Utah Senate Approves Bitcoin Bill, Removes BTC Reserve Provision
The bill offers residents basic protections and establishes the right to mine BTC, manage bonds, and participate in staking.
Jamie Crowley | Edited by Sheldon Rebeck on March 10, 2025, 10:01 UTC
What you need to know:
- The Utah Senate has passed a Bitcoin bill, but it's missing one important provision for the crypto community: a clause allowing the state treasurer to invest in Bitcoin.
- Some analysts considered Utah to be the leader among US states in creating a reserve of bitcoins.
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.
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