Representatives of Montana House reject the Bitcoin reserve bill

• The Montana House rejected the Bitcoin Reserve invoice.
• The Bitcoin Reserve calculation was aimed at 50 million US dollars in crypto.
• The house quoted the risk of tax money.

On February 22, 2025, the House of Representatives of Montana determined from House bill no. 429 To establish reserve asset.

The 41-59 vote was a major setback for the supporters of the integration of cryptocurrency into Montana's financial strategy and showed a deep gap on the role of digital assets in public financing.

The legislation was introduced by the representative Curtis Schomer and requested that the state portfolio of the state diversify by creating a special revenue account. This account would have made it possible for the state treasury to assign up to 50 million US dollars for investments in stable coins, precious metals and cryptocurrencies with a market capitalization of more than 750 billion US dollars last year, a threshold that is currently only fulfilled by Bitcoin.

supporters argued that such a step could achieve higher returns than conventional bond investments, which Montana positioned as a future -oriented player in the developing financial landscape.

representative of the Montana House, which deal with the associated risks

Despite the rooms of the business of the business and the working and work committee of the house on February 19, a votes from 12 to 8 supported by Democrats and supported by Democrats was exposed to severe resistance during his second reading.

fiscal conservative, including many Republicans, expressed concerns about the speculative character of Bitcoin and emphasize the duty of the state to protect tax money.

The representative Steven Kelly recorded this feeling during the House Floor meeting and explains: "It is still tax money and we are responsible for it. We have to protect it. These types of investments are far too risky."

The representative Jane Gillette repeated these doubts and pointed out that the legislation did not have any clear guidelines for how the funds would be managed, while the representative Bill Mercer warned that the history of Bitcoin made it an unusual choice for public funds.

supporters argued on the other hand, such as representative of Lee Demming that the introduction of digital assets of Montana's reserves and long-term financial growth can protect a perspective that is shared by Bitcoin advocates.

The rejection of HB 429 for the time being effectively kills the proposal and requires that future efforts to start again in Montana's legislature.

US states are pushing according to Bitcoin reserves

The decision of Montana is in contrast to a growing trend by the US states that examine Bitcoin as a reserve.

approximately 24 states, including Utah, Arizona, Oklahoma, Texas and Ohio, have introduced similar laws, with Utahs HB230 made the greatest progress by investing up to 5% of public funds in digital asset.

National and worldwide, the advance for Bitcoin reserves gains the drive, whereby countries such as Switzerland, Brazil, Japan and Russia also deviate the potential of cryptocurrency as a strategic good.

Dennis Porter, CEO of the Satoshi Action Fund, which worked with the legislators of Montana such as Schomer and Senator Daniel Zolnikov, was disappointed with the move of Montana, but remained optimistic about the broader movement. He found that Bitcoins make a decentralized structure and limited offer to attractive protection against economic uncertainty.