PANews reported on January 28th that, according to Cointelegraph, South Dakota State Representative Logan Manhart introduced another bill on Tuesday aimed at allowing the state to invest a portion of its public funds in Bitcoin. The bill, numbered HB 1155, proposes amending the state code to allow the State Investment Commission to allocate up to 10% of its public funds to Bitcoin.

This bill is only slightly modified from a similar bill proposed by Manhart in 2025, which was previously shelved and not signed into law. If passed, South Dakota will become the latest U.S. state, after Texas, Arizona, and New Hampshire, to legislate for cryptocurrency or Bitcoin reserves.