Montana’s attempt to invest public funds in Bitcoin through House Bill 429 was rejected in the House of Representatives, with a 41-59 vote. This bill aimed to allocate up to $50 million for crypto and precious metals to diversify state assets. While Montana joins states like North Dakota and Pennsylvania in rejecting Bitcoin reserve proposals, other states, including Arizona and Texas, are actively pursuing legislation to integrate cryptocurrencies into public finance.
read moreNapolitano
0 posts last weekCoinbase Sees Bipartisan Support for Crypto Adoption and Traditional Finance Collaboration
Coinbase’s vice president, Shan Aggarwal, noted a significant increase in discussions with traditional financial institutions as support for digital assets grows bipartisan in the U.S. He emphasized that collaboration with these firms could ease onboarding challenges for new Web3 users and enhance mainstream adoption of cryptocurrencies.Recent legislative efforts, such as the Financial Innovation and Technology for the 21st Century Act, have seen cross-party support, indicating a shift in the political landscape surrounding crypto. This evolving dynamic is further bolstered by substantial financial backing from political action committees like Fairshake, which aims to influence the upcoming elections.
read more