According to Decrypt, a number of Michigan House members have proposed four cryptocurrency-related bills, of which HB 4510 proposes to allow public pension funds to invest in cryptocurrencies through regulated exchange-traded products, provided that the average market capitalization of these coins in the past year has reached at least $250 billion; HB 4511 is designed to discourage state support for the U.S. central bank digital currency, prohibiting any licensing, taxation, or official publicity of CBDCs by state agencies; Two companion bills, HB 4512 and HB 4513, aim to promote bitcoin mining in abandoned oil wells and provide tax breaks to companies that restore environmental sites in exchange for mining rights.