Key Takeaways:
- South Dakota lawmakers effectively killed a bill allowing up to 10% of state public funds to be invested in Bitcoin by deferring it past the legislative session.
- The bill’s sponsor, Rep. Logan Manhart, plans to reintroduce the legislation in 2026.
- Several other states, including Florida, Arizona, and Ohio, continue to consider Bitcoin-related bills despite setbacks in North Dakota, Montana, and Wyoming.
South Dakota lawmakers have rejected a bill that would have allowed the state to invest up to 10% of its public funds in Bitcoin.
During a House Commerce and Energy Committee meeting on February 24, legislators voted to defer HB 1202 to the 41st day of the legislative session, effectively killing the bill since the session only lasts 40 days.
South Dakota Update:
— Bitcoin Laws (@Bitcoin_Laws) February 24, 2025
According to bill sponsor Rep. Marhart (@ManhartLogan), SD's 'Bitcoin Reserve' Bill HB 1202 failed to pass the House Commerce and Energy Committee.
Better luck next session 🫡 pic.twitter.com/Zt4jwFeB8N
The bill, introduced by State Representative Logan Manhart on January 30, aimed to amend state investment regulations.
Following its rejection, Manhart announced plans to reintroduce the legislation in 2026.
This decision aligns with a broader trend of state-level Bitcoin investment proposals facing resistance.
My bill to allow South Dakota to invest in Bitcoin died 9-3 in committee this morning.
— Logan Manhart (@ManhartLogan) February 24, 2025
We will be back next year.
Similar bills have failed in North Dakota, Montana, and Wyoming, while states like Florida, Arizona, Utah, Ohio, Missouri, and Kentucky are still considering Bitcoin-related legislation.
Despite setbacks, the push for state adoption of Bitcoin investments remains active across the U.S.
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