A proposal in the Montana House of Representatives to introduce a state Bitcoin reserve fund has failed. The Inflation Protection Act, as it was called, was passed by the House Business and Labor Committee,

South Dakota lawmakers rejected a bill that would have allowed the state to invest up to 10% of its public funds in Bitcoin, following a similar rejection in Montana, though the bill's sponsor plans to reintroduce it next year while other states continue to explore cryptocurrency investment options.

Texas may soon allow state money to be invested in cryptocurrency. State Sen. Charles Schwertner, R-Georgetown, filed SB 21, the Texas Strategic Bitcoin Reserve and Investment Act, which would create a new reserve to invest in digital currency.

Montana’s House Bill No. 429, which sought to establish a state-backed Bitcoin reserve, has failed to move forward after a crucial vote in the state’s House of Representatives. The bill was rejected by a 41-59 vote on February 22,

Montana lawmakers rejected a bill proposing a strategic Bitcoin reserve even as Michael Saylor hinted at more BTC buying.