Bill > HB429

This bill creates the "Inflation Protection Act of 2025," which establishes a new state special revenue account within Montana's state special revenue fund for investing in precious metals, digital assets, and stablecoins. The bill defines key terms such as "digital asset" (including cryptocurrencies and nonfungible tokens), "precious metal" (silver, gold, and platinum), and "stablecoin" (a digital asset backed by dollars or liquid assets). The Board of Investments is authorized to invest up to $50 million transferred from the general fund into this account, specifically targeting digital assets with a market capitalization over $750 billion and stablecoins. The investments must remain in the account, and any proceeds generated will be retained. The bill provides detailed definitions to clarify the types of assets that can be invested in and sets a July 15, 2025 deadline for the state treasurer to make the initial transfer. The new account and its provisions will become effective on July 1, 2025, and are intended to be codified as part of Montana's existing financial regulations.

Business and Industry

https://bills.legmt.gov/#/laws/bill/2/LC2663