Odaily News Michigan Congressmen Bryan Posthumus and Ron Robinson filed HB 4087 on February 13, proposing to amend the state's Management and Budget Act to establish a strategic reserve of Bitcoin. The bill allows the state treasury to invest in cryptocurrencies from the general fund and the economic stabilization fund, with a cap of 10%, and to hold crypto assets through secure custody solutions or ETF products of registered investment companies. The bill also allows the state government to obtain additional income through cryptocurrency lending. Currently, 20 states across the United States have proposed similar bills. (Cointelegraph)