South Dakota revives Bitcoin reserve plan with 10% allocation cap – Details

ambcryptoPublicado em 2026-01-28Última atualização em 2026-01-28

Resumo

South Dakota Representative Logan Manhart has revived a legislative effort, House Bill 1155, to allow the state to allocate up to 10% of its revenues into Bitcoin. The bill includes strict security measures for storing private keys and represents a cautious, incremental approach to treating Bitcoin as a legitimate public asset. This move aligns with a growing trend among states like Texas, Arizona, and New Hampshire, which are pursuing their own digital asset strategies amid delays in federal action. The proposal underscores a shift toward state-level adoption as a long-term inflation hedge, reflecting the broader bullish market sentiment around Bitcoin.

While Washington dangles the promise of a federal strategic reserve, South Dakota is tired of waiting.

Representative Logan Manhart (R) has officially revived a legislative push that could fundamentally alter the state’s balance sheet.

On the 27th of January, Manhart introduced House Bill 1155, an ambitious measure that would empower the State Investment Council to allocate up to 10% of state revenues directly into Bitcoin.

South Dakota’s second Bitcoin Reserve attempt

The move is more than just a second attempt at a stalled 2025 proposal.

If passed, HB 1155 would not just allow South Dakota to hold Bitcoin [BTC] but also require strict security rules, with private keys stored across multiple, geographically separate data centers under direct government control.

By limiting the allocation to 10%, the state is taking a cautious, step-by-step approach.

The goal is to gradually treat Bitcoin as a legitimate public asset, similar to what Texas and Arizona are already doing. Thus, reintroducing HB 1155 shows that South Dakota’s view of digital assets is evolving.

Other states and their Bitcoin Reserve plans

South Dakota isn’t the only state that’s tired of waiting around for Washington, as several other states are also moving in the same direction.

New Hampshire already allows up to 5% of certain state funds to be invested in digital assets, while Texas and Arizona have passed laws to include Bitcoin in state reserves.

Florida is also considering a similar bill aimed at using digital assets as an inflation hedge.

However, at the federal level, creating a Strategic Bitcoin Reserve is still a key goal for the current administration.

Patrick Witt, Director of the White House Crypto Council, has already acknowledged that legal complications have slowed progress.

As a result, the federal plan currently depends mainly on Bitcoin seized by the Department of Justice, rather than new purchases.

What’s more?

This came at a time when BTC was trading around $89,199 at press time as per CoinMarketCap, with the Bitcoin crypto sentiment standing bullish at 81%.

Meanwhile, Bitcoin Dominance also stood at 59.55% as per TradingView, reflecting continued investor preference for the asset.

All this put together showed that the market entered 2026 with a focus on fundamentals. And with this bill, South Dakota is choosing to act rather than wait.

Final Thoughts

  • Rather than chasing price, South Dakota is legislating infrastructure for long-term exposure.
  • HB 1155 reflects a broader trend of states testing Bitcoin before federal execution materializes.

Perguntas relacionadas

QWhat is the main purpose of House Bill 1155 introduced in South Dakota?

AHouse Bill 1155 is an ambitious measure that would empower the State Investment Council to allocate up to 10% of state revenues directly into Bitcoin, treating it as a legitimate public asset.

QHow does South Dakota's proposed Bitcoin allocation compare to the approach of other states like New Hampshire?

ASouth Dakota's bill allows for an allocation of up to 10% of state revenues, which is a higher cap than New Hampshire, which allows up to 5% of certain state funds to be invested in digital assets.

QWhat security measures are mandated for Bitcoin holdings under the proposed South Dakota bill?

AThe bill requires strict security rules, with private keys stored across multiple, geographically separate data centers under direct government control.

QWhat is the current status of the federal government's plan for a Strategic Bitcoin Reserve according to the article?

AThe federal plan for a Strategic Bitcoin Reserve has been slowed by legal complications and currently depends mainly on Bitcoin seized by the Department of Justice, rather than new purchases.

QWhat broader trend does the reintroduction of HB 1155 represent among U.S. states?

AHB 1155 reflects a broader trend of states like Texas, Arizona, and Florida testing Bitcoin integration and creating infrastructure for long-term exposure before a federal execution materializes.

