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BitcoinSistemi 2025-01-29 09:04:08

Another Step Taken Towards Bitcoin Becoming a Reserve Asset! Positive News Came From One of the Largest States in the USA!

Another Step Taken Towards Bitcoin Becoming a Reserve Asset! Positive News Came From One of the Largest States in the USA!

While Bitcoin (BTC) reserve studies continue in the USA and many states, the second positive news came from Utah. A Utah House of Representatives committee has passed a bill that would allow the state to invest a portion of public funds in cryptocurrencies, and the bill will now head to the upper house for a vote. At this point, Utah has become the second US state after Arizona to approve the Strategic Bitcoin Reserve bill, moving one step closer to federal approval. The important development was shared by Satoshi Act Fund co-founder Dennis Porter. Porter stated in his post on his X account that Utah approved the bill that paves the way for buying BTC. The bill, which passed the committee, will now be presented to the state legislature, where it will be approved by the governor as the final authority. Once the governor signs the bill, it will become law. At this point, it is anticipated that a final approval in Utah will pave the way for other US states to do the same. If the governor approves, Utah will soon have a Strategic Bitcoin Reserve and will serve as a reference point for other US states. The bill was introduced by Utah Representative Jordan Teuscher on January 21. As you may recall, yesterday, a bill allowing Bitcoin reserves was approved by the committee in another US state, Arizona. Related News: Very Positive Legislative News for Bitcoin (BTC) Came From One of the Largest States in the US! "It Became the First US State!" *This is not investment advice. Continue Reading: Another Step Taken Towards Bitcoin Becoming a Reserve Asset! Positive News Came From One of the Largest States in the USA!

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