Utah has passed its Bitcoin reserve bill through the Senate Revenue and Taxation Committee, putting Bitcoin one step closer to becoming one of the state’s reserve assets. The HB230 “Blockchain and Digital Innovation Amendments” bill passed Utah’s revenue and taxation subcommittee in a 4-2-1 vote on Feb.

Montana's House of Representatives on Saturday voted down a bill that sought to make Bitcoin a state reserve asset.

A bill that would create a Bitcoin strategic reserve in the United States members state of Utah just progressed to a Senate committee.

Montana has blazed a trail, becoming the fourth U.S. state to push a Bitcoin reserve bill through to the House. On February 19, Montana’s House

Montana's rejection of a Bitcoin reserve bill highlights the diverse approaches US states are taking toward cryptocurrency investment legislation, with some advancing similar proposals while others exercise caution.

Montana’s Bitcoin reserve bill failed approval from the House, with 41 – 59 votes, “largely due to fiscal conservative opposition.”

Montana is the latest state in the US to see a bill being rejected which aimed to invest public funds in Bitcoin.

Montana’s House Business and Labor Committee has passed a bill that could open the door for Bitcoin and other cryptos to become reserve assets after a BTC strategic reserve bill passed the subcommittee level.