South Dakota lawmakers dismiss proposal to invest in Bitcoin. Montana also rejects similar bill.
South Dakota lawmakers rejected bill HB1202 that would have allowed the state treasury to allocate up to 10% of its investment portfolio to Bitcoin (BTC). The bill, supported by five Republican representatives, was postponed due to concerns about Bitcoin price fluctuations over a 41-day period. This is the second state in the US this week to reject such a bill; yesterday, Montana lawmakers also rejected a similar bill that would have allowed state investment in Bitcoin as a reserve asset.
