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🚨 MONTANA Update: Bitcoin Reserve bill HB 429 failed to pass a second reading in the Montana House. It is now effectively dead. The vote was 41 - 59. It was largely partisan, but many Republicans voted against the bill. ANALYSIS: HB 429 failed in the House, largely due...

67,858 Aufrufe • vor 1 Jahr •via X (Twitter)

11 Kommentare

Profilbild von Bitcoin Laws
Bitcoin Lawsvor 1 Jahr

What stood out to me was the fiscal conservative opposition: “I ran as a fiscal conservative…This smacks of speculation…It’s taxpayer money and we need to protect it." "This is speculating with hard earned income from citizens of the state.”

Profilbild von Bitcoin Laws
Bitcoin Lawsvor 1 Jahr

But, fiscal conservatives also supported the bill: "I’m a fiscal conservative. You can’t make money without taking some risk." "The greatest risk is leaving the money we've collected at the mercy of inflation." "If we can grow this money, we can give more back to taxpayers."

Profilbild von Vance Ginn
Vance Ginnvor 1 Jahr

How Trump and Congress Can Correct Biden’s Financial Policy Failures: Check out my latest piece:

Profilbild von Logan Manhart
Logan Manhartvor 1 Jahr

Very sad. Montana will regret this in a few years.

Profilbild von Oliver Koblížek 🍩
Oliver Koblížek 🍩vor 1 Jahr

Add the bitcoin price at the time of rejection to your website.

Profilbild von Boyd Cohen
Boyd Cohenvor 1 Jahr

Thanks for the additional color on why. It’s clear we have a very long way to go. It’s obviously much more than having a few orange pilled legislators in each state proposing SBR bills. They won’t get them across the line without more bipartisan buy-in and citizen engagement which means a much wider education strategy

Profilbild von Bitcoin Laws
Bitcoin Lawsvor 1 Jahr

My reading from these proceedings is that, more than orange-pilling, what's most important is crystal clarity in the bills themselves about processes, reporting, and accountability. Ultimately there seemed to be just too many unanswered questions about how it would work.

Profilbild von SumOfCharacter
SumOfCharactervor 1 Jahr

Wasn't a bitcoin bill, it was a strategic asset reserve that included crypto & precious metals.

Profilbild von ₿itcoin IS the Revolution 🇺🇲 ⚡ 🇸🇻
₿itcoin IS the Revolution 🇺🇲 ⚡ 🇸🇻vor 1 Jahr

I was against it passing because it says "digital assets". It should read a Bitcoin, only strategic Reserve. Otherwise the shitcoiners get to weasel their way in at some point down the road. The scammers need to move out of Montana and they need to move out of the US.

Profilbild von ITB1
ITB1vor 1 Jahr

No one cares Montana will buy back far higher

Profilbild von SP✨
SP✨vor 1 Jahr

They still think Bitcoin is speculative? What a joke. You will be left behind.

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