U.S. State Bitcoin Reserve Plans Hit Roadblock as Multiple Bills Rejected

A surge of state-level Bitcoin reserve proposals in the U.S. has faced setbacks, with multiple states rejecting bills to invest public funds in the cryptocurrency. Proposals from Montana, South Dakota, North Dakota, Pennsylvania, and Wyoming have been stalled or rejected, despite arguments for diversification and inflation protection. However, some states like Utah, Texas, and Oklahoma are advancing their Bitcoin-related initiatives, with 18 bills currently pending across various states, indicating ongoing interest in digital assets for public finance.