Bitcoin Reserve bills at the state level face roadblocks as Republican members vote against them, leading to recent failures. The crypto industry, boosted by gains during Trump's presidency, sees these setbacks as a test of its political influence. Will Bitcoin Reserves struggle to gain traction across America?

Numerous US states have attempted to establish their own Bitcoin Reserves in a bid to hedge against inflation, with nearly 30 states proposing bills to add BTC to their reserves in recent months. Success in these proposals could drive billions in new acquisitions and increase demand for BTC in a dwindling supply market.

However, the movement encountered resistance as Montana lawmakers voted down the proposal, with significant opposition from Republican members. Wyoming Senator Cynthia Lummis, a prominent pro-crypto advocate, also faced rejection of a Bitcoin Reserve from her colleagues.

Despite President Trump's previous support for a national Bitcoin reserve plan, some Republican members appear hesitant to embrace the idea. This opposition at the state level could pose a significant challenge to the project's success.

While Utah has progressed with its own Bitcoin Reserve proposal, other states, like Texas, have faced criticism and pushback. The growing debate around the riskiness of such reserves and their management has stirred controversy in political circles and the media alike.

Although these challenges present setbacks, the crypto industry remains resilient and committed to advancing this regulation. The upcoming battles will test the industry's influence within the GOP and the broader US legislative landscape.