A proposal in the Montana House of Representatives to introduce a state Bitcoin reserve fund has failed. The Inflation Protection Act, as it was called, was passed by the House Business and Labor Committee,

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 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 House Bill No. 429, which sought to establish a state-backed Bitcoin reserve, has failed to move forward after a crucial vote in the state’s House of Representatives. The bill was rejected by a 41-59 vote on February 22,

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.