South Dakota currently limits state investments to traditional securities like government bonds, corporate bonds, and bank deposits—this bill adds Bitcoin to the list of allowable investments for state public funds. The change permits the state treasurer and other officials managing public money to invest a portion of state funds directly in cryptocurrency, making South Dakota one of the first states to officially authorize Bitcoin holdings for its treasury.
Commerce and Energy Deferred to the 41st legislative day Passed, YEAS 10, NAYS 3. H.J. 13
Commerce and Energy Scheduled for hearing
First read in House and referred to House Commerce and Energy H.J. 148
Prime sponsor · Rep.
R
Prime sponsor · Sen.
R
Cosponsors
Commerce and Energy — Deferred to the 41st legislative day