Montana Voted Against State-level Bitcoin Reserve Bill

On February 22, 2025, the Room of Representatives of Montana voted against Bill of house n ° 429A proposal to establish a bitcoin reserve at the state level. The bill, which aimed to diversify the financial assets of Montana by creating a special income account for investment in bitcoin, precious metals and stablecoins, was rejected by a vote of 41 in favor of 59. This Decision triggered discussions on the question of whether Montana has missed the opportunity to innovate or make a cautious choice in the management of taxpayers’ funds.

The bill had stressed that the treasurer of the State would allocate $ 50 million to the reserve by mid -July 2025, with investments limited to digital assets retaining market capitalization over 750 billion dollars – BitcoinThe only cryptocurrency that meets this threshold at the time. Supporters, including the sponsor of the bill, the representative Curtis Schomer, Argued that it could protect the purchasing power of the state against inflation and offer higher yields than traditional obligations.

However, the opposition, largely of tax curators and many Republicans, focused on the perceived volatility of Bitcoin and the risks of using public funds for such investments. Representative Steven Kelly stressed the state’s duty to protect taxpayers, calling for investments in cryptocurrencies “Too much risky.”

Although the bill has adopted the Chamber’s business and work committee On February 19 with a vote from 12 to 8 years old, he failed to gain ground in the full house. Montana is now joining states such as northern Dakota, Wyoming and Pennsylvania to reject similar bitcoin reserve proposals. Meanwhile, around 20 other American states, especially Utah And ArizonaContinue to explore or advance the user -friendly crypto legislation, highlighting a patchwork of digital asset approaches across the country. For the moment, Montana’s decision reflects a preference for the financial prudence of the adoption of the cryptocurrency as a state reserve.

Texas was notably proactive in the progress of the user -friendly crypto legislation. At the beginning of 2025, Bill 21 of the Senate was presented, proposing a strategic bitcoin reserve without limit to purchases, signaling strong support to integrate bitcoin into state finances. This follows a model of enthusiasm of cryptography in Texas, where previous laws have recognized virtual currencies within the framework of the Uniform commercial code And allowed banks to have digital assets. The state rejection of restrictive measures contrasts with its pressure to promote a friendly environment, including support for mining operations.

Utah stands out as a leader in cryptographic legislation. The State has introduced several invoices to encourage adoption, including measures to allow cryptocurrency payments for state taxes and costs. The UTAH regulatory framework exempts certain blockchain activities from the laws of the monetary transmitter, creating a welcoming environment for cryptographic companies. His constant efforts positioned it before many peers in the integration of digital assets in state operations.

The Ohio’s Blockchain Basics ActIntroduced at the beginning of 2025, aims to treat cryptographic payments equivalent to Fiat, prohibiting additional state taxes on these transactions. It also supports mining and self -sufficiency, positioning Ohio as a state adopting the practical use of cryptography without necessarily focusing on reserves.

Several states have seen crypto proposals vacillating. North Dakota,, WyomingAnd Pennsylvania Rejected Bitcoin reserve invoices at the beginning of 2025, often due to concerns about volatility and budgetary risk. The Bill 429 of the Montana Chamber, which was aimed at creating a bitcoin reserve of $ 50 million, was elected on February 22, 2025 by a margin of 41-59, highlighting a prudent approach among certain legislators disturbing ‘Use public funds for cryptographic investments.