Utah Senate Approves Bitcoin Bill, Removes BTC Reserve Provision
Jamie Crowley | Edited by Sheldon Rebeck on March 10, 2025, 10:01 UTC
The Utah Senate, which some observers see as the frontrunner to hold bitcoin reserves, has passed a bitcoin bill, removing a provision that would require the state treasurer to invest in the leading cryptocurrency.
Instead, it provides state residents with basic protections, as well as the right to mine bitcoin (BTC), operate nodes, and participate in staking, among other provisions.
The bill’s passage by the Senate on March 7 means it now heads to Gov. Spencer Hawks for signature.
More: Market Experts Analyze Trump’s Bitcoin Strategic Reserve, Which Cuts Potential BTC Sale by $17 Billion
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