Michigan officially declared Digital Asset Awareness Day on 13 May, only a few months after it joined 30+ American states in the Bitcoin Reserve Race.
The House of Representatives of Michigan has officially accepted House resolution 100, explains May 13 as Digital Asset Awareness Day in the entire state.
“The designation of a day to recognize and promote the consciousness of digital assets will encourage the informed dialogue, responsible innovation and cooperation efforts among stakeholders throughout the state” states.
The dual resolution was sponsored by representatives Jaime Greene and Joseph Fox. It encourages academic institutions, government agencies and private companies to organize initiatives that “promote a deeper insight into digital assets and their impact on our society and economy.”
The designation of Michigan of Digital Asset Awareness Day is on the heels of the state participating in the growing list of US states that explore Bitcoin-stunned reserves.
On 13 February, representatives Bryan Posthumus and Ron Robinson House Bill 4087 introduced, making Michigan the 20th state to consider legislation to set up a strategic crypto reserve. The proposed bill would allow the State treasurer to invest up to 10% of both the General Fund and the Economic Stabilization Fund in digital assets. The legislation also makes crypto loans possible, provided that it does not increase the financial exposure of the state.
While Michigan lays the foundation, New Hampshire and Arizona have taken the lead In the strategic Bitcoin reserve race, with both SBR laws at the beginning of May.
