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Utah Proposes Bill for Public Fund Investment in Cryptocurrency: A New Step for the Future of Finance
Utah has just introduced a groundbreaking bill allowing the state treasury to invest public funds in cryptocurrency, marking an important step in applying blockchain technology to public finance.
Main Contents of the Bill
The bill, titled “Blockchain and Digital Innovation (H.B. 230),” proposed by Representative Jordan Teuscher, will establish a legal framework for investing, staking, lending digital assets, and protecting citizens' rights to manage their cryptocurrency assets.
Main Contents of the Bill
The bill, titled “Blockchain and Digital Innovation (H.B. 230),” proposed by Representative Jordan Teuscher, will establish a legal framework for investing, staking, lending digital assets, and protecting citizens' rights to manage their cryptocurrency assets.
Utah Shifts Gears: Drops Bitcoin Reserve in Game Changing Crypto Law
Utah just made waves in the crypto scene, passing a landmark bill on March 10, 2025, that’s got everyone talking but not for the reason you would expect. The state’s Blockchain and Digital Innovation Amendments (HB230) sailed through the Senate, but lawmakers yanked a bombshell provision: no more state backed Bitcoin reserve. Originally, Utah was poised to let its treasurer stash up to 5% of public funds in BTC, eyeing a $500 billion market cap club that’s basically Bitcoin only. Now? That dream is off the table.
Don’t cry for crypto yet, though. The bill still packs a punch, residents get ironclad rights to self custody their digital assets, mine Bitcoin, run nodes, and stake without meddling from the state. It’s a win for freedom, just not the reserve jackpot some hodlers hoped for. Set to kick in May 2025 if the governor signs, this pivot leaves Arizona and Texas as the frontrunners in the race for America’s first state Bitcoin stockpile.
Why the U-turn? Lawmakers didn’t spill the tea, but whispers point to risk averse vibes after Bitcoin’s recent 12% dip to $80,000. Utah’s not out of the crypto game, it’s just playing it safer. Meanwhile, the crypto socials are buzzing: “Fundamentals are stronger than ever,” one user posted, while another cheered, “TX + AZ leading the charge!” Love it or hate it, Utah’s move proves crypto’s here to stay just not in its piggy bank. Yet.
#Utah $BTC
Utah just made waves in the crypto scene, passing a landmark bill on March 10, 2025, that’s got everyone talking but not for the reason you would expect. The state’s Blockchain and Digital Innovation Amendments (HB230) sailed through the Senate, but lawmakers yanked a bombshell provision: no more state backed Bitcoin reserve. Originally, Utah was poised to let its treasurer stash up to 5% of public funds in BTC, eyeing a $500 billion market cap club that’s basically Bitcoin only. Now? That dream is off the table.
Don’t cry for crypto yet, though. The bill still packs a punch, residents get ironclad rights to self custody their digital assets, mine Bitcoin, run nodes, and stake without meddling from the state. It’s a win for freedom, just not the reserve jackpot some hodlers hoped for. Set to kick in May 2025 if the governor signs, this pivot leaves Arizona and Texas as the frontrunners in the race for America’s first state Bitcoin stockpile.
Why the U-turn? Lawmakers didn’t spill the tea, but whispers point to risk averse vibes after Bitcoin’s recent 12% dip to $80,000. Utah’s not out of the crypto game, it’s just playing it safer. Meanwhile, the crypto socials are buzzing: “Fundamentals are stronger than ever,” one user posted, while another cheered, “TX + AZ leading the charge!” Love it or hate it, Utah’s move proves crypto’s here to stay just not in its piggy bank. Yet.
#Utah $BTC
😱🚨🚨US State Says Yes to Crypto, No to Bitcoin Reserves🤯
The Utah Senate, which aimed to block the bill that aims to integrate crypto assets into legal framework, but the #Bitcoin reserve section included in the bill was removed from the final text.
The #Utah Senate has accepted the “Blockchain and Digital Innovation Modifications” design, which aims to legally frame crypto assets and blockchain.
