The legislative body passes the Blockchain Bill, the Bitcoin reserve provides the Bitcoin reserves

Uttah -state lawmakers agreed to the legislation late on Friday, and aims to provide organizational clarity, but removed a pivotal judgment that would allow the state to invest public funds directly in encryption.

HB 230-The amendments to Blockchain and digital innovation were issued in Utah, with a vote of 19-7 after the legislators amended them to the judiciary Bitcoin Reserve.

Later that night, the House of Representatives approved the Senate reviews, and the approval of the draft law 52-19, with four abstinence.

It was initially presented by MP Jordan Teuscher (R-Utah) and caring for the Senate by Senator Kirk Collimore, and the amended legislation continues to contain great provisions that are friendly to the championship.

The draft law explicitly prohibits local governments and governments from restricting the acceptance or custody of digital assets, and protects the rights of individuals in running the Blockchain contract, participating in attention, and exempting such activities from the requirements of a government fund license.

In addition, the legislation from local governments limits the imposition of regulations for dividing regions and noise that unresolved targeting digital assets mining companies operating in industrial areas.

The move comes shortly after President Trump’s executive order on March 6 Bitcoin strategic reserves Us Digital Asset Stockpile at the federal level, which reflects a wider government interest in adopting encryption.

Governor Spencer Cox did not publicize whether he intends to sign the bill in the law. If approved, the procedure will be officially valid on May 7, 2025.

US Bitcoin batch

While Utah is a step back, many of them Other countries They are now hurrying to push them to merge Bitcoin In public finances.

Texas and Arizona are still the same.

Last Thursday, the Senate in Texas approved the bill 25-5 voting After Senator Charles Chounerner, a sponsor of the bill, said that the scarcity of Bitcoin and its capabilities as a hedge against inflation makes it a valuable advantage for the state’s financial future.

“We have no chimneys of bills and cabinets that we have done in the Middle Ages,” said Chounerner. “What we have is the digital currency.”

Not far, Arizona too Progress Bitcoin reserve proposal.

SB 1025 from Arizona, which has already passed through the third reading committee in the Senate, suggests that the country invests 10 % of public funds in Bitcoin and other digital assets.

After Arizona and Texas advanced, Oklahoma HB 1203Bitcoin strategic law, Pass The House of Representatives government supervision committee with a vote 12-2.

but, Not all countries are eager To embrace bidcoin reserves supported.

Countries like Montanaand South Dakotaand Pennsylvaniaand Northern DakotaAnd Wyoming Similar bills were explicit due to concerns about bitcoin fluctuations.

Almost 18 state proposals are still pending, for each bitcoin reserve screen DataWith Kansas, Iowa, Missouri, Illinois, Florida, Massachusetts, Michigan, among others, all of whom explore the possibility of bitcoin in their financial reserves.

Edit Sebastian Senkler