The Utah blockchain bill (HB230) was passed by the Senate on March 7, but the provision for the creation of a Bitcoin reserve was excluded. Initially, it allowed investing up to 5 percent of state funds in Bitcoin and other digital assets, but the final version now only includes provisions protecting the right to mine, run nodes, and participate in staking, as well as ensuring the protection of digital assets. The law is now heading to the governor for signing. Utah continues to support the development of blockchain technologies, providing legal protection for its residents.
3/10/2025 11:43:41 AM (GMT+1)
Utah removed the creation of a Bitcoin reserve fund from the HB230 bill, which now focuses on protecting the rights of miners and digital asset owners
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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