South Dakota 2025 Regular Session

South Dakota House Bill HCR6006 Compare Versions

Only one version of the bill is available at this time.
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11 25.809.9 100th Legislative Session HCR6006
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44 2025 South Dakota Legislature
55 House Concurrent Resolution
66 6006
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1313 Introduced by: Representative Manhart
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1515 Underscores indicate new language.
1616 Overstrikes indicate deleted language.
1717 A CONCURRENT RESOLUTION, Urging the State Investment Council to invest in 1
1818 Bitcoin. 2
1919 WHEREAS, the State Investment Council has a responsibility to safeguard the state's 3
2020 financial resources against the impacts of inflation and other economic uncertainties; and 4
2121 WHEREAS, Bitcoin has risen in value to the point that Bitcoin has a market cap over one 5
2222 trillion dollars; and 6
2323 WHEREAS, Bitcoin is becoming more widely accepted as an international medium of 7
2424 exchange; and 8
2525 WHEREAS, countries, including the United States, hold Bitcoin within their treasury 9
2626 departments; and 10
2727 WHEREAS, Bitcoin is seen as an asset that can hedge against inflation by both sovereign 11
2828 nations and investment advisors; and 12
2929 WHEREAS, this state should have access to tools to protect against inflation; 13
3030 NOW, THEREFORE, BE IT RESOLVED, by the House of Representatives of the One 14
3131 Hundredth Legislature of the State of South Dakota, the Senate concurring therein, that the 15
3232 State Investment Council invest in Bitcoin and other digital assets. 16