This resolution urges (but does not require) the State Investment Council to purchase Bitcoin and other digital assets as part of South Dakota's state investment portfolio. The resolution does not change any existing law—it is a non-binding request based on the argument that Bitcoin could help protect the state's finances against inflation, similar to holdings already maintained by some countries and large investors.
This bill does not directly amend codified state law.
Commerce and Energy Tabled Passed, YEAS 13, NAYS 0.
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. 169
Prime sponsor · Rep
R
Dist. HD-001
Commerce and Energy — Tabled