Leituras Relacionadas

Analyzing the Impact of AI on Economic Growth and Productivity

**Title: Analyzing AI's Impact on Economic Growth and Productivity** This article examines three contrasting views on AI's influence on economic growth and productivity. **The Optimistic View** posits that AI, especially through automating R&D ("recursive self-improvement"), could dramatically accelerate growth, even triggering a technological "singularity" with explosive, potentially infinite, economic expansion. **The Moderate/Mainstream View** acknowledges AI's productivity benefits but emphasizes significant real-world constraints that could limit its impact. These include: limited cost savings per task, structural ceilings on which jobs and industries are "exposed" to AI, adoption bottlenecks (e.g., compute, energy, regulatory hurdles), and the "weak link" effect where non-automatable tasks cap overall gains. Consequently, the realized AI dividend may be far lower than optimistic projections, with estimates typically ranging from 0.1% to 1.3% annual productivity growth. **The Pessimistic View** stems from two strands. The first aligns with the moderate view but applies extremely conservative assumptions about task exposure and efficiency gains, yielding minimal projected impact. The second introduces a demand-side critique: if AI primarily replaces rather than augments labor, it could depress labor's share of income, weaken consumer demand, and create a "demand trap" that ultimately stifles growth, unless offset by redistribution policies. **The authors' assessment** is nuanced: * **Short-term (1-2 years):** AI will support growth primarily through investment spending, not significant productivity gains. * **Medium-term (3-5 years):** Three potential paths emerge based on AI demand and bottleneck severity: 1. **"Optimistic Path":** High demand, few bottlenecks. Rapid productivity gains but risk of major job displacement and social conflict without redistribution. 2. **"Moderate Path" (most likely):** High demand but significant, surmountable bottlenecks. Leads to moderate productivity gains, financial market volatility (K-shaped returns), and sectoral job losses. 3. **"Pessimistic Path":** Low demand or severe bottlenecks. Minimal productivity and growth impact, triggering financial market corrections but allowing a smoother societal transition with less labor disruption. * **Long-term:** AI holds potential for a major productivity revolution and prosperity. The conclusion stresses that no path is smooth. Technologically "optimistic" outcomes could be socially detrimental, while "pessimistic" technological diffusion might be more socially stable. Policymakers must monitor developments and prepare balanced responses to manage economic, financial, and social sustainability.

marsbitHá 4m

Analyzing the Impact of AI on Economic Growth and Productivity

marsbitHá 4m

IRS Fraud Alert: Fake Letters Target Crypto Holders in Data-Stealing Scam

The IRS Criminal Investigation unit has warned cryptocurrency holders of a sophisticated phishing scam involving fake paper letters that mimic official IRS correspondence. These letters, which include official formatting and a deadline, instruct recipients to enroll in a non-existent "Digital Asset Compliance Portal." A QR code inside the letter directs victims to a spoofed IRS website designed to steal personal information and, in some cases, trick them into directly transferring cryptocurrency to scammers. The scam exploits the fact that the IRS has legitimately sent compliance letters regarding digital assets since 2019, making such mail seem plausible. The agency clarifies it never uses QR codes in official letters, never asks for digital asset transfers as part of compliance, and does not operate a digital asset enrollment portal. Legitimate notices can be verified via IRS.gov. If you receive such a letter, do not scan the QR code, call any listed numbers, or enter personal information on any linked site. Verify your account status only through official IRS tools. This scam undermines trust in genuine IRS communications during a period of increased crypto enforcement.

