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Montana House of Representatives Rejects Bitcoin Reserve Bill

2025.02.24 08:32:12

February 24th. On February 22nd, the Montana House of Representatives voted against a bill which had proposed designating Bitcoin as the state's reserve asset. The bill proposed establishing a special revenue account to invest in precious metals, stablecoins, and digital assets having a market capitalization of over $750 billion. Currently, only Bitcoin meets this criterion. The bill encountered opposition from multiple Republican lawmakers who thought it would lead the state investment board to engage in excessive speculation with taxpayer funds, presenting too high a risk. In contrast, supporters argued that the failure to pass the bill would cause the state government to miss an opportunity to increase the returns on its funds. At present, the bill has been effectively shelved. If it is to be reintroduced in the future, it will need to be resubmitted for legislative review. (Cointelegraph)
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