A surge of state-level Bitcoin reserve proposals across the U.S. has hit a roadblock, after multiple states rejected bills to invest public funds in the leading crypto.
Of the 50 U.S. states, over 20 have introduced or are considering legislation related to Bitcoin reserves or investments in digital assets, but the fate of many of these bills remains uncertain.
But over the past few weeks, several states—including Montana, South Dakota, North Dakota, Pennsylvania, and Wyoming—have dealt setbacks to the growing Bitcoin reserve initiative.
Montana’s Bitcoin reserve proposal, House Bill 429, faltered following its introduction in late January. The bill sought to allocate up to $50 million in publ… creator solana token