The bill, known as HB230, was approved by a vote in the Senate on Friday. The most striking point about the bill is that the section “to use up to 5 percent of state assets to create Bitcoin reserves” was removed. Although Utah’s initiative did not achieve the desired change with the issuance of the crypto reserve document, the completion of the bill’s acceptance was generally welcomed.
The final features of the HB230 bill allow Utah residents to legally perform transactions such as Bitcoin mining, storing crypto assets, and staking within their borders.
More than 30 states have proposed laws regarding cryptocurrency reserves. Montana, North Dakota, Wyoming, South Dakota and Pennsylvania are among the states whose proposals for such reserves have been roundly rejected.
Finally, Arizona and Texas have been the ones whose release bills are being approved.
#CryptoMarketWatch #TrumpCryptoSummit #TRUMP
The Utah Senate, which aimed to block the bill that aims to integrate crypto assets into legal framework, but the #Bitcoin reserve section included in the bill was removed from the final text.
The #Utah Senate has accepted the “Blockchain and Digital Innovation Modifications” design, which aims to legally frame crypto assets and blockchain.
The bill, known as HB230, was approved by a vote in the Senate on Friday. The most striking point about the bill is that the section “to use up to 5 percent of state assets to create Bitcoin reserves” was removed. Although Utah’s initiative did not achieve the desired change with the issuance of the crypto reserve document, the completion of the bill’s acceptance was generally welcomed.
The final features of the HB230 bill allow Utah residents to legally perform transactions such as Bitcoin mining, storing crypto assets, and staking within their borders.
More than 30 states have proposed laws regarding cryptocurrency reserves. Montana, North Dakota, Wyoming, South Dakota and Pennsylvania are among the states whose proposals for such reserves have been roundly rejected.
Finally, Arizona and Texas have been the ones whose release bills are being approved.
#CryptoMarketWatch #TrumpCryptoSummit #TRUMP
🇺🇸 BREAKING: Utah’s Bitcoin bill HB230 has passed the state Senate! ✅
However, a key provision allowing the state treasurer to invest in Bitcoin was removed.
The bill now focuses on protecting custody rights, allowing citizens to mine Bitcoin, run nodes, and participate in staking. 🏛️⚡
#Bitcoin #Utah #CryptoLaw
However, a key provision allowing the state treasurer to invest in Bitcoin was removed.
The bill now focuses on protecting custody rights, allowing citizens to mine Bitcoin, run nodes, and participate in staking. 🏛️⚡
#Bitcoin #Utah #CryptoLaw
🔥JUST BREAKING 🚨: 🇺🇸 Utah’s Bitcoin Reserve Bill (HB230) just cleared the Senate Revenue & Taxation Committee, moving one step closer to making Utah the first state with a Bitcoin Reserve! 🚀💰
#BTC #CryptoAdoption #Utah 🇺🇸⚡
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#BTC #CryptoAdoption #Utah 🇺🇸⚡
📢
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Will Utah Become the First State in the U.S. with a Bitcoin Reserve Fund?
State #Utah is making significant strides in the race to become the first state in the U.S. to officially own a Bitcoin reserve fund. This follows the Utah House passing bill HB230, paving the way for Bitcoin to be included in the public investment portfolio.
🔹 How is Utah's Bitcoin reserve bill progressing?
On February 6, 2025, Dennis Porter, CEO of Satoshi Action Fund, announced that bill HB230 - Amendment on digital innovation and blockchain has been passed by the Utah House. Previously, on January 28, 2025, the bill also received overwhelming support (8:1) from the House Economic Development Committee.
🔹 How is Utah's Bitcoin reserve bill progressing?
On February 6, 2025, Dennis Porter, CEO of Satoshi Action Fund, announced that bill HB230 - Amendment on digital innovation and blockchain has been passed by the Utah House. Previously, on January 28, 2025, the bill also received overwhelming support (8:1) from the House Economic Development Committee.
Utah secures Bitcoin rights—mining, nodes, and self-custody win!
