Differing Paths: Georgia Advances Bitcoin Reserve Bill — SB 228, Montana Rejects
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- Georgia’s SB 228 allows unlimited Bitcoin investments without restrictions or caps.
- Montana’s HB 429 fails due to concerns over taxpayer funds and lack of oversight.
- At least 19 states, including Arizona and Texas, continue pursuing Bitcoin reserve proposals.
The U.S. state of Georgia has introduced a second Bitcoin reserve bill (SB 228), allowing the state to invest in Bitcoin without setting any investment limits.
This bill follows a previous proposal intended to enable the state treasurer to make investments in Bitcoin, and this new bill seeks to establish a structure for how these investments will be managed.
— Julian Fahrer (@Julian__Fahrer) February 23, 2025
NEW: GEORGIA Bitcoin Reserve Bill
SB 228 is Georgia's 2nd SBR bill in the Senate. The first was SB 178, introduced just 10 days ago.
NOTE: This appears to be the first 'partisan' competitor SBR bill:
– SB 178 has Republican sponsors
– SB 228 is by Democrats pic.twitter.com/6l6t9HIg83
Georgia’s Uncapped Bitcoin Bet
Notably, unlike other similar bills, SB 228 does not include any caps on Bitcoin investments. The proposed legislation concerns state deposit institutions, with a focus on allowing…
The post Differing Paths: Georgia Advances Bitcoin Reserve Bill — SB 228, Montana Rejects appeared first on Coin Edition.
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