South Dakota HB 1155 to allow up to 10% Bitcoin allocation; introduced Jan 27, 2026
Republican Rep. Logan Manhart introduced House Bill 1155 to let South Dakota's State Investment Council invest up to 10% of eligible funds in Bitcoin. On January 27, 2026, he announced the filing on X. The bill outlines exposure via direct holdings, qualified custodians or regulated exchange-traded products and sets stringent custody and security requirements.