Journalist
Posted:
- Montana promotes the Bitcoin Reserve Bill and participates in a growing list of American states that explore reserves supported by crypto.
- Utah leads in the Bitcoin reserve legislation, with the highest progress among American states.
The end of 2024 and the beginning of 2025 have marked a remarkably positive phase for the cryptocurrency sector.
While discussions about Donald Trump’s strategic bitcoin [BTC] Reserve proposal gains strength, states take steps to integrate Bitcoin into their financial frameworks.
Montana makes the movement
Montana is a leader in the Bitcoin Reserve movement. The Huis Business and Labor Committee has recently approved a bill with which the state can keep Bitcoin and other cryptocurrencies as reserve activa.
Source: Satoshi Action Fund/X
House account no. 429 was passed on on 19 February in a 12-8 votes along festive lines. It received unanimous republican support while it was confronted with democratic opposition. The bill positions Montana under states that explore reserves supported by crypto.
As the fourth of such a measure to reach an US state legislator, the bill proposes a special income account.
This account is for investments in precious metals, stablecoins and digital assets with a market capitalization of more than $ 750 billion in the past year.
What to expect?
The Bitcoin Reserve Bill from Montana continues to the State house and joins Utah, Arizona and Oklahoma in Crypto Reserve legislation.
If determined, the bill creates a special income account for investments in precious metals, stablecoins and digital assets with high market cap.
An important change removed the requirement for managing interests by a qualified custodian or via a listed fund (ETF).
If the legislation is adopted, it will take effect on July 1. The State treasurer can allocate to the account in mid -July to $ 50 million, extending the financial diversification strategy of Montana.
Other states in the Bitcoin Reserve Race
The movement to Bitcoin reserves supported by the state gains a grip in the American Illinois, Kentucky, Maryland and other states, propose similar bills.
Utah has made the most legislative progress. Industry experts believe that this could be the first to implement a Bitcoin reserve, given the efficient legislative process and a favorable political climate.
The efforts on the federal level continue, in which Senator Cynthia Lummis argues for national acceptance.
Market sentiment remains careful, with polymarket estimation Only a 10% chance that Donald Trump will draw up a BTC reserve within his first hundred days.
Despite this uncertainty, the head of Vaneck’s research projects, Mathew Sigel, which is approved by the state-guided Bitcoin reserve accounts, they can generate more than $ 23 billion in the request for BTC.
This would further solidify the role of Bitcoin in institutional financing.