South Dakota currently restricts state investment of public funds to traditional securities like government bonds, corporate debt, and bank deposits. This bill adds Bitcoin to the list of allowable investments for state public funds, allowing the state to purchase and hold cryptocurrency as part of its investment portfolio. The change permits—but does not require—state officials to invest taxpayer money in Bitcoin alongside conventional investments.
Commerce and Energy Deferred to the 41st legislative day Passed, YEAS 9, NAYS 3.
Commerce and Energy Scheduled for hearing
House of Representatives Referred to House Commerce and Energy H.J. 223
First read in House and referred to House State Affairs H.J. 170
Prime sponsor · Rep
R
Dist. HD-001
Commerce and Energy — Deferred to the 41st legislative day