PANews reported on March 19 that according to Cointelegraph, U.S. Minnesota Senator Jeremy Miller proposed the Minnesota Bitcoin Act, which he drafted after completely changing his position on Bitcoin. Miller said in a statement on March 18: "As I researched more about cryptocurrencies and received more and more feedback from voters, I went from being highly skeptical to gradually understanding and then believing in Bitcoin and other cryptocurrencies." Miller said that the bill aims to "promote prosperity in Minnesota" by allowing the Minnesota Investment Committee to invest state assets in Bitcoin and other cryptocurrencies, just like investing in traditional assets.

Under Miller's bill, Minnesota state employees will be able to add Bitcoin and other cryptocurrencies to their retirement accounts. The bill will also allow residents to pay state taxes and fees with Bitcoin. Colorado and Utah already accept cryptocurrencies for tax payments, while Louisiana allows them to be used for state services. Investment gains from Bitcoin and other cryptocurrencies will also be exempt from state income taxes.