on February 19The Business and Labor Committee in the House of Representatives in Montana draft law of the House of Representatives 429. The committee stage has passedAnd I moved now to Earth vote in the House of Representatives.
the Home Law draft no. 429 He passed with 12 to 8 votes, with the Republicans in favor and all Democrats voted against it.
The draft law will allow Montana’s condition to invest in Stablecoins and digital assets by a average market over $ 750 billion. Currently, Bitcoin only meets $ 97,090 at the time of the press, this threshold.
The draft law bill removes 429 previous requirements that the money maintains by a qualified guardian or through a trading box on the stock exchange. If approved, the bill will become valid July 1 And allow the Secretary of the State Fund to allocate up to 50 million dollars for a special account. This amount will be used To invest in minerals, stablecoins, and digital assets by July 15.
Similar bills appeared in Illinois, Kentucky, Maryland, New Hampshire, New Mexico, North Dakota, Ohio, Pennsylvania, South Dakota, and Texas. So far, only three state bills have advanced. Utah is in the foreground, while Arizona and Aklamaoma are behind it.
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