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SD HB1155

Bill

Status

Introduced

1/27/2026

Primary Sponsor

Logan Manhart

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Adds Bitcoin to the list of authorized investments for South Dakota state public moneys, amending § 4-5-26

  • Caps Bitcoin investments at 10% of total state moneys made available for investment

  • Requires Bitcoin holdings to be stored through one of three methods: directly by the State Investment Council using a secure custody solution, through a qualified custodian, or via SEC-approved exchange-traded products

  • Defines Bitcoin specifically as the digital asset native to the blockchain network originating from the January 3, 2009 genesis block with the greatest cumulative proof of work

  • Mandates detailed security requirements for custody solutions including exclusive private key control, encrypted hardware storage, geographically diverse data centers, multi-party governance, and regular security audits

Legislative Description

Permit the state to invest in Bitcoin.

Last Action

Commerce and Energy Deferred to the 41st legislative day, Passed, YEAS 10, NAYS 3. H.J. 13

2/6/2026

Committee Referrals

Commerce and Energy1/27/2026

Full Bill Text

No bill text available