Bill > HB4511

This bill aims to protect digital asset holders and blockchain technology users in Michigan by establishing several key protections. The bill prohibits state and local governments from banning digital assets, requiring permits or licenses for holding digital assets, or imposing additional taxes or charges solely based on using digital assets as payment. It specifically prevents government agencies from supporting or advocating for a central bank digital currency (CBDC) from the federal government. The bill also protects blockchain technology operations by preventing prohibitions on running nodes (computational devices that maintain a blockchain network), transferring digital assets, or participating in staking (a process of locking digital assets to help operate a blockchain's consensus mechanism). The legislation provides civil liability protection for individuals who validate transactions, operate nodes, or provide digital asset mining and staking services. The bill comprehensively defines technical terms like blockchain, digital assets, nodes, and smart contracts, ensuring a clear legal framework for digital asset activities. By establishing these protections, the bill seeks to create a supportive environment for digital asset innovation and usage within Michigan while preventing potential government interference.

Business and Industry, Government Affairs

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HB-4511