Montana's Bitcoin investment plan rejected by lawmakers. Learn about the failed attempt to diversify state assets with digital currencies.
Montana’s attempt to invest public funds in Bitcoin faced a setback as the bill related to it was not approved in the state’s House of Representatives. The proposed bill, introduced by Curtis Schomer, aimed to create a special income account allowing up to $50 million to be invested in digital currencies, stablecoins, and precious metals. Despite Bitcoin meeting the specified criteria in the bill with a market value of $1.8 trillion, it faced strong opposition from lawmakers and was ultimately rejected in the House with 41 in favor and 59 against votes. Montana now joins North Dakota, Wyoming, and Pennsylvania in rejecting proposals to establish Bitcoin reserves.
