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HB 1155SOUTH DAKOTASession 2026State Billdead
Did Not Advance

South Dakota Bill Permits State Investment in Bitcoin Up to Ten Percent of Available Public Funds

Original title: permit the state to invest in Bitcoin.

Last action · February 6, 2026: Deferred to the 41st legislative daySponsors: Logan Manhart and 4 others

Bill progressHistory & official text ↓
Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Proposed

South Dakota House Bill 1155 authorizes the state to invest public funds in up to a ten percent cap, subject to strict custody and security requirements. The legislation establishes legal definitions for digital assets and outlines holding mechanisms through direct secure custody, s, or s.

Why it matters

Changes the asset classes available for South Dakota public fund investments by allowing allocation into cryptocurrency, affecting the composition and risk profile of state-managed portfolios.

Background
  • State public fund investments in South Dakota are typically managed under strict statutory guidelines overseen by the State Investment Council. context
  • House Bill 1155 was introduced during the 2026 legislative session of the South Dakota Legislature. context

Who It Would Have Affected

Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.

Directly affected

State Investment Council

The council gains authorization to allocate up to ten percent of state investment funds into Bitcoin and must adhere to specific multi-party governance and custody rules.

Directly affected

Qualified custodians and banking institutions

Banks, trust companies, and special purpose depositories regulated by the Division of Banking become eligible to maintain custody of state digital assets under defined statutory standards.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is the maximum percentage of state funds that can be invested in Bitcoin under this bill?
The State Investment Council may not invest more than ten percent of the state moneys made available for investment in .
How must the state hold any Bitcoin acquired under this legislation?
must be held either directly by the State Investment Council using a secure custody solution, by a on behalf of the council, or as an issued by a registered investment company.
What qualifications must a custodian meet to hold the state's Bitcoin?
A must be a federal or state-chartered bank, trust company, or special purpose depository institution or company regulated by the Division of Banking and authorized to maintain custody of digital assets.

What else do you want to know?

News Coverage

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Where This Stands

This bill did not become law - Died at adjournment · in House committee.

Procedural history

3 actions
  1. Feb 6, 2026House
    Deferred to the 41st legislative day
  2. Feb 6, 2026House
    Scheduled for hearing
  3. Jan 27, 2026HouseIntroduced
    First read in House and referred to

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Sponsors

Logan ManhartHouseRepublicanPrimary sponsor
Tom PischkeSenate · District 25RepublicanPrimary sponsor
Tim GoodwinHouseRepublicanCosponsor
Phil JensenHouseRepublicanCosponsor
Dylan JordanHouseRepublicanCosponsor

Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift98% confidence

Expansion of State Investment Portfolios into Digital Assets

The bill amends traditional conservative state investment guidelines by explicitly adding cryptocurrency and establishing a legal framework for state-held digital assets.

State Investment CouncilDivision of Banking

Connected Entities

State Investment Council, Tom Pischke, Logan Manhart and 6 more
OrganizationState Investment Council“Council authorized to invest state moneys in Bitcoin”Map →
PersonTom Pischke“Representative cosponsoring House Bill 1155”Map →
PersonLogan Manhart“Representative introducing House Bill 1155”Map →
OrganizationSecurities and Exchange Commission“Regulator approving exchange-traded products and registered investment companies”Map →
OrganizationDivision of Banking“Regulator of exchange-traded products, banks, and qualified custodians”Map →
PersonJensen (Phil)“Cosponsor of House Bill 1155”Map →
PersonDylan Jordan“Cosponsor of House Bill 1155”Map →
OrganizationUnited States Commodity Futures Trading Commission“Regulator approving exchange-traded products”Map →
PersonTim Goodwin“Cosponsor of House Bill 1155”Map →

Sources

Open source document

sdlegislature.gov

Analysis Score

0–100
  • Significance20
    Lowered because this bill did not pass (its text scored 75)
  • Controversy80
    Intensity of disagreement among stakeholders
  • Entertainment15
    Compellingness for a non-policy-wonk reader
  • Buzz65
    Current news / social attention level

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