Editor's PiCK
Utah Passes Bitcoin (BTC) Bill... "State Strategic Reserve Provisions Excluded"
Summary
- Reported that a bill protecting rights related to Bitcoin (BTC) mining and node operation has passed in Utah.
- Stated that the bill was finally passed without provisions for investment in digital assets.
- Reported that with the Bitcoin strategic reserve provisions removed, the competition for Bitcoin strategic reserves at the state government level will be restructured into a two-way race between Texas and Arizona.
A bill protecting rights related to Bitcoin (BTC) mining and node operation has passed in the state of Utah, USA.
On the 8th, cryptocurrency news outlet Bitcoin News reported, "The Bitcoin bill (H.B.230) has passed in Utah, but provisions for strategic Bitcoin reserves were excluded." The bill initially included provisions allowing the state government to invest in digital assets as state assets, but it was reported that virtual asset and related reserve provisions were excluded during Senate deliberations.
The outlet added, "This bill includes provisions protecting basic rights such as Bitcoin mining, node operation, and direct custody of assets."
Meanwhile, with Utah passing the bill without the Bitcoin strategic reserve provisions, there are predictions that the competition for Bitcoin strategic reserves at the state government level will be restructured into a two-way race between Texas and Arizona.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
