- Montana says “YOLO” to Bitcoin, joins the crypto reserve party 🎉
- Utah’s like the cool kid in class with the most Bitcoin Reserve legislation cred.
As 2024 waves goodbye and 2025 strolls in, the crypto world is all “New Year, New Me” vibes.
While everyone’s buzzing about Trump’s “Strategic Bitcoin Reserve” like it’s the next iPhone, states are getting their crypto groove on.
Montana’s Bold Leap
Montana’s like, “Hold my beer, we’re going crypto.” The House Business and Labor Committee just gave the thumbs up to a bill that’s all about holding Bitcoin and its digital pals as reserve assets.
House Bill No. 429 casually strolled through on the 19th, like it wasn’t a big deal. But it is. It’s like Montana’s at the cool kids’ table now.
This bill’s all about setting up a special revenue account. You know, for all the shiny metals, stablecoins, and digital assets that are too cool for school.
What’s Next? Plot Twist Alert!
Montana’s Bitcoin Reserve Bill is like the underdog at the state’s House. But it’s got company – Utah, Arizona, and Oklahoma are all in the crypto reserve legislation game.
If this bill passes, it’s like Montana’s getting a new toy box. And guess what? No need for a babysitter – they’ve dropped the requirement for a custodian or ETF.
If all goes well, come July 1st, Montana’s treasurer could be playing with $50 million in the new toy box. Talk about financial yoga!
The Bitcoin Reserve Race: Who’s Gonna Win?
States are lining up for the Bitcoin Reserve race like it’s the next Olympics. Illinois, Kentucky, Maryland – they all want a piece of the crypto pie.
Utah’s the one to watch – it’s like the runner with the perfect form and a tailwind. Experts think it might just cross the finish line first.
Meanwhile, Senator Cynthia Lummis is playing coach at the federal level, cheering for nationwide crypto love.
But hey, don’t hold your breath for Trump’s BTC Reserve. Polymarket’s like, “Nah, not in the first 100 days.”
Still, if 20 states get their Bitcoin Reserve bills approved, VanEck’s Head of Research, Mathew Sigel, thinks it could be a $23 billion BTC party. Crypto’s invited to the institutional finance club, folks.
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2025-02-20 13:17