Montana is moving to allow bitcoin to be part of its state reserves. House Bill 429 (HB 429) passed the Montana House Business and Labor Committee with a 12-8 vote. All Republicans voted for it, all Democrats against.

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The bill, introduced by Representative Curtis Schomer, now goes to the full Montana House. If it passes, it goes to the state Senate.

HB 429 creates a state investment fund with bitcoin, precious metals and stablecoins. Digital assets must have a market cap of at least $750 billion over the past year to qualify. Right now, only Bitcoin meets that requirement.

This bill allows Montana to invest in bitcoin as a hedge against…

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