Articles for tag: Bitcoin reserve bill, cryptocurrency investment, Digital Assets, fiscal responsibility, Montana Bitcoin, State Legislation

February 24, 2025

Montana House Lawmakers Reject Bitcoin Reserve Bill, Impacting State’s Cryptocurrency Future and Investment Opportunities

Montana’s House recently rejected a bill that aimed to classify Bitcoin as a state reserve asset. The vote on February 22 was 41-59, with many lawmakers, including Republicans, expressing concerns about the risks of investing taxpayer money in volatile assets like cryptocurrencies. While some representatives argued that the bill could increase returns for taxpayers, others ...

February 14, 2025

Market News

Crypto

Texas Bitcoin Reserve Bill Eliminates $500 Million Purchase Cap, Paving the Way for Expansive Cryptocurrency Investments in the State

Texas Senator Charles Schwertner has introduced a new Bitcoin reserve bill, SB 21, which removes the previous annual purchasing limit of $500 million. This allows Texas to make much larger investments in Bitcoin and other cryptocurrencies that meet certain Market value criteria. The bill shifts from simply holding Bitcoin as an asset to actively trading ...

January 28, 2025

Market News

Crypto

Arizona Senate Committee Greenlights Strategic Bitcoin Reserve Bill for Financial Innovation

Arizona’s Senate Finance Committee has recently approved a significant bill that allows public funds to be invested in Bitcoin and other cryptocurrencies. This legislation permits up to 10% of public funds, including those from the state treasurer and retirement systems, to be allocated towards virtual currencies. Co-sponsored by Wendy Rogers and Jeff Weninger, the bill ...