• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: DOJ's Largest Bitcoin Seizure: $15 Billion In BTC Linked To Cambodian 'Pig Butchering' Scam
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: DOJ's Largest Bitcoin Seizure: $15 Billion In BTC Linked To Cambodian 'Pig Butchering' Scam
Stablecoin

Crypto Legislation Hits A Wall: 4 States’ Reserve Bills Fail To Gain Traction

Ronaldo Marquez
by Ronaldo Marquez
7 months ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

In recent weeks, the momentum for state governments to establish digital assets reserves has faced significant setbacks, with legislative efforts in Montana, North Dakota, South Dakota, and Wyoming failing to pass crypto reserve bills. 

According to Bloomberg, the ongoing volatility associated with cryptocurrencies, particularly Bitcoin (BTC), has raised concerns among lawmakers, leading to a cautious approach toward integrating digital assets into state financial strategies.

Montana And South Dakota Fail To Pass Crypto Reserve Bills

Jennifer Schulp, director of financial regulation studies at the Cato Institute, commented on the prevailing perception of cryptocurrency volatility, stating: 

There’s a well-deserved perception of volatility in terms of Bitcoin and all digital assets. I think that’s going to continue to be an issue even as the digital assets environment continues to be a positive one.

This sentiment echoes the hesitancy seen in recent votes, where lawmakers opted against proposals to allocate state funds into Bitcoin reserves, traditionally reserved for low-risk assets like short-term bonds.

Related Reading: Coinbase Case Dismissed: SEC Files To Drop Lawsuit In New York Court

Montana’s proposal to create a state-level crypto reserve was defeated with a 41-59 vote in the House last week, while South Dakota’s similar initiative was postponed after a recent House vote. Despite the setbacks, strategic crypto reserve bills have been introduced in 24 states, indicating a persistent interest.

Notably, the concept of a national strategic Bitcoin reserve gained traction following discussions initiated by former President Donald Trump and Senator Cynthia Lummis at a conference in Nashville. 

Trump’s executive order in January called for a feasibility study on a crypto stockpile, though it stopped short of designating Bitcoin as the centerpiece of a national reserve.

Lummis has proposed that the US government acquire 1 million Bitcoin, while Trump’s plan suggested maintaining ownership of approximately 200,000 Bitcoin already held by the government due to asset seizures.

However, even in Lummis’ home state of Wyoming, her proposal to invest state funds in Bitcoin failed in early February, receiving only one favorable vote in the House.

Ohio Remains Hopeful

Per the report, Ohio remains optimistic about its proposals to create a crypto reserve in the House and a Bitcoin reserve in the Senate, despite the volatility concerns elsewhere. 

Andrew Burchill, executive director of the Ohio Blockchain Council, argued that while all investments carry risk, Bitcoin has outperformed traditional assets over the past decade, suggesting a long-term view that might mitigate concerns about volatility.

In Oklahoma, a strategic Bitcoin reserve act recently passed the Government Oversight Committee, signaling some legislative support for digital asset investment. However, the overall willingness of states to prioritize public funds for crypto investments remains uncertain.

Related Reading: Dirty Crypto: MELANIA And LIBRA Wallets Tied To Money Laundering?

Schulp emphasized the complexity of crafting effective policies for cryptocurrency investments, stating, “I think this does raise a lot of questions in terms of whether or not the policy is a good one and what the implementation of that policy would even look like.” 

She noted that the diverse regulatory frameworks governing state budgeting and investment further complicate the landscape for potential crypto reserves.

Crypto
The daily chart shows BTC’s price crash toward $80,000. Source: BTCUSDT on TradingView.com

Featured image from DALL-E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Ronaldo Marquez

Ronaldo Marquez

Follow

Ronaldo is a seasoned crypto enthusiast with over four years of experience in the field. He is passionate about exploring the vast and dynamic world of decentralized finance (DeFi) and its practical applications for achieving economic sovereignty. Ronaldo is constantly seeking to expand his knowledge and expertise in the DeFi space, as he believes it holds tremendous potential for transforming the traditional financial landscape.

Full Profile

Related Posts

Bitcoin Hyper Raises $24.4M in Presale as It Aims to Make Bitcoin Great Again

Bitcoin Hyper Raises $24.4M in Presale as It Aims to Make Bitcoin Great Again

2 hours ago
snorter

Η προπώληση λήγει: Μόνο 6 ημέρες απομένουν για να αγοράσετε το Snorter Bot Token στην τιμή λίστας μετά τη συγκέντρωση 5,3 εκατομμυρίων δολαρίων

2 hours ago
TD Cowen’s $141K Bitcoin Prediction Could Send Bitcoin Hyper ($HYPER) Up 10x

TD Cowen’s $141K Bitcoin Prediction Could Send Bitcoin Hyper ($HYPER) Up 10x

6 minutes ago
Gemini AI's Dogecoin Price Prediction — Why Maxi Doge Could Be the Next Top Meme Coin

Gemini AI’s Dogecoin Price Prediction — Why Maxi Doge Could Be the Next Top Meme Coin

5 hours ago
XRP naar $1700 - crypto analist gebruikt AI voor koers voorspelling

XRP naar $1700 – crypto analist gebruikt AI voor koers voorspelling

6 hours ago
Best Meme Coins Live News Today: Latest Degen Alpha & Market Updates (October 21)

Best Meme Coins Live News Today: Latest Degen Alpha & Market Updates (October 21)

2 hours ago

Premium Sponsors

Press Releases

  • KCEX стартира бонус за търговия от...

    3 hours ago
  • โปรโมชั่นโบนัสสำหรับผู้ใช้ใหม่จาก KCEX แจกสูงสุด 21,000 USDT

    KCEX จัดหนัก!...

    23 hours ago
  • WEEX стартира кампания с до 50%...

    1 day ago
  • FleetMining Turns BTC, XRP, and ETH into Daily Income

    FleetMining Turns BTC, XRP, and ETH into Daily Income with...

    1 day ago
  • CryptoGDEX Launches Global Petition to Revolutionize Wealth Distribution

    CryptoGDEX Launches Global Petition to Revolutionize Wealth...

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.