The proponents of the bill maintained that investing in Bitcoin and other investments would enable the state to earn better returns on excess funds. Representative Lee Demming insisted that Montana had a responsibility to ensure maximum returns on taxpayers’ money instead of allowing it to remain idle.

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 lawmakers rejected a bill proposing a strategic Bitcoin reserve even as Michael Saylor hinted at more BTC buying.

Montana’s Bitcoin reserve bill failed in a 41-59 House vote, ending its prospects. Twenty U.S. states continue advancing similar Bitcoin reserve legislation despite Montana’s rejection. As the race to establish a Bitcoin [BTC] Reserve gains momentum across various U.

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

Montana’s House of Representatives have voted down House Bill No. 429, a proposal that aimed to establish Bitcoin as a state reserve asset.

Montana’s House rejected Bill No. 429 to designate Bitcoin as a state reserve asset, with 41 votes in favor and 59 against.

South Dakota lawmakers rejected a bill that would have allowed the state to invest up to 10% of its public funds in Bitcoin, following a similar rejection in Montana, though the bill's sponsor plans to reintroduce it next year while other states continue to explore cryptocurrency investment options.