---
type: "Bill"
title: "Revise cryptocurrency laws to create Financial Freedom and Innovation Act"
description: "Revise cryptocurrency laws to create Financial Freedom and Innovation Act"
jurisdiction: "us/states/mt"
legislature: "Montana Legislature"
session: "2025"
identifier: "SB 265"
citation: "Montana SB 265 (2025)"
classification: ["bill"]
subjects: ["Taxation", "Trade Regulations and Competition"]
status: "enacted"
primary_sponsors: ["Daniel Zolnikov"]
version_count: 32
action_count: 38
vote_count: 5
first_action: "2024-09-27T13:02:59+00:00"
last_action: "2025-05-08T20:35:20+00:00"
source: "openstates"
source_identifier: "ocd-bill/80e72e83-17a3-4c86-b17a-c30b78be13bb"
source_url: "https://bills.legmt.gov/#/laws/bill/2/LC0324?open_tab=sum"
source_hash: "8a21ebf409ebc498a23fbe8467b280c113a826e661a4adeaeef5a24db5b86204"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-mt"]
---

# Montana SB 265 (2025) — Revise cryptocurrency laws to create Financial Freedom and Innovation Act

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **LC0324.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=277586)
2. **SB0265.001.001_Amendments-in-Context_final-full.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=287263)
3. **SB0265_1(1).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=278783)
4. **SB0265_1(2).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=279299)
5. **SB0265_1(3).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288429)
6. **SB0265_1(4).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288430)
7. **SB0265_1(5).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288431)
8. **SB0265_1(6).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288432)
9. **SB0265_1.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=278782)
10. **SB0265_2(1).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288435)
11. **SB0265_2(10).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288580)
12. **SB0265_2(11).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=292470)
13. **SB0265_2(12).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=296928)
14. **SB0265_2(13).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=309179)
15. **SB0265_2(14).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=309180)
16. **SB0265_2(2).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288439)
17. **SB0265_2(3).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288440)
18. **SB0265_2(4).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288498)
19. **SB0265_2(5).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288536)
20. **SB0265_2(6).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288540)
21. **SB0265_2(7).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288541)
22. **SB0265_2(8).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288547)
23. **SB0265_2(9).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288549)
24. **SB0265_2.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=288433)
25. **SB0265_X(1).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=316888)
26. **SB0265_X(2).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=320463)
27. **SB0265_X(3).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=321825)
28. **SB0265_X(4).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=321826)
29. **SB0265_X(5).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=321827)
30. **SB0265_X(6).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=324747)
31. **SB0265_X(7).pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=325773)
32. **SB0265_X.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=310951)

## Votes

- Do Concur — **70–29** (pass) · lower
- be_concurred_in — **10–4** (pass) · lower
- Do Pass — **45–4** (pass) · upper
- Do Pass — **44–6** (pass) · upper
- Do Concur — **71–29** (pass) · lower

## Sponsors

- Daniel Zolnikov — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2024-09-27T13:02:59+00:00** (LC) Drafter Assigned
- **2024-09-27T13:03:00+00:00** (LC) Draft On Hold
- **2025-01-10T20:01:56+00:00** (LC) Draft Taken Off Hold
- **2025-01-13T17:26:02+00:00** (LC) Draft in Legal Review
- **2025-01-29T18:28:23+00:00** (LC) Draft in Edit
- **2025-01-31T05:31:40+00:00** (LC) Draft in Input/Proofing
- **2025-01-31T15:20:59+00:00** (LC) Draft in Final Drafter Review
- **2025-01-31T18:26:03+00:00** (LC) Draft in Assembly
- **2025-02-04T13:13:06+00:00** (LC) Draft Ready for Delivery
- **2025-02-04T17:57:43+00:00** (LC) Draft Delivered to Requester
- **2025-02-04T19:11:07+00:00** (S) Introduced
- **2025-02-05T17:00:00+00:00** (S) First Reading `reading-1`
- **2025-02-05T17:32:06+00:00** (S) Referred to Committee - (S) Energy, Technology & Federal Relations `referral-committee`
- **2025-02-13T20:30:34+00:00** (S) Hearing - (S) Energy, Technology & Federal Relations
- **2025-02-25T23:09:13+00:00** (S) Committee Executive Action--Bill Passed as Amended - (S) Energy, Technology & Federal Relations `committee-passage`
- **2025-02-26T20:19:00+00:00** (S) Committee Report--Bill Passed as Amended - (S) Energy, Technology & Federal Relations `committee-passage`
- **2025-03-01T20:46:45+00:00** (S) 2nd Reading Pass Consideration `reading-2`
- **2025-03-03T20:00:00+00:00** (S) Scheduled for 2nd Reading `reading-2`
- **2025-03-03T20:58:00+00:00** (S) 2nd Reading Passed `reading-2, reading-2`
- **2025-03-04T20:00:00+00:00** (S) Scheduled for 3rd Reading `reading-3`
- **2025-03-04T22:14:00+00:00** (S) 3rd Reading Passed `passage, reading-3`
- **2025-03-04T23:15:52+00:00** (S) Transmitted to House
- **2025-03-05T22:08:13+00:00** (H) Referred to Committee - (H) Energy, Technology and Federal Relations `referral-committee`
- **2025-03-06T15:07:42+00:00** (H) First Reading `reading-1`
- **2025-03-17T21:43:58+00:00** (H) Hearing - (H) Energy, Technology and Federal Relations
- **2025-03-21T22:41:16+00:00** (H) Committee Executive Action--Bill Concurred - (H) Energy, Technology and Federal Relations
- **2025-03-24T19:58:00+00:00** (H) Committee Report--Bill Concurred - (H) Energy, Technology and Federal Relations
- **2025-04-10T14:30:00+00:00** (H) Scheduled for 2nd Reading `reading-2`
- **2025-04-10T20:43:00+00:00** (H) 2nd Reading Concurred `reading-2, reading-2`
- **2025-04-11T21:00:00+00:00** (H) Scheduled for 3rd Reading `reading-3`
- **2025-04-11T23:40:00+00:00** (H) 3rd Reading Concurred `passage, reading-3`
- **2025-04-11T23:40:45+00:00** (S) Sent to Enrolling
- **2025-04-12T18:25:52+00:00** (S) Returned from Enrolling
- **2025-04-21T22:00:51+00:00** (S) Signed by President `passage`
- **2025-04-25T21:15:16+00:00** (H) Signed by Speaker `passage`
- **2025-04-25T22:00:05+00:00** (S) Transmitted to Governor `executive-receipt`
- **2025-05-05T18:45:00+00:00** (S) Signed by Governor `executive-signature`
- **2025-05-08T20:35:20+00:00** Chapter Number Assigned `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/80e72e83-17a3-4c86-b17a-c30b78be13bb`. Confidence: reported (aggregated from official Montana legislature records).