Montana’s Bitcoin reserve bill failed in a 41-59 House vote, ending its prospects. Twenty U.S. states continue advancing similar Bitcoin reserve legislation despite Montana’s rejection. As the race to establish a Bitcoin [BTC] Reserve gains momentum across various U.

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’s House voted against a bill that could have made Bitcoin a state reserve asset on Feb. 22, with many lawmakers concerned it would have allowed the state’s investment board to speculate too heavily with taxpayer money.

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

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 joins North Dakota, Wyoming, and Pennsylvania in halting proposals to include Bitcoin in state reserves.

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.

Montana is the latest state in the US to see a bill being rejected which aimed to invest public funds in Bitcoin.

Montana’s Bitcoin reserve bill failed approval from the House, with 41 – 59 votes, “largely due to fiscal conservative opposition.”

Montana’s House rejected Bill No. 429 to designate Bitcoin as a state reserve asset, with 41 votes in favor and 59 against.

Montana’s House Business and Labor Committee has passed a bill that could open the door for Bitcoin and other cryptos to become reserve assets after a BTC strategic reserve bill passed the subcommittee level.