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Committee hears overview of state crypto policy and local entrepreneur pitches esports token project
Summary
A policy director from Satoshi Action Fund urged Michigan to create clearer state rules for digital assets, stablecoins and pension allocations; a local entrepreneur described an esports and token project during public comment.
Eric Peterson, policy director at the nonprofit Satoshi Action Fund, told the committee Michigan could expand digital asset policy to provide regulatory clarity for stablecoins, state investment guardrails and unclaimed digital property regimes.
Peterson said yesterday the U.S. Senate advanced the GENIUS Act addressing stablecoins and that states can create pathways to register stablecoin businesses locally. He recommended a "belt and suspenders" approach for state pension or treasury investments —…
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