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MI HB6147

Bill

Status

Introduced

11/14/2024

Primary Sponsor

Steve Carra

Click for details

Origin

House of Representatives

102nd Legislature

AI Summary

  • Prohibits governmental entities from restricting, taxing, or requiring permits for individuals to use digital assets for purchasing goods/services or maintaining custody through self-hosted wallets, third-party wallets, or hardware storage wallets.

  • Allows home digital asset mining in residential areas if compliant with local ordinances including noise limits, and prevents local governments from setting cryptocurrency-specific decibel limits beyond general sound pollution regulations.

  • Permits digital asset mining businesses in industrially-zoned areas without restrictions exceeding those applied to data centers in the same zoning district.

  • Protects the right to operate blockchain nodes and transfers digital assets without government interference, and provides liability exemption for those validating transactions.

  • Prohibits governmental entities from accepting or requiring central bank digital currency as legal payment and bars administrative branches from advocating for federal CBDC adoption; allows private parties to pursue civil action for violations and recover treble damages.

Legislative Description

Businesses: other; regulations regarding cryptocurrency and digital asset mining; provide for. Creates new act.

Businesses: other

Last Action

Bill Electronically Reproduced 11/26/2024

11/26/2024

Committee Referrals

Regulatory Reform11/14/2024

Full Bill Text

No bill text available