{"id":48155,"date":"2025-02-26T05:15:17","date_gmt":"2025-02-26T05:15:17","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/lawmakers-in-montana-oppose-bitcoin-investment-bill\/"},"modified":"2025-02-26T05:15:17","modified_gmt":"2025-02-26T05:15:17","slug":"lawmakers-in-montana-oppose-bitcoin-investment-bill","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/lawmakers-in-montana-oppose-bitcoin-investment-bill\/","title":{"rendered":"Lawmakers in Montana Oppose Bitcoin Investment Bill"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p data-pm-slice=\"1 1 []\">Montana lawmakers rejected a proposal that would have allowed the state to invest in <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a> as a reserve asset. The bill, which aimed to create a special revenue account for investments in digital assets and precious metals, failed by a narrow margin.<\/p>\n<p>Forty Republicans and one Democrat supported the legislation, but 41 Democrats and 18 Republicans voted against it. The bill had passed a committee vote the previous week but did not gain enough support in the House of Representatives.<\/p>\n<p>The proposal defined digital assets broadly, including virtual currencies, cryptocurrencies, stablecoins, non-fungible tokens, and other digital-only assets that provide economic or proprietary rights. It also set a requirement that any crypto asset considered for investment must have a market capitalization exceeding $750 billion on average over the previous calendar year. Only Bitcoin meets that threshold.<\/p>\n<p>Montana is not the only state evaluating crypto reserve strategies. In West Virginia, Senator Chris Rose introduced a similar bill that would permit up to 10% of public funds to be allocated to digital assets. Lawmakers in Texas, <a href=\"https:\/\/igaming.org\/crypto\/utah-poised-to-become-first-u-s-state-with-a-bitcoin-reserve\/\">Utah<\/a>, and Arizona are also exploring related measures.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/montana-lawmakers-vote-against-bitcoin-investment-proposal\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Montana lawmakers rejected a proposal that would have allowed the state to invest in Bitcoin as a reserve asset. The bill, which aimed to create a special revenue account for investments in digital assets and precious metals, failed by a narrow margin. Forty Republicans and one [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":48156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/48155"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=48155"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/48155\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/48156"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=48155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=48155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=48155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}