Bitcoin Reserve News

Bitcoin’s growing popularity as a state reserve asset does not contradict its original mission, though it is unlikely Satoshi Nakamoto had such an intention.

Montana’s House of Representatives voted 41-59 against a bill that could have seen the US state establish a Bitcoin reserve.

Bitcoin is fundamentally different from other digital assets, Altvest Capital CEO Warren Wheatley said, highlighting the company’s exclusive focus on BTC.

Legislation that would allow Utah to invest in Bitcoin has been passed by a state Senate subcommittee and has already made it through the House.

Montana has passed a Bitcoin reserve bill at the subcommittee level, making it the fourth US state to advance a related bill to the House.

While the hearing represents a positive step forward, the Fed’s monetary policy remains the main driver of Bitcoin’s trajectory, analysts told Cointelegraph.

This week, four different states introduced crypto-related bills, bringing the number of US states to introduce such legislation up to nine in February alone.

The bill “would make our state the first to establish a Strategic Bitcoin Reserve and drive innovation, growth, and financial freedom,” said Senator Schwertner.

At least 16 states have introduced legislation for Bitcoin and digital asset reserves, following in President Trump’s footsteps at the national level.

Kentucky’s bill is a “massive vote of confidence in Bitcoin” that brings the US closer to a federal Bitcoin reserve.

House Bill 1217, introduced by Representative Ben Keathley, aims to establish a Bitcoin reserve fund for Missouri and mandate crypto acceptance for state payments.

A bill that would give the Utah treasurer the power to buy BTC and other high-cap crypto assets with public funds is on its way to the Senate.

Congress is advancing crypto regulation, but confusion remains over sovereign wealth funds and Bitcoin reserves.

Creating a national stockpile of Bitcoin or cryptocurrency would turn any crypto held by the government into a “political weapon,” Maelstrom’s Arthur Hayes said.