Testimony on HB 4510 and HB 4511 — Paul Jordan, House Committee on Economic Competitiveness

Summary

An email from Paul Jordan to Dakota Soda, sent Thursday, December 4, 2025, with the subject HB 4510 & HB 4511. The email asks that the writer's opposition to HB 4510 and 4511 be conveyed to the members of the House Committee on Economic Competitiveness. It states that cryptocurrency is an investment entirely based on speculation and that the state government has a fiduciary responsibility for retirement funds that it manages. The email urges the committee members to vote against approval of the bills.

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“Testimony on HB 4510 and HB 4511 — Paul Jordan, House Committee on Economic Competitiveness.” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2025-12-11-testimony-hb-4510-hb-4511-paul-jordan-61115-5b7ac5e957/, SHA-256 aa81dfbec0d7c0e8bf86da806724e88193e2628174b6afed5f09126feb2c768a.

Full text

Dakota Soda

From:                        Paul Jordan <pgj1949@sbcglobal.net>
Sent:                        Thursday, December 4, 2025 3:54 PM
To:                          Dakota Soda
Subject:                     HB 4510 & HB 4511

Dear Ms. Soda:

I would appreciate it very much if you would convey my opposition to HB 4510 and 4511 to the
members of the House Committee on Economic Competitiveness.

Cryptocurrency is an 'investment' that is entirely based on speculation. It represents no share in a
productive enterprise, commodity, our any physical object. Any increase in its sales price attached to
it is solely due to someone's belief that it will sell for more in the future. It represents no more
inherent value than beanie babies. Baseball cards and Barbie dolls have more inherent value than
cryptocurrencies!

The state government has a fiduciary responsibility for retirement funds that it manages. In order to
perform that function, it SHOULD be prohibited from involvement in any fundamentally speculative
activity such as this!

I therefore urge the committee members to vote against approval of these bills.

Sincerely,

Paul Jordan
1707 Linwood Ave.
Flint, MI. 48503

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