$BTC
🚀 Utah Passes Bitcoin Reserve Bill! 🚀
Utah is making big moves in the crypto space! The state has officially approved the Bitcoin Reserve Bill, reinforcing rights for:
✅ Bitcoin Mining
✅ Node Operations
✅ Self-Custody Protection
While the strategic reserve clause didn’t make the cut, this is still a major win for Bitcoin adoption!
💡 Could this set the stage for more pro-Bitcoin legislation across the U.S.? Let us know your thoughts! 👇
#Bitcoin #CryptoNews #Binance #Utah #BTC突破7万大关
$BTC
🚀 Utah Passes Bitcoin Reserve Bill! 🚀
Utah is making big moves in the crypto space! The state has officially approved the Bitcoin Reserve Bill, reinforcing rights for:
✅ Bitcoin Mining
✅ Node Operations
✅ Self-Custody Protection
While the strategic reserve clause didn’t make the cut, this is still a major win for Bitcoin adoption!
💡 Could this set the stage for more pro-Bitcoin legislation across the U.S.? Let us know your thoughts! 👇
#Bitcoin #CryptoNews #Binance #Utah #BTC突破7万大关
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🚀 Utah is preparing for Bitcoin investments! 🇺🇸💰
The Utah House Committee has approved a bill to create a strategic Bitcoin reserve! 🔥 Now it’s up to the Senate. If the law is passed, the state will be able to officially invest in digital assets.
📌 Why is this important?
✅ Utah could become the first state in the U.S. with a Bitcoin reserve 📊
✅ Legalization of crypto investments at the state level 🏛
✅ A new step towards a financial revolution 🚀
If the government is already ready to invest in BTC, what’s stopping ordinary people from considering this? 😉
How many states do you think will follow Utah? 🤔 Share your thoughts in the comments! 💬👇
#Bitcoin #CryptoNews #Utah #BTC #CryptoRevolution
$BTC
The Utah House Committee has approved a bill to create a strategic Bitcoin reserve! 🔥 Now it’s up to the Senate. If the law is passed, the state will be able to officially invest in digital assets.
📌 Why is this important?
✅ Utah could become the first state in the U.S. with a Bitcoin reserve 📊
✅ Legalization of crypto investments at the state level 🏛
✅ A new step towards a financial revolution 🚀
If the government is already ready to invest in BTC, what’s stopping ordinary people from considering this? 😉
How many states do you think will follow Utah? 🤔 Share your thoughts in the comments! 💬👇
#Bitcoin #CryptoNews #Utah #BTC #CryptoRevolution
$BTC
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🔥 Utah One Step Away from a Reserve in $BTC ! 🇺🇸💰
Utah senators have passed a bill that could make the state the first in the US to have a strategic cryptocurrency reserve! 🚀
📌 What does the bill include?
✅ Utah will be able to hold a reserve in digital assets with a market capitalization of at least $500 billion - currently, only Bitcoin meets this requirement ⚡
✅ State treasurer will gain staking capabilities - this opens the door to ETH and other Proof-of-Stake projects 🏦
📅 What's next?
🔹 The bill must pass a second and third reading in the Senate
🔹 If approved again, it will go to the governor's desk 🖊️
🔹 Effective date: May 7, 2025 📅
Will Utah become a pioneer in cryptocurrency adoption among U.S. states? 🌍💎
#bitcoin #crypto #Utah #BTC #usa
Utah senators have passed a bill that could make the state the first in the US to have a strategic cryptocurrency reserve! 🚀
📌 What does the bill include?
✅ Utah will be able to hold a reserve in digital assets with a market capitalization of at least $500 billion - currently, only Bitcoin meets this requirement ⚡
✅ State treasurer will gain staking capabilities - this opens the door to ETH and other Proof-of-Stake projects 🏦
📅 What's next?
🔹 The bill must pass a second and third reading in the Senate
🔹 If approved again, it will go to the governor's desk 🖊️
🔹 Effective date: May 7, 2025 📅
Will Utah become a pioneer in cryptocurrency adoption among U.S. states? 🌍💎
#bitcoin #crypto #Utah #BTC #usa
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Utah Supports Bitcoin, But Still Avoids Public Investment
The state #Utah has taken a significant step in recognizing Bitcoin, as the state Senate passed Bill HB230. However, the provision allowing the state treasurer to invest in Bitcoin was removed, reflecting the administration's caution regarding the use of tax dollars to purchase digital assets.
