{"id":151917,"date":"2025-02-25T18:00:49","date_gmt":"2025-02-25T16:00:49","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=151917"},"modified":"2025-02-25T15:41:29","modified_gmt":"2025-02-25T13:41:29","slug":"montana-rejects-bitcoin-btc-reserve-bill","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/montana-rejects-bitcoin-btc-reserve-bill\/","title":{"rendered":"Montana Rejects Bitcoin (BTC) Reserve Bill"},"content":{"rendered":"<p>In a recent decision, the Montana House of Representatives rejected a proposal aimed at creating a reserve for <a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\"><strong>Bitcoin<\/strong><\/a>.<\/p>\n<p>House Bill 429, which sought to create an investment fund for PTS, stablecoins and precious metals, maintaining a market value of over $750 billion, was rejected by a vote of 59 to 41.<\/p>\n<p>Many lawmakers expressed concern about the risks associated with crypto investments, questioning the stability and long-term viability of Bitcoin in government financial planning.<\/p>\n<p>Representative Stephen Kelly emphasized the need to protect taxpayer money, stating:<\/p>\n<p><em>&#8220;This type of investment is very risky and we have an obligation to protect state funds.&#8221;<\/em><\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-to-drop-to-70000-as-hedge-funds-unwind-positions-arthur-hayes\/\" title=\"Bitcoin to Drop to $70,000 as Hedge Funds Unwind Positions &#8211; Arthur Hayes\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Bitcoin-6-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin to Drop to $70,000 as Hedge Funds Unwind Positions &#8211; Arthur Hayes<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Despite this opposition, the bill&#8217;s sponsor, Curtis Schomer, said that if the bill is not passed, it poses an even greater risk. He warned that continued investment in traditional bonds could erode Montana&#8217;s purchasing power, suggesting that alternative assets like Bitcoin and precious metals may offer better long-term stability.<\/p>\n<p>The bill&#8217;s rejection comes at a time when at least 24 states, including Arizona, Illinois, New Hampshire, New Mexico, North Dakota, Ohio, Pennsylvania and Texas, have introduced similar proposals to incorporate PTS into their financial strategies.<\/p>\n<p>The Montana debate highlighted a growing divide among policymakers over the role of cryptocurrency in state reserves, with some viewing it as a necessary financial innovation while others remain hesitant due to regulatory and market uncertainty.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Several U.S. states are exploring the possibility of establishing reserves for Bitcoin, despite President Donald Trump&#8217;s push for a national PTS strategy. However, not all states agree with this initiative.<\/p>\n","protected":false},"author":3,"featured_media":36479,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27,25],"tags":[],"class_list":["post-151917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-regulations"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Montana Rejects Bitcoin (BTC) Reserve Bill<\/title>\n<meta name=\"description\" content=\"Several U.S. states are exploring the possibility of establishing reserves for Bitcoin, despite President Donald Trump&#039;s push for...\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Montana Rejects Bitcoin (BTC) Reserve 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