Bitcoin Reserve: Montana Lawmakers Introduce Bill To Invest In BTC
Highlights
- US State of Montana introduces a bill to invest about $50 million Bitcoin, digital assets, etc.
- The bill is introduced by Rep. Gayle Lammers and co-sponsored by Rep. Curtis Schomer.
- The Czech Republic approved a bill to consider the diversification of reserve.
Amid increasing anticipations of the United States’ potential implementation of its Bitcoin strategy, new states are introducing BTC proposals. The US State of Montana has become the latest to join the US rally to adopt a strategic Bitcoin reserve.
Following the Czech Republic’s approval of a proposal that intends to analyze the possibilities of reserve diversification, a new US state has introduced a Bitcoin bill. This adds another layer of intrigue, making it increasingly uncertain which country will be the first to adopt a Bitcoin strategy.
US State of Montana Launches Bitcoin Reserve Bill
According to a recent X post by Dennis Porter, the CEO and co-founder of Satoshi Action Fund, the US state of Montana has introduced a strategic Bitcoin reserve bill. The bill intends to allow investments of up to $50 million in Bitcoin, other digital assets, stablecoins, or precious metals.
Porter revealed that Montana’s Bitcoin bill was introduced by Rep. Gayle Lammers and co-sponsored by Rep. Curtis Schomer. Including Montana, about 15 US states have submitted their BTC proposals. Thus, the community received the update with excitement, and anticipation is building for a potential nationwide rollout of the Bitcoin initiative in the US.
Arizona and Utah Pass Landmark Bitcoin Legislation
Notably, 15 US states, including Florida, New Hampshire, Pennsylvania, Ohio, North Dakota, Oklahoma, Texas, Wyoming, Massachusetts, South Dakota, Utah, Arizona, Illinois, Kentucky, and Montana proposed to hold Bitcoin reserves. Among them, Arizona and Utah approved the Bitcoin bill, becoming the first two US states to greenlight the BTC bill.
Meanwhile, Senator Cynthia Lummis has been pushing the US to take decisive action on the Bitcoin program. While there hasn’t been a clarification on the proposal’s status, proponents await Congress’ approval.
Czech’s Reserve Diversification Signals Bitcoin Adoption
In a recent development, the Czech Republic approved a proposal that considers the potential diversification of the national reserve. The country intends to include additional asset classes, including Bitcoin, to the reserve.
Despite opposition from Finance Minister Zbynek Stanjura, the country approved the proposal, signaling a potential integration of Bitcoin into the reserve. While this decision is a significant step forward, the final outcome remains uncertain and will depend on future developments within the country.
- Michael Saylor Reveals Strategy’s Endgame To Accumulate $1 Trillion Bitcoin For Its Treasury
- CZ Hints at ‘Uptober’ Bitcoin Rally Following Green September
- BlackRock Now Holds 3.8% of Bitcoin Supply; Bloomberg Analyst Explains Why It’s ‘Extraordinary’
- KuCoin Secures ISO 27701 Certification, Boosting User Trust and Privacy
- Breaking: SEC Moves To Allow On-Chain Stock Trading Alongside Crypto Amid Tokenization Push
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
- Analyst Predicts Dogecoin Price Surge as DOGE ETF AUM Hits $20M
- Ethereum Price Eyes $8,600 As Institutions And Whales Double Down
- Dogecoin Price Prediction – Chart Set-Up Highlights Perfect Buying Opportunity With Outflows Backing $0.45
- Bitcoin Price Set to Rebound Ahead of US Government Shutdown, NFP Data
- XRP Price Prediction: How XRP Could React After October 2025 SEC ETF Decisions
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
