Montana Passes Bitcoin Reserve Bill to House
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The Business and Labor Committee of Montana’s House has approved a bill that could pave the way for Bitcoin and other cryptocurrencies to be used as reserve assets.
House Bill No. 429 was passed with a 12-8 vote on February 19, with unanimous support from Republicans and opposition from Democrats.
This bill is the fourth of its kind at the state level in the US to propose crypto as reserve assets. It aims to establish a special revenue account for investments in precious metals, stablecoins, and digital assets that have maintained an average market cap exceeding $750 billion over the past year.
As it stands, Bitcoin is the only digital asset meeting this criterion.
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