{"id":6108,"date":"2026-01-28T09:25:49","date_gmt":"2026-01-28T09:25:49","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=6108"},"modified":"2026-01-28T09:25:49","modified_gmt":"2026-01-28T09:25:49","slug":"south-dakota-lawmaker-revives-bitcoin-reserve-push","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=6108","title":{"rendered":"South Dakota Lawmaker Revives Bitcoin Reserve Push"},"content":{"rendered":"<p><\/p>\n<div>\n<div id=\"blockquote-block_e6f7f1bccfa14bd13687c9fd105fd7f2\" class=\"blockquote-container\" style=\"border-color: #5100fc\">\n<div class=\"blockquote-text\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">South Dakota reintroduced a bill (HB 1155) that would authorise the State Investment Council to allocate up to 10% of its public portfolio into Bitcoin.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The proposal focuses on security, requiring multi-party governance, hardware-secured private keys, and geographically diverse data centers for any state-held BTC.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">State-level momentum is growing as federal plans for a \u201cStrategic Bitcoin Reserve\u201d face legal delays.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>South Dakota lawmaker Logan Manhart has reintroduced a proposal that would let the state invest part of its public funds in Bitcoin (BTC). His new bill, HB 1155, filed this week, would authorise the State Investment Council to place up to 10% of its portfolio into BTC.<\/p>\n<p>The measure is a near repeat of Manhart\u2019s 2025 effort, which was deferred, with only small edits to state code. The intent is to classify Bitcoin as an eligible reserve asset alongside more traditional investments.\u00a0<\/p>\n<p>Manhart, a Republican representing the 1st District since 2025, promoted the bill on X with the slogan \u201cStrong money. Strong state.\u201d<\/p>\n<div id=\"blockquote-block_b31435f740bec98018d4670b63d63498\" class=\"blockquote-container variant-personal\">\n<div class=\"blockquote-text\">\n<p><em>I am proud to say I have released my bill that would allow the State of South Dakota to invest in Bitcoin. Strong money. Strong state.<\/em><\/p>\n<\/div>\n<div class=\"blockquote-attribution\">\n        <img decoding=\"async\" class=\"author-image lazyload\" src=\"https:\/\/cdn.cryptonews.com.au\/2026\/01\/28160635\/Logan-Manhart-South-Dakota-State-Representative.jpg\"\/><img decoding=\"async\" src=\"https:\/\/cdn.cryptonews.com.au\/2026\/01\/28160635\/Logan-Manhart-South-Dakota-State-Representative.jpg\" class=\"author-image\" data-eio=\"l\"\/>        Logan Manhart, South Dakota State Representative.    <\/div>\n<\/div>\n<p><strong>Read more: Saylor Warns \u2018Ambitious Opportunists\u2019 Are Bitcoin\u2019s Biggest Risk, Sparking Ossification Debate<\/strong><\/p>\n<h2 class=\"wp-block-heading\" id=\"h-south-dakota-pursuing-its-bitcoin-reserve\">South Dakota Pursuing Its Bitcoin Reserve<\/h2>\n<p>If enacted, South Dakota would join a small group of US states that already have laws covering direct Bitcoin exposure or the holding of seized crypto, including Texas, Arizona and New Hampshire. New Hampshire has also approved a US$100 million (AU$153 million) Bitcoin-backed municipal bond, tying local financing to the asset.<\/p>\n<p>The push comes as federal-level Bitcoin plans remain harder to execute. In March 2025, President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile using crypto from asset forfeiture.\u00a0<\/p>\n<p>According to White House Crypto Council director Patrick Witt, implementation has been slowed by legal constraints, and the order does not authorise outright purchases. Treasury Secretary Scott Bessent has since argued there are \u201cbudget-neutral\u201d ways for the US government to obtain Bitcoin, but those approaches have yet to be detailed in law.<\/p>\n<p><strong>Read more: Polymarket Scores Big With Exclusive MLS Partnership<\/strong><\/p>\n<\/p><\/div>\n<p>Bitcoin Reserve,Law#South #Dakota #Lawmaker #Revives #Bitcoin #Reserve #Push1769592349<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Dakota reintroduced a bill (HB 1155) that would authorise the State Investment Council to allocate up to 10% of its public portfolio into Bitcoin. The proposal focuses on security, requiring multi-party governance, hardware-secured private keys, and geographically diverse data centers for any state-held BTC. State-level momentum is growing as federal plans for a \u201cStrategic<\/p>\n","protected":false},"author":1,"featured_media":6109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[91,1868,1328,890,1010,1869,580],"class_list":{"0":"post-6108","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-bitcoin","9":"tag-dakota","10":"tag-lawmaker","11":"tag-push","12":"tag-reserve","13":"tag-revives","14":"tag-south"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Dakota Lawmaker Revives Bitcoin Reserve Push - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=6108\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Dakota Lawmaker Revives Bitcoin Reserve Push\" \/>\n<meta property=\"og:description\" content=\"South Dakota reintroduced a bill (HB 1155) that would authorise the State Investment Council to allocate up to 10% of its public portfolio into Bitcoin. 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