Loading chat...
SD HB1155
Bill
Status
1/27/2026
Primary Sponsor
Logan Manhart
Click for details
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