The accompanying bill offers state tax deductions for income generated through this type of mining activity. The program would be regulated by the Supervisor of Wells, who would oversee a public registry of eligible sites, conduct annual bidding rounds, and enforce restoration obligations. Michigan’s proposals add to a growing patchwork of crypto legislation emerging across the U.S. Earlier the same day, Texas lawmakers passed a bill to establish a state-run Bitcoin reserve.
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However, a move to establish a formal reserve would require legislative backing from Panama’s National Assembly — a step he has not yet taken publicly. His post follows similar developments in Arizona and New Hampshire, where state lawmakers passed bills supporting Bitcoin reserves.
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🕹️ Come play games in the Farcade!
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