The push for Bitcoin Reserve bills is facing strong resistance, with several Republican-led states rejecting proposals despite initial support. GOP divisions have led to unexpected setbacks, raising doubts about whether these bills can gain momentum. Over the past few months, nearly 30 states have introduced legislation to add Bitcoin to state reserves, aiming to use it as a hedge against inflation. Industry experts believe that successful approvals could trigger billions in acquisitions, increasing demand for Bitcoin as its supply continues to shrink. However, momentum has stalled as Republican lawmakers have increasingly voted against these measures. Montana’s House of Representatives recently rejected a Bitcoin Reserve proposal, with a significant number of Republicans voting against it . In North Dakota, opposition was even stronger despite the state’s conservative leanings. Wyoming, known for its pro-crypto stance and home to Senator Cynthia Lummis , also saw a Bitcoin Reserve bill fail. These rejections indicate that not all Republicans are aligned with Donald Trump’s vision for digital asset reserves. During his campaign, Trump expressed support for a national Bitcoin Reserve and later signed an executive order to explore digital asset stockpiling. However, state-level opposition within his own party could hinder efforts to advance this initiative. If Republicans continue to block these bills, the project may struggle to gain traction. Other states are experiencing similar resistance. While Utah advanced a proposal, Texas has seen increasing debate. The state’s Lieutenant Governor has labeled the initiative a key priority, but critics argue it poses risks to taxpayer funds. Media outlets have also raised concerns, questioning whether public money should be used to support crypto investments. Despite these obstacles, the crypto industry remains committed to pushing for Bitcoin Reserve legislation. Advocates are prepared to invest political capital into lobbying efforts, making this an important test of the industry’s influence within the GOP and Congress . Whether these bills succeed or fail will shape the future of Bitcoin’s role in state finances.
