On February 24, the Montana House of Representatives voted against a proposal bill that proposed to use Bitcoin as a state reserve asset. The bill proposes to establish a special income account to invest in precious metals, stablecoins and digital assets with a market value of more than $750 billion, and currently only Bitcoin meets this standard. The bill was opposed by several Republican lawmakers, believing that it would allow the state investment committee to over-speculate with taxpayer funds, which is too risky. Supporters believe that if the bill is not passed, the state government will lose the opportunity to increase returns on funds. At present, the bill has been basically shelved. If it is to be re-proposed in the future, it will need to be submitted to the legislature for review. (Cointelegraph)