Utah Bitcoin Bill Passes State Senate, But Key Provisions Are Deleted
The Bitcoin bill in Utah has passed the state Senate, but the core provisions of the bill have been removed. The provision was originally intended to make Utah the first state in the United States to have its own Bitcoin reserve. The "HB230 Blockchain and Digital Innovation Amendment" bill now only provides basic custody protection to Utah citizens, giving them rights to mine Bitcoin, run nodes, and participate in staking. On March 7, the bill passed with 19 votes in favor, 7 votes against, and 3 abstentions, and will now be sent to Utah Governor Spencer Cox for signature into law.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Market Insights: Short-Term Recovery Signals for BONK, ALCH, and Bitcoin
In Brief Analyst Pseudonym identifies recovery signals in BONK, ALCH, and Bitcoin. Short-term trading strategies recommended for cautious positions. Increasing interest in meme tokens amid market volatility.
Ethereum Price Fluctuations Ignite Technical Analysis and Strategic Forecasts
In Brief Ethereum's price fluctuations shift focus to technical indicators among market players. Analysts signal potential recovery and long-term growth opportunities for Ethereum. Competition from networks like Solana raises challenges for Ethereum's market position.
Senate bill targets emissions from AI and crypto data centers
SEC eyes crypto trading overhaul amid calls for reform
Trending news
MoreCrypto prices
More
