The legislators of Montana shot a bill that would have enabled the state government to invest in Bitcoin (BTC) as a reserve determination.
Forty Republicans and a Democrat voted in the House of Representatives of Montana voted for the bill, but 41 Democrats and 18 Republicans rejected it.
The bill, which adopted a committee voice last week, is said to have “created a special income from the State for investments in precious metals and digital assets”, defined with digital assets as “virtual currencies, cryptocurrencies, indigenous electronic assets, including stablecoins and not notbelecoins and not tokens and other assets only digital assets that Economic, ownership rights or access rights or powers. “
The bill would also have limited the state to invest in crypto assets with a market capitalization of more than $ 750 billion on average during the previous calendar – a criterion that only Bitcoin meets.
This year, Montana is not the only state that is monitoring the Crypto Reserve legislation this year: Earlier this month, Senator Chris Rose of West Virginia introduced a bill that would enable the state to 10% of public resources in the same types of assets to invest. Legislers in Texas, Utah and Arizona also consider similar proposals.
Bitcoin acts at $ 92,029 at the time of writing. The top crypto assets per market hood has fallen almost 4% in the last 24 hours.
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