📌 Key points of HB230:
✔ Protecting the custodial rights of Bitcoin for Utah citizens.
✔ Legalizing Bitcoin mining, operating nodes, and participating in staking.
❌ Not allowing the Utah government to use public funds to purchase $BTC .
🔎 Commentary:
This bill shows that U.S. states are becoming increasingly friendly towards Bitcoin, especially regarding ownership rights and mining activities. However, the transition of Bitcoin into public reserves remains a significant challenge, as lawmakers are concerned about the risks associated with this asset.
Will the U.S. accept Bitcoin as part of its national reserves in the future? Perhaps this will require more progress, both legally and in terms of trust from the government! #anhbacong
The state #Utah has taken a significant step in recognizing Bitcoin, as the state Senate passed Bill HB230. However, the provision allowing the state treasurer to invest in Bitcoin was removed, reflecting the administration's caution regarding the use of tax dollars to purchase digital assets.
📌 Key points of HB230:
✔ Protecting the custodial rights of Bitcoin for Utah citizens.
✔ Legalizing Bitcoin mining, operating nodes, and participating in staking.
❌ Not allowing the Utah government to use public funds to purchase $BTC .
🔎 Commentary:
This bill shows that U.S. states are becoming increasingly friendly towards Bitcoin, especially regarding ownership rights and mining activities. However, the transition of Bitcoin into public reserves remains a significant challenge, as lawmakers are concerned about the risks associated with this asset.
Will the U.S. accept Bitcoin as part of its national reserves in the future? Perhaps this will require more progress, both legally and in terms of trust from the government! #anhbacong
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Utah Set to Become the First State in the U.S. to Hold Bitcoin Reserves – A Historic Milestone for Crypto!
The cryptocurrency market is witnessing a promising advancement in the United States, as Utah's Strategic Bitcoin Reserve Bill is set to be voted on in the Utah Senate. If passed and signed by the governor, Utah will become the first state in the U.S. to officially hold Bitcoin as a strategic reserve asset.
This is not only a significant milestone for the state #Utah , but also a groundbreaking step for the recognition of Bitcoin at the government level.
This is not only a significant milestone for the state #Utah , but also a groundbreaking step for the recognition of Bitcoin at the government level.
Utah Advances H.B. 230 for Crypto Investment
Utah is taking a significant step toward integrating cryptocurrency into its public funds with the progress of the Blockchain and Digital Innovation Amendments bill, known as H.B. 230. The bill, which passed the House in an 8-1 vote last month, was moved to the Senate on February 7 and has now been referred to the Senate Revenue and Taxation Committee for its first reading.
Key Provisions of H.B. 230
Proposed by Representative Jordan Teuscher on January 21, the bill would authorize the state treasurer to allocate up to 5% of public funds for investments in “qualifying digital assets.” These include cryptocurrencies with an average market cap of over $500 billion over the preceding 12 months and stablecoins. With Bitcoin currently valued at approximately $1.9 trillion and Ethereum at about $322 billion, the proposal targets well-established digital assets.
#Bitcoin #crypto #Utah #digitalassets
Checkout our website for detailed news:
Key Provisions of H.B. 230
Proposed by Representative Jordan Teuscher on January 21, the bill would authorize the state treasurer to allocate up to 5% of public funds for investments in “qualifying digital assets.” These include cryptocurrencies with an average market cap of over $500 billion over the preceding 12 months and stablecoins. With Bitcoin currently valued at approximately $1.9 trillion and Ethereum at about $322 billion, the proposal targets well-established digital assets.
#Bitcoin #crypto #Utah #digitalassets
Checkout our website for detailed news:
Big Bitcoin Moves in Utah
The state’s Bitcoin Reserve bill has just taken a major step forward, advancing to the Senate Revenue and Taxation Committee! If passed, this bill would give the state treasurer the authority to invest public funds in specific digital assets, including Bitcoin.
