Montana has dismissed a legislative proposal aimed at directing public funds into Bitcoin and other digital assets. This decision aligns with similar rejections previously made by the states of North Dakota, Wyoming, and Pennsylvania. Nonetheless, there are still states that are actively pursuing efforts to legalize the holding of Bitcoin reserves.

The rejection, specifically of the Bitcoin Reserve Act, occurred in Montana's House of Representatives and reflects the cautious stance some states maintain amidst the growing popularity of digital currencies. Despite this, there are ongoing endeavors by some states to adapt their financial strategies to include cryptocurrency.