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1 | 1 | 25.809.9 100th Legislative Session HCR6006 | |
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3 | 3 | ||
4 | 4 | 2025 South Dakota Legislature | |
5 | 5 | House Concurrent Resolution | |
6 | 6 | 6006 | |
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8 | 8 | ||
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11 | 11 | ||
12 | 12 | ||
13 | 13 | Introduced by: Representative Manhart | |
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15 | 15 | Underscores indicate new language. | |
16 | 16 | Overstrikes indicate deleted language. | |
17 | 17 | A CONCURRENT RESOLUTION, Urging the State Investment Council to invest in 1 | |
18 | 18 | Bitcoin. 2 | |
19 | 19 | WHEREAS, the State Investment Council has a responsibility to safeguard the state's 3 | |
20 | 20 | financial resources against the impacts of inflation and other economic uncertainties; and 4 | |
21 | 21 | WHEREAS, Bitcoin has risen in value to the point that Bitcoin has a market cap over one 5 | |
22 | 22 | trillion dollars; and 6 | |
23 | 23 | WHEREAS, Bitcoin is becoming more widely accepted as an international medium of 7 | |
24 | 24 | exchange; and 8 | |
25 | 25 | WHEREAS, countries, including the United States, hold Bitcoin within their treasury 9 | |
26 | 26 | departments; and 10 | |
27 | 27 | WHEREAS, Bitcoin is seen as an asset that can hedge against inflation by both sovereign 11 | |
28 | 28 | nations and investment advisors; and 12 | |
29 | 29 | WHEREAS, this state should have access to tools to protect against inflation; 13 | |
30 | 30 | NOW, THEREFORE, BE IT RESOLVED, by the House of Representatives of the One 14 | |
31 | 31 | Hundredth Legislature of the State of South Dakota, the Senate concurring therein, that the 15 | |
32 | 32 | State Investment Council invest in Bitcoin and other digital assets. 16 |