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Utah Senate Passes Bitcoin Bill, Removes BTC Reserve Clause

The bill provides residents with basic custody protections and establishes the right to mine BTC, operate notes and participate in staking

Güncellendi 10 Mar 2025 ös 1:51 Yayınlandı 10 Mar 2025 öö 10:01 AI tarafından çevrildi
16:9 Salt Lake City, Utah (rmartins759/Pixabay)
Salt Lake City, Utah (rmartins759/Pixabay)

What to know:

  • The Utah Senate passed a Bitcoin bill but with one key clause missing as far as the crypto community is concerned - it does not include provision for the state treasurer to invest in bitcoin.
  • Utah was seen by some observers as being the frontrunner to establish a bitcoin reserve among U.S. states.

The Senate of Utah, seen by some observers as being the frontrunner to establish a bitcoin reserve, passed a Bitcoin bill that excluded provision for the state treasurer to invest in the largest cryptocurrency.

Instead it provides the state's residents with basic custody protections and establishes the right to mine bitcoin (BTC), operate nodes and participate in staking, along with other various other provisions.

STORY CONTINUES BELOW
Başka bir hikayeyi kaçırmayın.Bugün State of Crypto Bültenine abone olun. Tüm bültenleri gör

The senate's passing of the bill on March 7 means it now passes to Governor Spencer Gox to be signed into law.

Read More: Market Experts Weigh In on Trump’s Strategic Bitcoin Reserve That Takes Out $17B in Potential Selling From BTC

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