Montana Lawmakers Introduce Bill To Invest In BTC
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Amid increasing anticipations of the United States’ potential implementation of its Bitcoin strategy, new states are introducing BTC proposals. The US State of Montana has become the latest to join the US rally to adopt a strategic Bitcoin reserve. Following the Czech Republic’s approval of a proposal that intends to analyze the possibilities of reserve diversification, a new US state has introduced a Bitcoin bill. This adds another layer of intrigue, making it increasingly uncertain which country will be the first to adopt a Bitcoin strategy. US State of Montana Launches Bitcoin Reserve Bill According to a recent X post by Dennis Porter, the CEO and co-founder of Satoshi Action Fund, the US state of Montana has introduced a strategic Bitcoin reserve bill. The bill intends to allow investments of up to $50 million in Bitcoin, other digital assets, stablecoins, or precious metals. Porter revealed that Montana’s Bitcoin bill was introduced by Rep. Gayle Lammers and co-sponsored by Rep. Curtis Schomer. Including Montana, about 15 US states have submitted their BTC proposals. Thus, the community received the update with excitement, and anticipation is building for a potential nationwide rollout of the Bitcoin initiative in the US. Arizona and Utah Pass Landmark Bitcoin Legislation Notably, 15 US states, including Florida, New Hampshire, Pennsylvania, Ohio, North Dakota, Oklahoma, Texas, Wyoming, Massachusetts, South Dakota, Utah, Arizona, Illinois, Kentucky, and Montana proposed to hold Bitcoin reserves. Among them, Arizona and Utah approved the Bitcoin bill, becoming the first two US states to greenlight the BTC bill. Meanwhile, Senator Cynthia Lummis has been pushing the US to take decisive action on the Bitcoin program. While there hasn’t been a clarification on the proposal’s status, proponents await Congress’ approval. Czech’s Reserve Diversification Signals Bitcoin Adoption In a recent development, the Czech Republic approved a proposal that…
Filed under: News - @ January 31, 2025 10:24 am