UTAH SENATE CRYPTO REVOLUTION: NEW BILL AND FUTURE VISION

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The Utah Senate has passed 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 draft allowing the state treasury to use 5% of public funds as Bitcoin reserves has been 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 parallels the increase of legislative initiatives regarding crypto reserves across the U.S. 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 positively received in the market (Haberler.com, 2025).

HB230 is expected to allow the people of Utah to play an active role in the crypto ecosystem, with the final version of the law anticipated to come into effect after being submitted for approval by Governor Spencer Cox. This step serves as an important example of strengthening the digital economy at the state level. As a result, while the legal regulations for cryptocurrency assets are rapidly taking shape, competition and innovation in this field are expected to increase in the U.S.

Conclusion: Utah's move opens the door to new opportunities and competition in the digital economy.

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