Businesses: other; regulations regarding cryptocurrency and digital asset mining; provide for. Creates new act.

This bill establishes the Digital Asset Act to regulate the use of cryptocurrencies and digital assets in Michigan while protecting specific rights for individuals and businesses. It prohibits local governments from taxing digital assets used for payment, restricting how people store their assets in wallets, or interfering with home and industrial digital asset mining operations. The legislation also bans state and local entities from accepting central bank digital currency as legal payment and prevents them from requiring it for taxes or services. Additionally, the bill limits noise complaints related to mining activities to general sound pollution rules and offers a legal remedy of treble damages for violations.