What’s more exciting! If it gets the green light, the bill is set to take effect on May 7, 2025. This could mark a significant move toward institutional adoption of digital assets by state governments, paving the way for future financial innovation.
Utah’s about to make some serious moves in the crypto space 🚀
#Bitcoin #Utah
The state’s Bitcoin Reserve bill has just taken a major step forward, advancing to the Senate Revenue and Taxation Committee! If passed, this bill would give the state treasurer the authority to invest public funds in specific digital assets, including Bitcoin.
What’s more exciting! If it gets the green light, the bill is set to take effect on May 7, 2025. This could mark a significant move toward institutional adoption of digital assets by state governments, paving the way for future financial innovation.
Utah’s about to make some serious moves in the crypto space 🚀
#Bitcoin #Utah
Utah House Committee Approves Bill for Investment of Public Funds in Digital Assets
The proposed bill which will allow for investment of public funds in eligible digital assets received the House committee’s approval.
Utah Accelerates Strategic Bitcoin Reserve Bill
Utah’s House Committee on Economic Development has passed a recommendation for Utah’s H.B. 230 Blockchain and Digital Innovation Amendments to be approved. The bill was passed by an 8-1 vote on Tuesday, Jan. 28.
The bill establishes guidelines for asset custody, management, and compliance while permitting state treasurers to allocate a part of public monies to eligible digital assets. State treasurers may invest up to 5% of the total funds in each account in eligible digital assets with a market valuation of more than $50 billion.
The Senate has been tasked with passing the bill into law which will allow Utah to invest in bitcoin and other digital assets. Spencer Cox, Utah’s governor, has previously shown his receptiveness toward crypto when he signed a bill to create a blockchain and digital innovation task force. As such, the bill is expected to get his approval if the Senate process is successful.
Utah Representative Jordan Teuscher who proposed the bill posted a tweet to express his delight at the progress.
Thrilled to announce HB230 which will allow the state to invest in digital assets. While Utah is the 11th state to introduce similar legislation, we will be the first to pass it. Utah continues to lead the nation in blockchain and digital innovation!
#Utah #UtahHC #bitcoin #altcoins #cryptomarket
The proposed bill which will allow for investment of public funds in eligible digital assets received the House committee’s approval.
Utah Accelerates Strategic Bitcoin Reserve Bill
Utah’s House Committee on Economic Development has passed a recommendation for Utah’s H.B. 230 Blockchain and Digital Innovation Amendments to be approved. The bill was passed by an 8-1 vote on Tuesday, Jan. 28.
The bill establishes guidelines for asset custody, management, and compliance while permitting state treasurers to allocate a part of public monies to eligible digital assets. State treasurers may invest up to 5% of the total funds in each account in eligible digital assets with a market valuation of more than $50 billion.
The Senate has been tasked with passing the bill into law which will allow Utah to invest in bitcoin and other digital assets. Spencer Cox, Utah’s governor, has previously shown his receptiveness toward crypto when he signed a bill to create a blockchain and digital innovation task force. As such, the bill is expected to get his approval if the Senate process is successful.
Utah Representative Jordan Teuscher who proposed the bill posted a tweet to express his delight at the progress.
Thrilled to announce HB230 which will allow the state to invest in digital assets. While Utah is the 11th state to introduce similar legislation, we will be the first to pass it. Utah continues to lead the nation in blockchain and digital innovation!
#Utah #UtahHC #bitcoin #altcoins #cryptomarket
Utah Senate Passes Bitcoin Bill but Removes Strategic Bitcoin Reserve Clause
March 11, 2025 – Utah’s State Senate has passed House Bill 230 (HB230), also known as the “Blockchain and Digital Innovation Amendments,” but removed a crucial clause that would have allowed the state treasury to invest in Bitcoin. The amended bill now awaits Governor Spencer Cox’s signature to become law.
