U.S. Congressman reintroduces Bitcoin Reserve Act, allowing state investment boards to invest up to 10% of public funds in Bitcoin

U.S. South Dakota Representative Logan Manhart has reintroduced the Bitcoin Reserve Bill HB 1155, which aims to amend state law to allow the state investment council to invest up to 10% of public funds in Bitcoin.

The bill is largely consistent with its version proposed in 2025 but shelved, with only minor modifications. If passed and signed into law, South Dakota will join the ranks of a few states that allow state-level allocation of Bitcoin, with only Texas, Arizona, and New Hampshire having passed related legislation.