Montana Rejects Bitcoin Reserve Bill
Generated by AI AgentCoin World
Monday, Feb 24, 2025 1:32 am ET1min read
BTC--
Montana's Bitcoin reserve bill fails to pass second reading, effectively dead
The Montana House of Representatives failed to pass Bill 429, which aimed to designate Bitcoin as a state reserve asset, with a 41-59 vote. The bill intended to establish a special revenue account for investing in Bitcoin, precious metals, and stablecoins. Lawmakers expressed concerns over the risks associated with crypto investments and disagreed with granting the Montana Investment Council the authority to invest in crypto and NFTs. Despite some support, opposition, citing the speculative nature of the investment, prevailed.
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