The state of Montana has rejected a bill for establishing a bitcoin reserve, while other US states take measures to integrate digital assets. Let's examine the situation in detail.
State of the Crypto Market
The crypto market has continued its downturn over the weekend. Bitcoin has once again settled at $95,000 after recently nearing $100,000. These bearish trends also affect the AltSeason, causing minor price drops. However, there has been a resurgence in activity following the weekend slump.
Bitcoin Bill in Montana
The state of Montana decided to dismiss a bill proposing to make bitcoin part of the state reserves. The bill aimed to include bitcoin and other digital assets in the state’s reserves. One representative stated that taxpayers’ money needs protection as such investments are too risky. The community has taken this decision without much negativity, hoping for future changes. Bill sponsor Curtis Schomer emphasized, 'The only risk is not passing this bill,' highlighting the potential loss in purchasing power if the state continues investing in bonds.
State-level Dynamics
In January 2025, several US states announced plans to establish up to 20 strategic bitcoin reserves. States like Ohio, Texas, and Illinois have already passed respective laws. This interest has strengthened the US pro-crypto stance, particularly in regulatory frameworks. Internationally, Russia and the South African firm AltVest Capital have also adopted the bitcoin reserve strategy.
Montana's rejection of the bitcoin reserve bill illustrates varied approaches within the US towards digital asset regulation. While some regions remain cautious about such investments, others actively develop their regulatory frameworks to embrace cryptocurrencies.
