#Sonic (S) Price and Ecosystem #BTC Four states in the United States refuse BTC and alternative currencies

The Montana bill to use public funds to invest in BTC has been rejected. Therefore, the state joins North Dakota, Wyoming, and Pennsylvania in rejecting similar BTC reserve proposals.
In Montana, a bill to invest public funds in BTC was rejected in the state House of Representatives vote. With this decision, the state joined the ranks of states such as North Dakota, Wyoming, and Pennsylvania that have not accepted proposals to include BTC in their state reserve funds.
Earlier this month, Congressman Curtis Schomer introduced House Bill 429, which aims to create a special account that can allocate up to $50 million to cryptocurrencies, stablecoins, and precious metals. Schomer stated that this step is taken to diversify national assets and provide higher returns compared to traditional bond investments.
In the vote held on Friday, the bill was rejected by 59 votes to 41. Although Bitcoin is the only digital asset that meets the criteria of the bill, it faces strong opposition from members of parliament.
In some states, the trend of supporting Bitcoin reserves is strong, with states taking action on this issue faster than the federal government. According to the BTC Reserve Tracker, legislation regarding BTC reserves is still under consideration in about 19 states, including Arizona, Illinois, Kentucky, Maryland, Oklahoma, New Hampshire, and Texas.
Here is the latest situation:
Utah: The 'Blockchain and Digital Innovation Transformation' bill includes a provision that allows the state treasury to allocate up to 5% of funds to digital assets. The bill has not been finalized yet.
Arizona: The Senate Finance Committee has approved a bill allowing up to 10% of public funds (including retirement systems) to be invested in cryptocurrency. The bill will be sent to the Senate Rules Committee for further review and may then be submitted to the House.
Texas: The state is discussing two separate bills. The first envisions allocating 1% of the general revenue fund to Bitcoin; the second covers BTC donations and crypto payment conversions.
While some U.S. states continue to work to include crypto assets in their public finances, countries such as Switzerland, Brazil, Japan, and Russia are also considering including BTC in their national reserve strategies.
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