The state representative introduced similar legislation shortly after taking office in 2025, but the bill was deferred and not signed into law. A member of South Dakota’s House of Representatives has introduced another bill that would allow the US state to invest in Bitcoin about a year after similar legislation was deferred. Representative Logan Manhart introduced the Bitcoin (BTC) reserve bill, HB 1155, on Tuesday in South Dakota’s legislature. The legislation had only minor changes from a bill the lawmaker sponsored in 2025, by amending the state’s code to allow the State Investment Council to invest up to 10% of public funds in Bitcoin. “Strong money. Strong state,” said Manhart in a Tuesday X post announcing the bill. Read more
If approved, the move would let the company bypass state-by-state licensing and offer federally regulated crypto trading without taking deposits. Laser Digital, a full-service digital asset company backed by Japanese financial group Nomura, has reportedly filed for a US national bank trust charter, signaling that crypto-focused companies are seeking deeper integration into the US financial system amid a more permissive regulatory environment. Citing sources familiar with the matter, the Financial Times reported Tuesday that Laser Digital had submitted its application to the Office of the Comptroller of the Currency (OCC). The charter would allow the company to operate at the federal level without applying for state-by-state custody licenses. The company plans to offer spot trading for digital assets but does not intend to take customer deposits, the report said. Read more
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