Montana Rejects Bill to Invest in Bitcoin as State Reserve Asset
- Montana’s House of Representatives voted against a bill to invest in Bitcoin, with 41 Democrats and 18 Republicans opposing it.
- The bill proposed creating a revenue account for investments in precious metals and digital assets, including cryptocurrencies.
- It required crypto investments to have a market cap over $750 billion, which only Bitcoin currently meets.
- Other states like West Virginia, Texas, Utah, and Arizona are considering similar cryptocurrency investment proposals.
The Montana House rejected the bill by a narrow margin, with 41 Democrats and 18 Republicans voting against it. The proposal sought to allow state investments in high-market-cap cryptocurrencies like Bitcoin.
Source (2.6)https://dailyhodl.com/2025/02/25/montana-lawmakers-vote-against-bill-that-wouldve-made-bitcoin-a-state-reserve-asset/?rand=59076
