• South Dakota reintroduced a invoice (HB 1155) that may authorise the State Funding Council to allocate as much as 10% of its public portfolio into Bitcoin.
  • The proposal focuses on safety, requiring multi-party governance, hardware-secured non-public keys, and geographically numerous information facilities for any state-held BTC.
  • State-level momentum is rising as federal plans for a “Strategic Bitcoin Reserve” face authorized delays.

South Dakota lawmaker Logan Manhart has reintroduced a proposal that may let the state make investments a part of its public funds in Bitcoin (BTC). His new invoice, HB 1155, filed this week, would authorise the State Funding Council to put as much as 10% of its portfolio into BTC.

The measure is a close to repeat of Manhart’s 2025 effort, which was deferred, with solely small edits to state code. The intent is to categorise Bitcoin as an eligible reserve asset alongside extra conventional investments. 

Manhart, a Republican representing the first District since 2025, promoted the invoice on X with the slogan “Sturdy cash. Sturdy state.”

I’m proud to say I’ve launched my invoice that may permit the State of South Dakota to spend money on Bitcoin. Sturdy cash. Sturdy state.

Logan Manhart, South Dakota State Consultant.

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South Dakota Pursuing Its Bitcoin Reserve

If enacted, South Dakota would be a part of a small group of US states that have already got legal guidelines overlaying direct Bitcoin publicity or the holding of seized crypto, together with Texas, Arizona and New Hampshire. New Hampshire has additionally accepted a US$100 million (AU$153 million) Bitcoin-backed municipal bond, tying native financing to the asset.

The push comes as federal-level Bitcoin plans stay tougher to execute. In March 2025, President Donald Trump signed an govt order to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile utilizing crypto from asset forfeiture. 

Based on White Home Crypto Council director Patrick Witt, implementation has been slowed by authorized constraints, and the order doesn’t authorise outright purchases. Treasury Secretary Scott Bessent has since argued there are “budget-neutral” methods for the US authorities to acquire Bitcoin, however these approaches have but to be detailed in legislation.

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The publish South Dakota Lawmaker Revives Bitcoin Reserve Push appeared first on Crypto News Australia.