South Dakota Weighs Bitcoin Investment for Public Funds

South Dakota lawmakers are reconsidering a proposal that would allow the state to invest public funds in Bitcoin, reviving a plan first introduced last year. Proposed Investment Framework Republican State Representative Logan Manhart has reintroduced legislation that would amend South Dakota’s public investment rules, permitting the State Investment Council to allocate up to 10% of eligible state-managed funds to Bitcoin.  Eligible funds include pensions, endowments, and other professionally managed state portfolios. The bill outlines multiple routes for Bitcoin exposure, including direct holdings, regulated custodians, and exchange-traded products.  It also establishes security and operational protocols, emphasizing custody, auditability, and hardened

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