Bitcoin Investment Clause Removed
Initially, HB230 permitted the state treasurer to invest up to 5% of certain public reserve funds in “qualifying digital assets.” However, only Bitcoin met the criteria, requiring a cryptocurrency to maintain a $500 billion market cap over 12 months and not be a stablecoin.
Introduced by Utah Representative Jordan Teuscher on January 21, 2025, the bill passed the House of Representatives 8-1 before moving to the Senate Revenue and Taxation Committee, where it was approved 4-2-1 on February 20.
Despite clearing the second reading in the full Senate, lawmakers removed the Bitcoin Reserve clause on the third reading due to concerns about early adoption risks. Senator Kirk A. Cullimore stated during the March 7 session that there was “a lot of concern with those provisions and the early adoption of these types of policies.”
What’s Left in the Bill?
Although Utah will not be investing in Bitcoin, HB230 still establishes legal protections for digital asset holders in the state. The bill ensures:
The right to mine Bitcoin, run a node, and develop blockchain software.The right to stake cryptocurrencies without excessive regulatory interference.Protection against government restrictions on using digital assets for payments.Clear definitions for digital assets and blockchain technology regulation.
The bill passed the Senate with a 19-7-3 vote and now heads to Governor Spencer Cox for approval.
The US Strategic Bitcoin Reserve Race Continues
While Utah opted out of creating a Strategic Bitcoin Reserve (SBR), other US states remain in the race. According to Bitcoin Laws, Arizona has two BTC reserve bills awaiting a final Senate vote. Meanwhile, Texas’ Strategic Bitcoin Reserve legislation, introduced in January, passed its Senate committee in February and awaits final approval.
Other states pushing for a Bitcoin Reserve include:
New Hampshire and Oklahoma, which have advanced state-level proposals.Florida, Georgia, Illinois, Iowa, Kentucky, Maryland, Massachusetts, New Mexico, North Dakota, and Ohio, where bills are in early stages.
At the federal level, President Donald Trump recently signed an executive order to create a US Strategic Bitcoin Reserve and a Digital Asset Stockpile. White House AI & Crypto Czar David Sacks stated the reserve would be funded by Bitcoin seized from criminal and civil forfeiture cases. This follows Trump’s March 2 announcement of a US Crypto Reserve to strengthen the industry.
With Utah out of the race, the competition among states to establish the first Strategic Bitcoin Reserve intensifies.
The post appeared first on CryptosNewss.com
#bitcoinbill #Utah $BTC
Bitcoin Investment Clause Removed
Initially, HB230 permitted the state treasurer to invest up to 5% of certain public reserve funds in “qualifying digital assets.” However, only Bitcoin met the criteria, requiring a cryptocurrency to maintain a $500 billion market cap over 12 months and not be a stablecoin.
Introduced by Utah Representative Jordan Teuscher on January 21, 2025, the bill passed the House of Representatives 8-1 before moving to the Senate Revenue and Taxation Committee, where it was approved 4-2-1 on February 20.
Despite clearing the second reading in the full Senate, lawmakers removed the Bitcoin Reserve clause on the third reading due to concerns about early adoption risks. Senator Kirk A. Cullimore stated during the March 7 session that there was “a lot of concern with those provisions and the early adoption of these types of policies.”
What’s Left in the Bill?
Although Utah will not be investing in Bitcoin, HB230 still establishes legal protections for digital asset holders in the state. The bill ensures:
The right to mine Bitcoin, run a node, and develop blockchain software.The right to stake cryptocurrencies without excessive regulatory interference.Protection against government restrictions on using digital assets for payments.Clear definitions for digital assets and blockchain technology regulation.
The bill passed the Senate with a 19-7-3 vote and now heads to Governor Spencer Cox for approval.
The US Strategic Bitcoin Reserve Race Continues
While Utah opted out of creating a Strategic Bitcoin Reserve (SBR), other US states remain in the race. According to Bitcoin Laws, Arizona has two BTC reserve bills awaiting a final Senate vote. Meanwhile, Texas’ Strategic Bitcoin Reserve legislation, introduced in January, passed its Senate committee in February and awaits final approval.
