Montana's recent initiative to invest public funds in Bitcoin was halted when a bill proposed by Representative Curtis Schomer failed to pass in the House of Representatives. The legislation aimed to create a revenue account allowing up to $50 million for investment in cryptocurrencies, stablecoins, and precious metals. Despite Bitcoin being the only digital asset meeting the criteria due to its market cap of $1.8 trillion, it faced strong opposition and was voted down 41-59. Montana now joins states like North Dakota, Wyoming, and Pennsylvania in rejecting Bitcoin reserve proposals. While some states are moving cautiously, others are advancing their Bitcoin reserve initiatives, with approximately 19 state proposals still pending, including those in Arizona, Texas, and Utah. Arizona's bill seeks to permit up to 10% of public funds for crypto investments. Meanwhile, several countries are also exploring the integration of Bitcoin into their national reserve strategies.

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