Utan, a US state, has introduced a new bill to invest public funds in Bitcoin and other digital assets.
The 'Blockchain and Digital Innovation Amendments' bill was introduced by Chief Sponsor Jordan D. Teuscher, which established a framework and included provisions for cryptocurrencies.
Teuscher said that the bill reflected the state's commitment to embrace the "cutting-edge technology and prepare for the future of finance while ensuring fiscal sovereighnity".
The Utah's crypto bill would authorise the treasurer to engage in staking and lending digital assets under specified conditions.
