Michigan has officially declared May 13 as Digital Asset Awareness Day, just months after it had joined 30+ U.S. states in the Bitcoin reserve race.
The Michigan House of Representatives has officially adopted House Resolution 100, declaring May 13 as Digital Asset Awareness Day across the state.
“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 states.
The bipartisan resolution was sponsored by Representatives Jaime Greene and Joseph Fox. It encourages academic institutions, government bodies, and private sector companies to organize initiatives that “foster a deeper understanding of digital assets and their impact on our society and economy.”
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Michigan’s designation of Digital Asset Awareness Day comes on the heels of the state joining the growing list of U.S. states exploring Bitcoin-backed reserves.
On Feb. 13, Representatives Bryan Posthumus and Ron Robinson introduced House Bill 4087, making Michigan the 20th state to consider legislation establishing a strategic crypto reserve. The proposed bill would authorize the state treasurer to invest up to 10% of both the general fund and the economic stabilization fund into digital assets. The legislation also allows for crypto lending, provided it does not increase the state’s financial exposure.
While Michigan lays the groundwork, New Hampshire and Arizona have taken the lead in the Strategic Bitcoin Reserve race, with both enacting SBR laws in early May.
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