TLDR
- South Dakota Representative Logan Manhart reintroduced a Bitcoin reserve bill in the state legislature.
- The bill allows the State Investment Council to invest up to 10% of public funds in Bitcoin.
- Manhart’s bill is similar to a proposal he introduced in 2025 but was deferred at that time.
- The new proposal aims to strengthen South Dakota’s financial portfolio by including Bitcoin.
- Other states like Texas, Arizona, and New Hampshire have already passed laws allowing Bitcoin investments.
South Dakota Representative Logan Manhart has reintroduced a bill aimed at allowing the state to invest in Bitcoin. The bill, known as HB 1155, comes just over a year after a similar proposal was deferred. If passed, the law would permit the state’s Investment Council to allocate up to 10% of public funds into Bitcoin.
South Dakota’s Bitcoin Reserve Bill
Representative Logan Manhart introduced the Bitcoin reserve bill, HB 1155, in South Dakota’s legislature on Tuesday. The bill largely mirrors a similar proposal he put forward in 2025. The legislation seeks to amend the state’s code to allow the State Investment Council to invest public funds in Bitcoin, setting the limit at 10%.
Manhart, a Republican representing South Dakota’s 1st District, emphasized the importance of the bill. He described Bitcoin as “strong money” and indicated that it could strengthen the state. The bill aims to bring South Dakota in line with other states that have adopted similar measures.
Bitcoin Legislation Across the U.S.
Currently, only a few states have passed laws allowing government investment in Bitcoin. These states include Texas, Arizona, and New Hampshire, which have enacted laws permitting Bitcoin investments or holding crypto seized by authorities. South Dakota, with this new bill, aims to follow the lead of these states and expand its financial portfolio.
The push for Bitcoin reserves is not unique to South Dakota, as many lawmakers across the U.S. are showing increasing interest in cryptocurrencies. The state’s decision to consider Bitcoin comes at a time when digital assets continue to gain attention in legislative circles.
At the federal level, there have been efforts to integrate Bitcoin into the U.S. financial framework. In March 2025, President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile. However, the order faces delays due to legal complexities, preventing immediate action.
The White House’s plans to create a reserve from crypto seized in asset forfeiture cases have not yet taken full shape. According to U.S. Treasury Secretary Scott Bessent, there are budget-neutral methods for acquiring Bitcoin, though such measures are still under review.
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