South Dakota lawmakers effectively kill proposed Bitcoin bill – Cointelegraph

Lawmakers in the South Dakota Legislature have postponed a vote that may have allowed the US state to invest in Bitcoin.

The majority of lawmakers will be present at the state House Commerce Committee meeting on February 24th vote Deferring HB 1202 to the 41st day of the South Dakota Legislative Session. As the assembly only has 40 days of sessions, it is effectively a motion. I was killed Current version of the bill, “Proposals”[permitting] A state that invests in Bitcoin (BTC).

The proposed bill would modify the state's public funding classification in South Dakota to include up to 10% in BTC investments. State Senator Logan Manhart introduced the bill on January 30th; I said With X, he was planning to reintroduce the law in 2026.

Related: Crypto Bills are stacked across the US, from Bitcoin reserves to task forces

Some state governments, including North Dakota, Montana and Wyoming, have passed similar bills establishing Bitcoin reserves. But lawmakers in Florida, Arizona, Utah, Ohio, Missouri and Kentucky have introduced legislation that when they were published they are still moving local governments.