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The Montana House of Representatives rejects the Bitcoin Reserve Bill

The Montana House of Representatives rejects the Bitcoin Reserve Bill

Bitget2025/02/24 00:48
BTC-2.82%

The Montana House of Representatives voted against a proposed bill on February 22, which had suggested using Bitcoin as a state reserve asset.

The bill proposed setting up a special revenue account to invest in precious metals, stablecoins, and digital assets with a market value exceeding $750 billion. Currently, only Bitcoin meets this standard. The bill was opposed by several Republican lawmakers who believed it would lead the state investment committee to excessively speculate with taxpayer funds, posing too high of a risk. Supporters argued that if the bill is not passed, the state government will lose an opportunity to increase its return on funds. At present, the bill has been essentially shelved; if it is to be reintroduced in the future, it must be resubmitted for legislative review again. (Cointelegraph)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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