 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
Cryptocurrency News Articles
Utah Advances Bill to Potentially Become First US State with Bitcoin Reserve
Feb 07, 2025 at 09:50 am
The 'Strategic Bitcoin Reserve' bill has officially passed the House in the state of Utah
The Utah House of Representatives has advanced a bill that would create a state Bitcoin reserve, bringing it one step closer to becoming the first US state to hold BTC on its balance sheet.
The bill, HB230, passed the House Economic Development Committee on Jan. 28 by an 8-1 vote. It would allow the state treasurer to allocate up to 5% of certain public funds to purchase “qualifying digital assets,” including BTC, high-cap crypto assets and stablecoins.
The bill was introduced by Utah Representative Jordan Teuscher on Jan. 21 and is now headed to the Senate, where it will need majority approval before being sent to the governor to sign or veto.
“The ‘Strategic Bitcoin Reserve’ bill has officially passed the House in the state of Utah.”Satoshi Action Fund founder and CEO Dennis Porter announced the development on Feb. 6.
“This bill now moves onto the Senate,” he added.
The bill is part of a broader effort by several US states to integrate digital assets into their financial reserves. As reported by Cointelegraph, Arizona is also considering a bill that would create a state Bitcoin reserve, and the only other bill that is closer to being approved. The Strategic Bitcoin Reserve Act (SB1025), co-sponsored by Senator Wendy Rogers and Representative Jeff Weninger, passed the Senate Finance Committee on Jan. 27 and is now awaiting a vote by the House.
Meanwhile, New Mexico has also joined the fray with the introduction of SB57 by Senator Ant Thornton on Feb. 4. The bill proposes allocating 5% of public funds to Bitcoin.
Recently, lawmakers in North Dakota shot down HB1184, a bill that would have enabled state investment in crypto assets and precious metals. The bill failed to pass the House on Jan. 31 with a vote of 32 for it to 57 against.
According to Bitcoin Reserve Monitor, 14 US states have introduced bills giving their local treasuries permission to buy crypto assets.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
- Consensus 2026 Miami: Web3, Blockchain, Cryptocurrency, NFTs, Metaverse, Conference, May 5th — Where Wall Street Meets the Digital Frontier
- May 01, 2026 at 11:27 pm
- Miami buzzes as Consensus 2026 approaches on May 5th, highlighting Web3, blockchain, crypto, NFTs, and the metaverse's shift from hype to institutional and sustainable reality.
-
-
- Bitcoin Miners Electrify the Grid: Ohio Gas Plant Acquisition Powers Up a New Era for Digital Gold
- Apr 30, 2026 at 10:38 pm
- The Bitcoin mining industry is undergoing a significant transformation, with major players aggressively expanding operations and strategically acquiring energy assets like Ohio gas plants to solidify their future in the digital economy.
-
-
- Solana's Slippery Slope: Price Prediction Points to Resistance Loss and Potential Further Drops
- Apr 30, 2026 at 09:08 pm
- Solana is struggling to break key resistance, signaling potential downside. Repeated rejections at $86-$88, coupled with a broken short-term pattern, point to targets as low as $67, or even $40, as sellers maintain control. Investors should watch critical support levels closely.
-
-
- NYC's New Beat: Staking Systems, USD1, and Governance Drive Crypto's Next Wave
- Apr 30, 2026 at 03:02 pm
- From lucrative USD1 earning events to robust governance models, the crypto sphere is buzzing with innovations reshaping how we engage with digital assets, focusing on long-term commitment and stablecoin utility.
-
- OKX Unveils Agent Payments Protocol: Ushering in a New Era of AI Transactions
- Apr 30, 2026 at 02:53 pm
- OKX launches its Agent Payments Protocol (APP), an open standard for AI-driven commerce, enabling agents to manage full business cycles. Explore the implications for AI transactions and agentic payments.