Other states pushing for a Bitcoin Reserve include:
New Hampshire and Oklahoma, which have advanced state-level proposals.Florida, Georgia, Illinois, Iowa, Kentucky, Maryland, Massachusetts, New Mexico, North Dakota, and Ohio, where bills are in early stages.
At the federal level, President Donald Trump recently signed an executive order to create a US Strategic Bitcoin Reserve and a Digital Asset Stockpile. White House AI & Crypto Czar David Sacks stated the reserve would be funded by Bitcoin seized from criminal and civil forfeiture cases. This follows Trump’s March 2 announcement of a US Crypto Reserve to strengthen the industry.
With Utah out of the race, the competition among states to establish the first Strategic Bitcoin Reserve intensifies.
The post appeared first on CryptosNewss.com
#bitcoinbill #Utah $BTC
🚀 Bitcoin Adoption Alert! Utah Leading the Charge! 🇺🇸
📍 Ravana Master Trading | Binance Square
🔹 BREAKING: Utah’s Bitcoin Reserve Bill (HB230) has just passed the Senate Revenue & Taxation Committee! This brings Utah one step closer to becoming the first U.S. state to hold a Bitcoin reserve!
📌 Why is this BIG news?
✅ Utah could officially store Bitcoin as part of its state treasury.
✅ More government-level adoption strengthens Bitcoin’s legitimacy.
✅ Potential wave of institutional demand could follow.
🔸 Market Impact:
Bullish signal for BTC as institutional adoption grows.
Long-term price stability & higher accumulation expected.
Could this trigger more U.S. states to follow?
💡 Smart traders stay ahead of the game! Follow Ravana Master Trading for top-tier insights & signals!
#Bitcoin #BTC #Crypto #Trading #Utah #Bullish #Binance
📍 Ravana Master Trading | Binance Square
🔹 BREAKING: Utah’s Bitcoin Reserve Bill (HB230) has just passed the Senate Revenue & Taxation Committee! This brings Utah one step closer to becoming the first U.S. state to hold a Bitcoin reserve!
📌 Why is this BIG news?
✅ Utah could officially store Bitcoin as part of its state treasury.
✅ More government-level adoption strengthens Bitcoin’s legitimacy.
✅ Potential wave of institutional demand could follow.
🔸 Market Impact:
Bullish signal for BTC as institutional adoption grows.
Long-term price stability & higher accumulation expected.
Could this trigger more U.S. states to follow?
💡 Smart traders stay ahead of the game! Follow Ravana Master Trading for top-tier insights & signals!
#Bitcoin #BTC #Crypto #Trading #Utah #Bullish #Binance
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Montana Moves Closer to Recognizing Bitcoin as a Reserve Asset
Montana has just made an important step in recognizing Bitcoin (BTC) as the state's reserve asset. The bill named House Bill No. 429 was passed by the state House Business and Labor Committee #Montana on February 19, with a vote of 12 in favor and 8 against. All Republican members supported it, while Democrats opposed it.
Bitcoin Included in Montana's Investment Plan
Bitcoin Included in Montana's Investment Plan
Utah House Committee Approves Bill for Investment of Public Funds in Digital Assets
The proposed bill which will allow for investment of public funds in eligible digital assets received the House committee’s approval.
Utah Accelerates Strategic Bitcoin Reserve Bill
Utah’s House Committee on Economic Development has passed a recommendation for Utah’s H.B. 230 Blockchain and Digital Innovation Amendments to be approved. The bill was passed by an 8-1 vote on Tuesday, Jan. 28.
The bill establishes guidelines for asset custody, management, and compliance while permitting state treasurers to allocate a part of public monies to eligible digital assets. State treasurers may invest up to 5% of the total funds in each account in eligible digital assets with a market valuation of more than $50 billion.
The Senate has been tasked with passing the bill into law which will allow Utah to invest in bitcoin and other digital assets. Spencer Cox, Utah’s governor, has previously shown his receptiveness toward crypto when he signed a bill to create a blockchain and digital innovation task force. As such, the bill is expected to get his approval if the Senate process is successful.
