Bitcoin Reserve Bills Rejected by Montana

Montana House Rejects Bitcoin Investment Bill

• House Bill 429 proposed investing up to $50 million in crypto, stablecoins, and precious metals.
• The bill was introduced by Representative Curtis Schomer to diversify state assets.
• Bitcoin, with a market cap of $1.8 trillion, was the only digital asset meeting the bill’s criteria.
• The proposal was rejected in the House with a 41-59 vote.
• Other states like North Dakota, Wyoming, and Pennsylvania have also rejected similar proposals.

Montana’s House of Representatives voted against House Bill 429, which aimed to invest up to $50 million in digital assets like Bitcoin. The bill faced strong opposition and was defeated with a vote of 41-59.