UTAH SENATE CRYPTO TRANSFORMATION....

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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).