TechFlow reported on February 24 that, according to Cointelegraph, the Montana House of Representatives voted 41-59 to reject a bill (HB 429) that would have added Bitcoin to the state's reserve assets. The proposed legislation aimed to establish a special revenue account to invest in precious metals, stablecoins, and digital assets with an average market capitalization exceeding $750 billion over the past year—currently qualifying only Bitcoin. Several Republican lawmakers argued the investment was too risky for taxpayer funds. So far, similar bills have been introduced in 24 U.S. states, with Utah making the fastest progress on Bitcoin reserve legislation.
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