TheNewsCryptoHá 7m

IRS Fraud Alert: Fake Letters Target Crypto Holders in Data-Stealing Scam

TheNewsCryptoHá 7m

The New Cold War is a Tech Stock War

The New Cold War is a Tech Stock War The article argues that the contemporary geopolitical and economic rivalry between the US and China represents a "New Cold War," but one fundamentally fought through technology and financial markets, not physical barriers or conventional trade. Historically, US dominance was secured through financial systems. The Soviet Union, reliant on the rigid "Transferable Ruble," was ultimately undermined by its dependency on the US dollar for oil trade. Later, Japan's semiconductor challenge was countered not just by tariffs (e.g., Plaza Accord, 301 investigations) but by binding it to US Treasury bonds. China presents a more complex, "embedded" challenger. While it holds vast dollar reserves and US debt like Japan, its industrial base is stronger and more diversified than the Soviet Union's. Surviving the initial 2018 trade war phase, the conflict has evolved into a "tech-financial war." The core battlefield is now the stock market. US tech stocks (AI, semiconductors) are treated as sovereign assets, buoyed by bipartisan national will. China is pushing to strengthen its own financial markets to convert industrial strength into financial power and fund its tech ambitions. Companies like ChangXin (semiconductors), Moonshot AI, and DJI compete not just for market share but as financial proxies for their respective systems. The new paradigm is moving from globally efficient monopolies (Apple, Google) towards companies that achieve monopolistic profits within their respective geopolitical spheres. This competition over "pricing power" and financial valuation in segmented markets defines the current era, making the stock market the primary arena for this tech-centric struggle.

marsbitHá 13m

The New Cold War is a Tech Stock War

marsbitHá 13m

RWA Weekly: Ten European Financial Institutions Establish Tokenized Asset Cooperative; Ondo Launches New Execution Network Ondo Network

RWA Weekly: European Banks Form Tokenized Asset Cooperative; Ondo Launches New Execution Network Ondo Network Covering July 24-31, 2026, the RWA sector saw a steady on-chain total value locked (TVL) of $36.8 billion, with holder count hitting a record high. However, stablecoin transfer volumes fell sharply (~30%), indicating low on-chain settlement demand. Key regulatory moves include South Korea advancing stablecoin legislation and a push to scrap crypto taxes, Kenya lowering capital requirements for stablecoin issuers, and Zimbabwe approving seven projects for its crypto sandbox. In project developments, BIS-led Project Agorá successfully tested cross-border payments with tokenized funds across six currencies. Ten major European financial institutions formed the RL1 blockchain cooperative to build tokenized asset infrastructure. Other notable updates: Aviva launched a tokenized dollar liquidity fund on XRPL, POSCO International tokenized commercial invoices on Injective, and a Brazilian farmer used tokenized cattle as collateral for a loan. Additional progress includes BNY Mellon migrating its core transfer agent operations to blockchain, Securitize gaining SEC investment advisor registration, and Tether’s compliant stablecoin USA₮ launching on Celo. Ondo Finance introduced Ondo Network, a new execution layer focused on speed and privacy, moving away from its initial chain plans. An analysis highlights that despite the growing scale of on-chain RWAs (~$32B), approximately 90% remain underutilized in DeFi, pointing to a critical challenge in unlocking liquidity and fostering real-world application beyond mere issuance.

marsbitHá 13m

RWA Weekly: Ten European Financial Institutions Establish Tokenized Asset Cooperative; Ondo Launches New Execution Network Ondo Network

marsbitHá 13m

South Korean Stock Market Sees Sharp Rebound After Forceful De-leveraging, SK Hynix Rises 30%

On July 31, South Korean stocks staged a historic rebound. The benchmark KOSPI index surged 18.27%, with chipmaker SK Hynix hitting a 30% gain limit. This followed a brutal, near-40% decline in the KOSPI over the previous month, driven largely by a deleveraging spiral involving leveraged ETFs. Analysts attributed the sharp sell-off to structural liquidity issues rather than deteriorating corporate fundamentals. The rally was triggered by a confluence of positive catalysts. Firstly, strong earnings from U.S. cloud giants Microsoft and Amazon alleviated fears of an "AI bubble burst," boosting global tech sentiment. Secondly, SK Group Chairman Chey Tae-won made a rare personal purchase of SK Hynix shares, seen as a strong vote of confidence. Thirdly, the South Korean government announced a 20 trillion won ($139 billion) AI investment fund. In response to the market turmoil, South Korean regulators are tightening controls on leveraged ETFs, admitting oversight shortcomings. Measures include raising minimum cash保证金 requirements for散户 investors and suspending new product launches. While the rebound signals eased liquidity pressure, analysts note deep structural issues remain. The market's future stability is seen as dependent on global tech capital expenditure trends and memory chip price cycles, with some viewing the surge as a technical correction rather than a definitive trend reversal.

marsbitHá 34m

South Korean Stock Market Sees Sharp Rebound After Forceful De-leveraging, SK Hynix Rises 30%

marsbitHá 34m

Trading

Spot
活动图片

Categorias popularesright-arrow

Etiquetas Popularesright-arrow