Over 20 out of the 50 states in the U.S. have proposed plans to invest public funds into digital assets, such as Bitcoin 
$84,715. However, in recent weeks, several states have seen these proposals halted due to unfavorable outcomes in legislative votes.
State Decision Processes
Montana’s proposal aimed to allocate up to $50 million in public funds towards Bitcoin, stablecoins, and precious metals. Introduced in July, it faced a setback when it was rejected by the Montana House of Representatives with a vote of 59-41. Similarly, South Dakota’s HB 1202, which proposed a 10% fund allocation, failed in the relevant subcommittee with a 9-3 vote against it.
North Dakota, Pennsylvania, and Wyoming also presented similar proposals that did not garner the necessary support during legislative processes. North Dakota’s HB 1184 was rejected with a 57-32 vote, while proposals in Pennsylvania and Wyoming either stalled at various stages or were completely withdrawn.
Emerging Developments and Other States
In contrast, states like Utah, Texas, Oklahoma, and Arizona are...
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