Michigan Plans 10% Crypto Reserve - Treasury Expert Reveals Why Other States Should Worry

Michigan's treasury department just decided to test the waters of crypto investing, and they're not exactly tiptoeing in. House Bill 4087 wants the state to park up to 10% of its countercyclical budget and economic stabilization fund into digital currencies. That's right - the same state known for making cars is now considering making crypto moves.

The bill, which hit legislative desks this September, comes with more security requirements than a presidential motorcade. We're talking exclusive government control over private keys, end-to-end encryption, and regular security audits that would m...