South Dakota Lawmaker Reintroduces Bitcoin Reserve Bill, Proposing Up to 10% of Public Funds for BTC Investment

Odaily News South Dakota State Representative Logan Manhart reintroduced the Bitcoin Reserve Bill HB 1155 in the state legislature this Tuesday. The content is largely consistent with the version he proposed in 2025, which was subsequently shelved, with only minor revisions. The bill seeks to amend state law to allow the South Dakota Investment Council to allocate up to 10% of public funds to Bitcoin. Manhart posted on X, stating, "Sound money, strong state."

If the bill passes the state legislature and is signed by the governor, South Dakota will join the small number of U.S. states that allow state-level investment in or holding of Bitcoin. Currently, only Texas, Arizona, and New Hampshire have passed relevant legislation, while other states are also proposing similar bills one after another. (Cointelegraph)