South Dakota State Representative Logan Manhart submits Bitcoin reserve bill for the third time, allowing the state government to allocate up to 10% of public funds into Bitcoin, further embracing digital assets in the state.
(Background: Is the US entering the “Dollar-Cost Averaging Bitcoin Reserve” era? North Carolina bill “10% fund to buy BTC”, cold wallets not allowed to sell)
(Additional context: Rich Dad warns “ETF is just a wallpaper scam”: owning physical gold, silver, and Bitcoin is the true way to get rich in turbulent times)
U.S. South Dakota State Representative Logan Manhart announced earlier today (28th) on X that he has reintroduced HB 1155, proposing to allow the state’s Investment Board to allocate up to 10% of public funds into Bitcoin. This is the third attempt after the bill was shelved in 2023 and 2025.
I am proud to say I have released my bill that would allow the State of South Dakota to invest in Bitcoin.
Strong money. Strong state.
— Logan Manhart (@ManhartLogan) January 27, 2026
Bill Core: 10% Allocation Cap and High-Standard Security Measures
According to the bill, HB 1155 authorizes South Dakota’s Investment Board to use no more than 10% of investable public funds to purchase Bitcoin. To reduce the risk of asset hacking, the bill explicitly requires the adoption of high-standard security measures such as “multi-party governance” and “cryptographic hardware storage.”
Representative Manhart previously stated on social media:
Strong money, strong state.
He believes Bitcoin investment can help diversify the state’s financial risks and explore new digital wealth opportunities.
Behind the Third Attempt: Policy Trends and Nationwide Legislative Movements
This is not Manhart’s first push for Bitcoin reserve legislation. He proposed similar bills in 2023 and 2025, but both were shelved. The 2026 version has only minor modifications and is seen as a renewed effort amid the Trump administration’s support for the crypto industry.
Currently, Texas, Arizona, and New Hampshire have passed or are trialing related legislation. If South Dakota successfully passes HB 1155, it will officially join the “Bitcoin Reserve States,” alongside these states, forming a cryptocurrency economy circle within the US.
As digital assets gradually become institutionalized, this move provides a reference for government fund allocations in other regions.
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