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Montana's Bitcoin Reserve Bill Rejected by House Lawmakers
The Montana House voted 41-59 against a bill that could have seen the U.S. state establish a Bitcoin reserve fund.
On February 22, the Montana House voted against a bill that could have made Bitcoin a reserve asset for the state, with many lawmakers concerned that this would allow the state investment board to speculate too much with taxpayer money. Many Republicans voted against House Bill 429 with a vote tally of 41-59. The bill proposed creating a special revenue account to invest in precious metals, stable cryptocurrencies, and digital assets with a market capitalization of over $750 billion in the past calendar year — a criterion that only
currently meets.
"It's still taxpayer money; we are responsible for it, and we need to protect it," State Representative Steven Kelly stated during Montana's House session on February 22, adding that "these types of investments are too risky." Representative Bill Mercer also disliked the idea of giving the Montana Investment Board the authority to decide on investments in cryptocurrencies and non-fungible tokens.
"I'm not here to do that," he said, while another lawmaker added, "To me, this sounds like speculation." 92359369145
71919966563
The Montana House voted 41-59 against a bill that could have seen the U.S. state establish a Bitcoin reserve fund.
On February 22, the Montana House voted against a bill that could have made Bitcoin a reserve asset for the state, with many lawmakers concerned that this would allow the state investment board to speculate too much with taxpayer money. Many Republicans voted against House Bill 429 with a vote tally of 41-59. The bill proposed creating a special revenue account to invest in precious metals, stable cryptocurrencies, and digital assets with a market capitalization of over $750 billion in the past calendar year — a criterion that only
currently meets.
"It's still taxpayer money; we are responsible for it, and we need to protect it," State Representative Steven Kelly stated during Montana's House session on February 22, adding that "these types of investments are too risky." Representative Bill Mercer also disliked the idea of giving the Montana Investment Board the authority to decide on investments in cryptocurrencies and non-fungible tokens.
"I'm not here to do that," he said, while another lawmaker added, "To me, this sounds like speculation." 92359369145
71919966563
🚨 News: Montana's House introduced Bill 429, proposing up to $50 million in investments in digital assets (like Bitcoin) with a market cap over $750 billion, by July 15, 2025.
#Bitcoin #DigitalAssets #Montana #Crypto #Investment
#Bitcoin #DigitalAssets #Montana #Crypto #Investment
🚨 JUST IN: 🇺🇸 Montana House passes bill to:
✅ Protect #Bitcoin self-custody
✅ Safeguard mining rights
🚫 Ban Central Bank Digital Currencies (CBDCs)
🌐 A big win for crypto freedom!
#Crypto #Montana #CBDC #Regulation $BTC
✅ Protect #Bitcoin self-custody
✅ Safeguard mining rights
🚫 Ban Central Bank Digital Currencies (CBDCs)
🌐 A big win for crypto freedom!
#Crypto #Montana #CBDC #Regulation $BTC
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Montana Moves Closer to Recognizing Bitcoin as a Reserve Asset
Montana has just made an important step in recognizing Bitcoin (BTC) as the state's reserve asset. The bill named House Bill No. 429 was passed by the state House Business and Labor Committee #Montana on February 19, with a vote of 12 in favor and 8 against. All Republican members supported it, while Democrats opposed it.
Bitcoin Included in Montana's Investment Plan
Bitcoin Included in Montana's Investment Plan
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Montana Rejects Bitcoin Reserve Bill – Legalization Trend Continues
Although it once had the chance to be one of the pioneering states in recognizing Bitcoin as a reserve asset, on February 23, the Montana House rejected this bill by a vote of 41-59.
Bitcoin Not Accepted by Montana Due to Risk Concerns
House Bill No. 429, passed by the House Business and Labor Committee #Montana on February 19, originally proposed establishing a fund to invest in precious metals, stablecoins, and digital assets with a market capitalization over $750 billion. Bitcoin is the only asset that meets this criterion.
Bitcoin Not Accepted by Montana Due to Risk Concerns
House Bill No. 429, passed by the House Business and Labor Committee #Montana on February 19, originally proposed establishing a fund to invest in precious metals, stablecoins, and digital assets with a market capitalization over $750 billion. Bitcoin is the only asset that meets this criterion.
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Bitcoin Reserve: Many U.S. States Say "No" to Public Investment Bills in Crypto
The trend of proposing Bitcoin reserves at the state level in the U.S. is facing significant obstacles as numerous states reject related bills. Although more than 20 of the 50 U.S. states have introduced or are considering bills regarding Bitcoin reserves or digital asset investments, many states have recently rejected or stalled the legislative process.
Consecutive proposals have been rejected
Consecutive proposals have been rejected
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Bitcoin is Increasingly Being Accepted by U.S. States as a Strategic Asset
The acceptance of Bitcoin in the United States is entering a new phase as more states are considering legislation regarding holding BTC as a strategic asset. According to updates from @Bitcoin_Laws, there are currently 13 states in the process of discussing these legal frameworks.
Some notable developments:
#Montana : The bill allowing the state to invest in Bitcoin has passed the review stage in committee and is set to be voted on by the House.
Some notable developments:
#Montana : The bill allowing the state to invest in Bitcoin has passed the review stage in committee and is set to be voted on by the House.
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