The effort to establish state-level Bitcoin reserves has faced setbacks in some U.S. states. Several states are still in the process of establishing the first

Montana’s House Bill No. 429, which sought to establish a state-backed Bitcoin reserve, has failed to move forward after a crucial vote in the state’s House of Representatives. The bill was rejected by a 41-59 vote on February 22,

Montana lawmakers rejected a bill proposing a strategic Bitcoin reserve even as Michael Saylor hinted at more BTC buying.

The proponents of the bill maintained that investing in Bitcoin and other investments would enable the state to earn better returns on excess funds. Representative Lee Demming insisted that Montana had a responsibility to ensure maximum returns on taxpayers’ money instead of allowing it to remain idle.

The state’s ambitious House Bill No. 429, which aimed to create a special revenue account for investing in precious metals, stablecoins, and high-market-cap digital assets, failed to clear the House of Representatives.

Montana has blazed a trail, becoming the fourth U.S. state to push a Bitcoin reserve bill through to the House. On February 19, Montana’s House

Montana's House of Representatives on Saturday voted down a bill that sought to make Bitcoin a state reserve asset.

A proposal in the Montana House of Representatives to introduce a state Bitcoin reserve fund has failed. The Inflation Protection Act, as it was called, was passed by the House Business and Labor Committee,

Montana's rejection of a Bitcoin reserve bill highlights the diverse approaches US states are taking toward cryptocurrency investment legislation, with some advancing similar proposals while others exercise caution.