Utah Senate Passes Bitcoin Bill, Removes BTC Reserve Clause

3 months ago

The Senate of Utah, seen by immoderate observers arsenic being the frontrunner to found a bitcoin reserve, passed a Bitcoin bill that excluded proviso for the authorities treasurer to put successful the largest cryptocurrency.

Instead it provides the state's residents with basal custody protections and establishes the close to excavation bitcoin (BTC), run nodes and enactment successful staking, on with different assorted different provisions.

The senate's passing of the measure connected March 7 means it present passes to Governor Spencer Gox to beryllium signed into law.

Read More: Market Experts Weigh In connected Trump’s Strategic Bitcoin Reserve That Takes Out $17B successful Potential Selling From BTC

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