South Dakota HB1155 allows state public funds to be invested in Bitcoin, with specific security and custody requirements.

South Dakota HB1155 permits the state to invest public funds in Bitcoin, subject to certain conditions. The bill specifies that Bitcoin investments must not exceed 10% of the total state moneys available for investment. Bitcoin must be held through a secure custody solution that controls private keys, enforces multi-party governance, and undergoes regular audits. The bill also defines terms such as "Bitcoin," "digital asset," "private key," and "secure custody solution.

South Dakota HB1155 allows state public funds to be invested in Bitcoin, with specific security and custody requirements.

South Dakota HB1155 permits the state to invest public funds in Bitcoin, subject to certain conditions. The bill specifies that Bitcoin investments must not exceed 10% of the total state moneys available for investment. Bitcoin must be held through a secure custody solution that controls private keys, enforces multi-party governance, and undergoes regular audits. The bill also defines terms such as "Bitcoin," "digital asset," "private key," and "secure custody solution.