South Dakota Shoots Down Bitcoin Reserve Bill Over Volatility Concerns, Follows Wyoming And Montana’s Lead As BTC Falls Below $90,000
Posted On February 25, 2025
The South Dakota legislature delayed a vote on a bill on Monday that could have allowed the state to adopt Bitcoin (CRYPTO: BTC) as a strategic reserve asset.
What happened: The majority of lawmakers at a meeting of the state’s House Commerce and Energy Committee voted to defer the bill to the 41st day of South Dakota’s legislative session.
Since the session lasts for 40 days, deferring a bill to the 41st day means it is no longer considered.
The House Bill 1202 bill aimed to allocate 10% of the state’s public funds to Bitcoin. Rep. Logan Manhart, who introduced the bill last month, said the bill was …
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