Utah is on the verge of making history as the first U.S. state to hold Bitcoin as a reserve asset. The state’s proposed “Blockchain and Digital Innovation Amendments” (HB230) bill successfully passed the Senate Revenue and Taxation Committee on February 20, advancing through a 4-2-1 vote. The bill now moves ...
Dennis Porter, CEO and founder of the Satoshi Act Fund, believes that Utah will be the first state in the U.S. to pass legislation for establishing a strategic Bitcoin reserve. His comments expand on insights from an interview with Simply Bitcoin and Republican Senator Cynthia Lummis. Porter revealed that 11 ...
Utah's House Economic Development Committee has passed HB 230, a bill that permits the state to invest in cryptocurrencies. The measure was approved with an 8-1 vote on January 28 and will now be sent to the full House for consideration. If it gains approval from the House and the ...
Utah has introduced an innovative bill to modernize state investments by permitting the treasurer to invest public funds in digital assets. The "Blockchain and Digital Innovation Amendments" (H.B. 230), presented by State Representative Jordan Teuscher, aims to position Utah as a leader in blockchain adoption while maintaining strict fiscal accountability. ...
