Montana has passed a Bitcoin reserve bill at the subcommittee level, making it the fourth US state to advance a related bill to the House. <\/p>\n
<\/span> 24671 <\/span> Total views <\/span><\/p>\n 14 <\/span> Total shares <\/span><\/p>\n<\/div>\n Montana\u2019s House Business and Labor Committee has passed a bill that could open the door for Bitcoin and other cryptocurrencies to become reserve assets.\u00a0<\/p>\n Montana\u2019s business and labor committee passed<\/a> House Bill No. 429 in a 12-8 vote on Feb. 19, with all Republicans voting in favor and all Democrats opposed.<\/p>\n The fourth crypto reserve bill to reach the House at the state level in the US, the measure would create a special revenue account to invest in precious metals, stablecoins and digital assets with an averaged market cap above $750 billion over the last calendar year.\u00a0<\/p>\n Out of the digital assets, Bitcoin (BTC<\/a>) is the only one that currently meets this requirement.<\/p>\n The bill will now head to Montana\u2019s House \u2014 a stage in the legislative process that only Utah, Arizona, and Oklahoma have reached when it comes to Bitcoin reserve-related bills.<\/p>\n Source: <\/em>Satoshi Action Fund<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n The bill was amended to exclude the requirement that funds must be held by a qualified custodian<\/a> or through an exchange-traded fund.<\/a><\/p>\n If passed, the bill would become effective on July 1, allowing the state treasurer to move up to $50 million to a special account used to invest in precious metals, digital assets and stablecoins by July 15.<\/p>\n Related: <\/strong><\/em>Bitcoin should be studied, not feared, says Czech central bank head<\/strong><\/em><\/a><\/p>\n Illinois, Kentucky, Maryland, New Hampshire, New Mexico, North Dakota, Ohio,<\/a> Pennsylvania,<\/a> South Dakota and Texas<\/a> are among the other US states that have also introduced bills for a Bitcoin reserve.<\/p>\n Source: <\/em>Bitcoin Laws<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n Utah has made the most regulatory progress, being the only state to have a Bitcoin reserve bill passed through the House.<\/a><\/p>\n Satoshi Action Fund CEO Dennis Porter recently tipped Utah to be the first US state to adopt a Bitcoin reserve, citing the state\u2019s shorter legislative window calendar<\/a> and \u201cpolitical momentum.\u201d<\/p>\n US Senator Cynthia Lummis is still trying to pass a Bitcoin reserve bill at the federal level.<\/p>\n Magazine: <\/strong><\/em>How crypto laws are changing across the world in 2025<\/strong><\/em><\/a><\/p>\n<\/picture><\/div>\n