Be bitcoin bitcoin bilk shelved city risks of tax tax

22. February, MONTANA House of Representatives Voted 41-59 against an account that Bitcoin would perform the state reserves. Suggested Account for House no. 429 Whose goal is to create a special account of investing in Bitcoin, StableCoins and precious metals that meet the $ 750 billion market, which currently Bitcoin currently fulfills. However, many republican lawmakers expressed concerns about the risk of speculation of money to speculate and voted against the law.

The Steven Kelly’s state representative claimed that these types of investments were too risky, emphasizing the need to protect public funds. However, as reported by COINTELEGRAPH, representative Lee Demming said, “If we will keep the taxpayer money, I think that we owe taxpayers as a high return to that money sitting there or you or you return to it, So I will vote this account for that reason. “

Representative Montana Steve Fitzpatrick added: “We can return to the taxpayer and will eventually allow us to restore more money to reduce taxes and provide this fiscal relief that people are looking for.” Despite the support of some legislators who believed in the potential advantages of investing in digital property, the account was pasten.

MONTANA DECISION reflects broader resistance to the acceptance of cryptocurries, and 24 other states considered similar legislation. However, Utah has achieved more progress in his account for Bitcoin support. Voting emphasizes the conflict between the traditional administration and the growing influence of crypto movement.