South Dakota and Montana Reject Bitcoin Investment Bills
- South Dakota lawmakers deferred HB1202, effectively rejecting the proposal to use Bitcoin as a state asset.
- The South Dakota bill was sponsored by five Republican legislators.
- The bill proposed allowing up to 10% of the state’s investment portfolio in Bitcoin.
- Montana lawmakers also rejected a similar bill for investing in digital assets, including cryptocurrencies and NFTs.
- Bitcoin is currently trading at $87,140, down 18% over the last month.
This week, both South Dakota and Montana lawmakers rejected bills that would have allowed state investments in Bitcoin due to concerns about volatility and other factors.
Source (2.6)https://dailyhodl.com/2025/02/25/south-dakota-lawmakers-reject-bill-proposing-to-hold-bitcoin-btc-in-state-reserves/?rand=59076
