💸📈 Montana Authorities Rejected the Bitcoin Reserve Due to Risks The bill to create a Bitcoin reserve in the state of Montana failed to pass a vote in the House of Representatives (41–59). The main reason for rejection was concerns that investing state funds in cryptocurrency would lead to speculation and budgetary risks. Critics of the bill, including representatives Steven Kelly and Bill Mercer, emphasized that such investments are unjustified and could harm taxpayers. An attempt to finance the reserve using interest from federal funds (ARPA) also failed to gain support. ⚖️ Lawmakers also expressed doubts about the tracking mechanism for such investments, considering the process unreasonable. However, supporters, including Lee Demming, believe the state should maximize returns, arguing that rejecting Bitcoin could lead to losses. Bill sponsor Curtis Shomer stressed that keeping capital in bonds reduces the purchasing power of the Montana Investment Council. 📊 Although the project failed in Montana, similar initiatives are being considered in 24 states, with 19 of them still active. In Utah, approval could come soon. 🇺🇸🚀 💡Do you need fast and reliable exchanges? Welcome to 👉 https://mine.exchange/en