Utah is advancing to become The first state of the United States to maintain Bitcoin
BTC
$ 97,035.81
The proposed bill, known as HB230, which would allow a part of the state funds to be assigned to digital assets approved The state of the State and is now waiting for a review in the Senate.
The HB230 was inserted By Jordan Teuscher on January 21. Your goal is Allow the state treasurer to invest up to 5% of certain public funds in digital assetsincluding Bitcoin, Stablecoins and other widely recognized cryptocurrencies.
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Dennis PorterFounder and CEO of the Satoshi Action Fund, he said in a February 6 Publication in X:
The bill of ‘Bitcoin Strategic Reserve’ has officially approved the Chamber in the State of Utah. The bill now passes to the Senate. “
On January 28, the UTAH House Economic Development Committee approved the invoice With a vote of 8-1that pushed him forward for his greatest consideration. The next step is a state Senate review. If it happens there, the bill It will be sent to the governor, who will decide if he will sign it or reject it.
Utah is not the only state that considers this type of legislation. Arizona has been working to a similar extent, SB1025which approved the Senate Finance Committee on January 27 and is currently waiting for a vote in the Chamber.
Meanwhile, on February 4, Senator Bill Hagerty proposed a bill that established clear rules for Stablecoins. What is it? Read the full story.
Having completed a master’s degree in economics, politics and cultures of the Oriental Asia region, Aaron has written scientific documents that analyze the differences between Western and collective capitalism forms in the era after World War II.
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