The new Michigan bills would permit Bitcoin pension investments, bar state CBDC support, and offer tax breaks for crypto mining at oil sites.

Kan., is still deciding whether to insist on a vote on a swipe fee amendment that could take down the bigger bill, if it passes.

Trump’s top crypto advisor David Sacks says the administration’s stablecoin bill is poised to pass with bipartisan support.

Asset manager Bitwise says the US stablecoin bill could be bigger than Bitcoin ETFs, and may spark a multi-year crypto bull run.

According to SB 21, the state can only use money from the reserve to buy cryptocurrency with an average market capitalization of at least $500 billion over the past 24 months. This means Texas would only be allowed to invest in large, established cryptocurrencies like Bitcoin and possibly Ethereum, depending on market conditions.

The Trump administration recently reached the 100-day mark, representing the end of a critical period for presidential administrations where

Experts said the bill's passage could be a "watershed," allowing crypto to gain a stronger foothold in mainstream financial markets.