Utah Representative Jordan Teuscher who proposed the bill posted a tweet to express his delight at the progress.
Thrilled to announce HB230 which will allow the state to invest in digital assets. While Utah is the 11th state to introduce similar legislation, we will be the first to pass it. Utah continues to lead the nation in blockchain and digital innovation!
#Utah #UtahHC #bitcoin #altcoins #cryptomarket
Utah Accelerates Strategic Bitcoin Reserve Bill
Utah’s House Committee on Economic Development has passed a recommendation for Utah’s H.B. 230 Blockchain and Digital Innovation Amendments to be approved. The bill was passed by an 8-1 vote on Tuesday, Jan. 28.
The bill establishes guidelines for asset custody, management, and compliance while permitting state treasurers to allocate a part of public monies to eligible digital assets. State treasurers may invest up to 5% of the total funds in each account in eligible digital assets with a market valuation of more than $50 billion.
The Senate has been tasked with passing the bill into law which will allow Utah to invest in bitcoin and other digital assets. Spencer Cox, Utah’s governor, has previously shown his receptiveness toward crypto when he signed a bill to create a blockchain and digital innovation task force. As such, the bill is expected to get his approval if the Senate process is successful.
Utah Representative Jordan Teuscher who proposed the bill posted a tweet to express his delight at the progress.
Thrilled to announce HB230 which will allow the state to invest in digital assets. While Utah is the 11th state to introduce similar legislation, we will be the first to pass it. Utah continues to lead the nation in blockchain and digital innovation!
#Utah #UtahHC #bitcoin #altcoins #cryptomarket
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UTAH SENATE CRYPTO TRANSFORMATION....
#utah #elg #BinanceSmartTrader #escoin
The Utah Senate has approved the HB230 bill titled “Blockchain and Digital Innovation Amendments.” The bill aims to legalize activities such as Bitcoin mining, cryptocurrency asset custody, and staking for state citizens, while the provision in the original bill that allowed the state treasury to use 5% of public funds as Bitcoin reserves was removed (Uzmancoin, 2025; Neuron Expert, 2025). Thus, Utah continues to take pioneering steps in the integration of digital assets into the legal framework.
This development is in parallel with the increase in legislative initiatives regarding crypto reserves across the United States. While states such as Montana, Arizona, Texas, North Dakota, Wyoming, South Dakota, and Pennsylvania exhibit different approaches in this area, Utah's move has been generally welcomed positively in the market (Haberler.com, 2025).
#utah #elg #BinanceSmartTrader #escoin
The Utah Senate has approved the HB230 bill titled “Blockchain and Digital Innovation Amendments.” The bill aims to legalize activities such as Bitcoin mining, cryptocurrency asset custody, and staking for state citizens, while the provision in the original bill that allowed the state treasury to use 5% of public funds as Bitcoin reserves was removed (Uzmancoin, 2025; Neuron Expert, 2025). Thus, Utah continues to take pioneering steps in the integration of digital assets into the legal framework.
This development is in parallel with the increase in legislative initiatives regarding crypto reserves across the United States. While states such as Montana, Arizona, Texas, North Dakota, Wyoming, South Dakota, and Pennsylvania exhibit different approaches in this area, Utah's move has been generally welcomed positively in the market (Haberler.com, 2025).
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North Carolina Is Considering Holding Bitcoin as a Reserve Asset – The Race for Digital Currency Among U.S. States Begins
🚀 Will Bitcoin become a strategic asset for states in the U.S.? North Carolina has just introduced an ambitious bill to make this a reality!
North Carolina Proposes Bill to Include Bitcoin in Public Reserve Fund
On Tuesday, the North Carolina Senate introduced Bill SB327, which requires the state treasury to allocate up to 10% of public funds to Bitcoin, in order to promote financial innovation and enhance the state's economic standing.
North Carolina Proposes Bill to Include Bitcoin in Public Reserve Fund
On Tuesday, the North Carolina Senate introduced Bill SB327, which requires the state treasury to allocate up to 10% of public funds to Bitcoin, in order to promote financial innovation and enhance the state's economic standing.
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