Minnesota Bitcoin Act

Minnesota's SF 2661, the "Minnesota Bitcoin Act," allows state agencies to accept Bitcoin and other cryptocurrencies for payments (like taxes or fees) and authorizes the State Board of Investment to allocate up to 35% of its funds into cryptocurrency investments. It sets strict limits, including capping individual crypto investments at 20% of a vehicle's value and requiring at least four unrelated owners per investment. The bill defines "cryptocurrency" using existing legal terms and specifies that most investment data (like commitment amounts and returns) must be publicly disclosed, while sensitive financial data remains private. The law takes effect January 1, 2026, directly affecting state agencies, taxpayers, and the State Board of Investment.