New documents show that a Montana account to use Bitcoin (BTC) as reserve resistant is on the way to the house of representatives of the State for a mood.
According to Legislative Tracking Service Legiscan, Montana House Bill 429 – with which the State would be able to invest in precious metals and digital assets – adopted a committee voice and on the way to the floor of the house.
The bill says that it would create ‘a special income from the state for investments in precious metals and digital assets’, where digital assets are defined as’ virtual currencies, cryptocurrencies, native electronic assets, including stablecoins and non-fungal tokens and other only digital assets that grant economic, ownership rights or access rights or powers. “
The bill also says that the state is limited to investing in precious metals, crypto assets with a market capitalization of more than $ 750 billion on average during the previous calendar year and Stablecoins. Bitcoin is currently the only non-stabile crypto-asset that meets the criteria.
In addition, the State treasurer will “transfer to $ 50 million from the general fund to the [investment] Account ”on July 15, 2025.
Earlier this month, Senator Chris Rose of West Virginia introduced a bill with which the state could invest up to 10% of public funds in the same types of assets. Legislers in Texas, Utah and Arizona consider similar proposals.
The Digital Asset flagship is traded for $ 96,264 at the time of writing, a fall of 1.96% during the last 24 hours.
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