crypto lending, as long as it doesn't crank up the state's financial risk. Bold moves, Michigan!

While Michigan is laying down the groundwork, New Hampshire and Arizona are already sprinting ahead in the Strategic Bitcoin Reserve race. Both states enacted SBR laws in early May, setting the pace for the rest of the country. The race is on, and it's anyone's game!