Montana is approaching enabling Bitcoin Investment in State Reserve

The business and work committee of the house in Montana progressed the account that strives to establish a reservation that allows investments in Bitcoin, precious metals and stablecoins.

Introduced by the Curtis Schomer representative, household houses first landed at the house 7. February and now cleared its first main obstacle with a 12-8 Board Voting 19. February. Despite the unique opposition of the Democrats, the bill provided sufficient support for republicans to progress.

Now the account was headed to the full house of Montana on the vote. If it goes there, it will cross the state Senate for further discussion and approval. From there he should sign the governor to become the law.

If he passed, Montana would establish a special revenue account dedicated to investment in digital property, precious metals and stablecoin as part of a wider reservation strategy.

The Bill authorizes the civilian treasureman to the up to 50 million dollars of the General Fund until July 2025. years, these funds would be governed by the Montana Management Board and assigned funds to be assigned funds to be within the framework The bill of law.

The bill defines digital property as virtual currencies, cryptocurrency, stablecoins and other means based on blocks with economic or proprietary rights. However, in order to qualify for investments, the digital asset must have a market capital exceeding 750 billion dollars on average compared to the previous calendar year – the request is currently just Bitcoin only.

The amendment to the bill removed the previous request to keep the property qualified or through the stock exchange. This change spreads as the state can manage their investments, enabling more direct holding of property.

Montana joins the growing list of American States research Reserves Bitcoin, with IllinoisNew Mexico, North Dakota, OhioPennsylvania, South Dakota, I TexasAmong other things, according to similar accounts.

So far, Utah remains the only state in which Bitcoin Backline cleared the house. According to Denis Porter, the General Manager of the Satoshi ACT Fund, Utah could become the first American state to establish a Bitcoin reserve due to the short legislative calendar.

On the contrary, the chances of Bitcoin Reserve will be established at the national level she seems to be fading. Polimarket survey with over $ 7 million in the asset was put by Donald Trump, creating a strategic Bitcoin Reserve in the first 100 days at just 10%, is significantly 40% in January.