On February 24, the Montana House of Representatives voted against a proposed bill on February 22 that had proposed to make Bitcoin a state reserve asset.
The bill proposes to set up a special income account to invest in precious metals, stablecoins, and digital assets with a market value of more than $750 billion. Currently, only Bitcoin meets this standard. The bill was opposed by several Republican lawmakers, who believed that this would allow the State Investment Committee to over-speculate with taxpayer funds and the risk was too high. Supporters believe that if the bill is not passed, the state government will lose the opportunity to increase its return on funds. At present, the bill has been basically shelved, and if it is to be re-proposed in the future, it needs to be submitted to the legislature for review again.
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