The University of Michigan, which has an endowment valued at about $12 billion, may further invest in Andreessen Horowitz’s crypto fund.
A letter from the Michigan Secretary of State's office states that cryptocurrencies cannot be used for political donations.
A pair of bills submitted to Michigan's state legislature would make it a crime to illegally alter a blockchain record.
Michigan's investors and consumers should educate themselves on the use of digital currencies, says Bill Schuette.