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MI HB6147
Bill
Status
11/14/2024
Primary Sponsor
Steve Carra
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AI Summary
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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.
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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.
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Permits digital asset mining businesses in industrially-zoned areas without restrictions exceeding those applied to data centers in the same zoning district.
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Protects the right to operate blockchain nodes and transfers digital assets without government interference, and provides liability exemption for those validating transactions.
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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