On February 25th, lawmakers in the South Dakota state legislature postponed a vote that could allow the state to invest in Bitcoin, effectively killing the bill. At the State House Commerce and Energy Committee meeting on February 24th, the majority of attending lawmakers voted to postpone HB 1202 bill to the 41st day of the South Dakota legislative session. Due to the legislative session not exceeding 40 days, this motion effectively stifles the current version of the bill, which proposes to “allow state level investment” in Bitcoin. The proposed bill will modify the classification of public funds in South Dakota to include up to 10% of Bitcoin investments.
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