The bill on the creation of reserves in Bitcoin in the state of Montana was rejected by the House of Representatives. In a vote on February 22, 2025, the bill received 41 votes in favor and 59 votes against. Its goal was to allow state funds to be invested in cryptocurrencies and precious metals with a market capitalization of over $750 billion. Opponents argued that this was too risky a use of taxpayer money. Supporters, on the other hand, argued that such investments could improve the state’s financial standing.
2/24/2025 8:38:46 AM (GMT+1)
The bill on Bitcoin reserves rejected in Montana: The House of Representatives voted against investing in cryptocurrencies using state funds
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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