South Dakota lawmaker takes another run at Bitcoin reserve bill

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.

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