Minnesota just cracked open the vault. Local banks can now hold your Bitcoin.

🔹 The Governor Signed It
Tim Walz signed HF 3709 into law. State-chartered banks and credit unions can officially offer crypto custody services . Effective date: August 1, 2026 .

🔹 What The Law Allows
Banks can hold the keys. Credit unions can too. It's not a mandate, it's an option—but the infrastructure is now legal . Customer assets must stay strictly separated from the bank's own assets. No commingling. No funny business . Institutions file a 60-day notice before launch.

🔹 Demand Is Already Here
20% of members at St. Cloud Financial Credit Union already own crypto . They've just been using unregulated platforms. Now they get a trusted local option. The bill's author said it plainly: "Forcing Minnesotans to rely on unregulated, out-of-state or offshore providers" is over .

The Twist
Minnesota also banned crypto ATMs statewide starting August 1 . Regulated custody in. Unregulated kiosks out. Consumer protection comes with the package.

Friends, would you trust your local credit union with your crypto keys, or is self-custody still the only way?
$BTC ‌