Best Crypto to Buy Now as Michigan Declares War on Crypto Confusion

Michigan’s legislature introduced four pivotal bills, signaling a new phase in crypto policy. In one session, lawmakers advanced proposals to allow pension funds to invest in digital assets, prohibit state-backed CBDCs, authorize Bitcoin mining at abandoned energy sites, and revise tax rules for mining revenue. 

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This coordinated effort reflects the balancing act of embracing innovation while mitigating risks—a debate now attracting broader attention. As observers weigh whether public retirement systems will integrate Bitcoin or reject state-backed digital currencies, the crypto market faces a notable development.

These legislative moves highlight the importance of strategic asset selection, making the best crypto to buy now those aligned with regulatory progress and real-world utility in evolving frameworks.

Michigan Goes All-In on Crypto with Four Bold New Bills

On May 21, Michigan lawmakers took a bold step by introducing four crypto-focused bills in a single day, covering a wide range of topics from retirement fund investments to Bitcoin mining and central bank digital currencies (CBDCs).

First up, Republican Representative Bill Schuette introduced House Bill 4510, which would tweak Michigan’s Public Employee Retirement System Investment Act.

If passed, it would let the state treasurer—currently Rachael Eubanks—invest in cryptocurrencies with an average market cap above $250 billion over the past year.

Right now, only Bitcoin and Ether fit the bill. But here’s the catch: any crypto investments must be made through exchange-traded products issued by registered investment firms.

A similar proposal from February aimed to allow up to 10% of Michigan’s Budget Stabilization Fund to go into crypto.

On the flip side, House Bill 4511, led by Republican Rep. Bryan Posthumus, takes a defensive stance. It would bar the state from banning crypto, requiring licenses for holders, or promoting a federal CBDC. That includes any memos or official endorsements related to CBDC testing or implementation.

Then there’s HB 4512, spearheaded by Democrat Mike McFall and a bipartisan team. This bill would set up a Bitcoin mining program at abandoned oil and gas sites. Operators would need to prove their mining chops, submit legal and structural documents, and provide breakeven estimates.

Finally, HB 4513—also backed by McFall—seeks to update income tax rules to include profits from this mining program. In a nutshell, Michigan’s looking to put crypto on the map in more ways than one.

Best Crypto to Buy Now

With Michigan’s political earthquake still reverberating, the market is ripe for seismic movers of its own. Forget the boardroom suits and dusty ledger books—today, we dive into the best crypto to buy now, poised to ride this tectonic shift. Strap in as we explore which digital champions could ride the aftershocks of a state that just dared to rewrite the rules.

SUBBD

Born for breakout moments, SUBBD’s on-chain momentum mirrors Michigan’s pension pivot, tempting bold portfolios with a fusion of yield and narrative power that speaks to governance gatekeepers.

A platform is emerging that’s helping creators push boundaries and revolutionize the $85 billion content creator industry—SUBBD, an innovative AI-powered crypto subscription platform.

In recent times, content creators have been facing significant challenges as they navigate a complex ecosystem where platforms claim between 15–20% of their earnings.

SUBBD offers a solution by empowering creators to focus on their core creative work while scaling their production with ease.

Thanks to AI agents, resource-intensive tasks like automated interactions, video editing, monetization strategy development, and livestream management can be handled effortlessly.

With a growing fanbase of 118K on X, SUBBD is carving out a new genre of AI-driven content. Creators can now bring their visions to life—imagine it, and make it real with an AI IT Girl, ready to capture the hearts of audiences worldwide.

Solaxy

When legislatures crack open new mining frontiers, Solaxy’s network resilience and eco-forward ethos sparkle like clean rigs at sunset—a poetic counterpoint to fossil pasts.

With only 22 days left before its presale funding ends, Solaxy is showing no signs of slowing down—having recently surpassed the $39 million mark in its presale.

Solaxy presents itself as the inaugural project to adopt Layer 2 technology on Solana. While more popularly linked with Ethereum—where they assist with combating high gas fees and sluggish transactions—Solaxy takes this advancement to the world of Solana.

So, what does Solaxy do? It offloads transactions from the Solana chain and bundles them for efficient settlement on Solana’s mainnet, using what’s known as roll-up technology. According to well-known crypto YouTuber 99Bitcoins, Solaxy could deliver parabolic returns in the near future.

The commitment of Solaxy’s creators to long-term value is evident in its tokenomics. Notably, 30% of the token allocation is dedicated to maintaining and upgrading infrastructure—underscoring a focus on sustainability and cutting-edge performance.

Best Wallet Token

In an age where custody debates rage from Lansing to London, Best Wallet Token stakes its claim as the sentinel of self-sovereignty, inviting users to vault their assets with rock-solid confidence.

In a crypto world dominated by meme coins, Best Wallet stands out by offering a robust crypto storage solution.

Unlike existing wallets such as MetaMask and Phantom, Best Wallet introduces its own native cryptocurrency, currently available for purchase during its token sale phase.

But is that all? Fortunately, no. Best Wallet is more than just a wallet—it’s a full-fledged ecosystem that combines security, trading rewards, and governance features.

Although it has yet to launch on exchange platforms, the wallet app is already live, featuring a clean and user-friendly interface available on both Android and iOS.

Solana

Lightning-fast and low-cost, Solana channels the speed of legislative headlines, promising an acceleration so fierce it might just outpace even the most urgent bills on the docket.

A major event is currently taking place in New York City—Solana Accelerate—designed to bring together business leaders, policymakers, and crypto innovators to collaborate and shape the future of blockchain technology.

The main goal of the event is to support and mentor early-stage projects and startups building on Solana, helping them transition from ideas or hackathon concepts into fully-fledged companies.

Solana, widely known for its role in the creation and hosting of meme coins, has also seen a surge in DeFi activity. This combination has put significant pressure on the network, exposing vulnerabilities in the current ecosystem.

To address these challenges, Solana has introduced Alpenglow, a next-generation consensus solution intended to replace the existing Proof of History and Tower BFT mechanisms.

Alpenglow also brings two advanced components: Votor and Rotor. Votor is responsible for block voting and achieving finality, while Rotor completely revamps data propagation. By replacing the existing Turbine protocol, Rotor enables smoother data distribution and significantly improves network stability.

Conclusion

Michigan’s introduction of four crypto-related bills underscores the asset class’s transition from niche interest to mainstream policy consideration. As lawmakers draft regulations on retirement fund allocations, mining, and CBDCs, they’re testing how traditional institutions can adapt to decentralized innovation. These decisions will influence not just Michigan but broader debates where technology and governance intersect.

Whether these bills foster collaboration or friction, they highlight crypto’s growing relevance in financial systems. For investors, this signals the importance of strategic positioning—understanding regulatory trends and evaluating which best crypto to buy now aligns with evolving frameworks. The path forward hinges on balancing innovation with institutional adaptability.

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.

Nikolay

Nikolay is a crypto enthusiast, with a keen interest in emerging technologies and investment strategies. He holds active positions across various crypto exchanges, regularly analyzing and investing in promising new projects and meme cryptos. Nikolay is known for his ability to take calculated risks and extract value from unconventional investments, with his highest return being 13X with the $PEPE token. His investment philosophy includes a strategic approach focused on long-term growth, supported by in-depth research of market trends and innovations in crypto and blockchain technologies. Niki actively monitors global market changes and has a deep understanding of cryptocurrency mechanisms and their potential for development.