The post The Montana rejects the strategic reserve in Bitcoin: a controversial decision  appeared on BitcoinEthereumNews.com.

Montana has recently rejected the bill HB429, which provided for the creation of a strategic reserve in Bitcoin for the State. The decision surprised many, especially because even some Republican representatives voted against. The debate highlighted the political divisions and economic concerns related to the adoption of cryptocurrency as a strategic asset.   What did the HB429 bill propose? The proposal aimed to create a state reserve in Bitcoin, following the example of other jurisdictions that are considering the integration of cryptocurrencies into their financial resources. The idea was to protect the purchasing power of the State through a decentralized asset, resistant to inflation and traditional monetary policies. The initiative was based on the growing acceptance of Bitcoin as a store of value, supported by companies and institutional investors. However, the proposal did not receive the necessary support to become law. Who voted against and why? One of the most surprising aspects of the vote was the rejection of the measure even by some Republicans, despite the party generally being in favor of economic policies based on market freedom. The reasons behind the opposing vote include:   – Concerns about Bitcoin volatility, which could expose the State to significant financial risks.   – Concerns about the security of the reserve, considering the need for adequate infrastructure for the custody of criptovalute. – Concerns related to regulation, as the regulatory framework for cryptocurrencies in the United States is still evolving.   These motivations have led to an internal division among the legislators, with some seeing Bitcoin as an opportunity and others considering it an excessive risk.   The implications for Bitcoin of the rejection for Montana   The rejection of the proposal could have both economic and political impacts. From a financial perspective, Montana misses an opportunity to diversify its reserves with an asset not correlated to…

---

Filed under: News - @ February 24, 2025 12:26 pm