On February 24, the Montana House of Representatives voted on February 22 against a proposed bill that had proposed using Bitcoin as a state reserve asset. The bill proposes the creation of a special income account to invest in precious metals, stablecoins and digital assets with market capitalizations of more than $750 billion. Currently, only Bitcoin meets this criterion. The bill was opposed by several Republican lawmakers, arguing that it would allow the state investment committee to engage in excessive speculation with taxpayer funds and be too risky. Proponents believe that if the bill is not passed, the state government will lose the opportunity to increase its return on funds. At present, the bill has been basically shelved. If it is to be reintroduced in the future, it will need to be submitted to the legislative body for review again.（Cointelegraph）