Utah’s Bitcoin Reserve Bill Passes Senate – Only One Vote Left
bitcoinist.com (nprofile…x94c)
UTAH’S BITCOIN RESERVE BILL PASSES SENATE – ONLY ONE VOTE LEFT
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✍️ Utah takes a step closer to establishing Bitcoin as a state-level strategic reserve asset, with House Bill 230 passing the Senate Revenue and Taxation Committee.
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👉 HB230 authorizes the Utah state treasurer to invest up to 5% of certain public reserve funds in digital assets
👉 Digital assets must maintain a minimum average market capitalization of $500 billion over the preceding 12 months
👉 Bitcoin is the only cryptocurrency that meets this threshold
👉 The bill also authorizes the treasurer to engage in crypto staking
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#GovernorSpencerCox #Rep.JordanTeuscher #Utah #technology
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UTAH’S BITCOIN RESERVE BILL PASSES SENATE – ONLY ONE VOTE LEFT
--
✍️ Utah takes a step closer to establishing Bitcoin as a state-level strategic reserve asset, with House Bill 230 passing the Senate Revenue and Taxation Committee.
--
👉 HB230 authorizes the Utah state treasurer to invest up to 5% of certain public reserve funds in digital assets
👉 Digital assets must maintain a minimum average market capitalization of $500 billion over the preceding 12 months
👉 Bitcoin is the only cryptocurrency that meets this threshold
👉 The bill also authorizes the treasurer to engage in crypto staking
--
#GovernorSpencerCox #Rep.JordanTeuscher #Utah #technology
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quoting nevent1q…jmalbitcoinist.com (nprofile…x94c)
The race to establish Bitcoin as a state-level strategic reserve asset has taken a decisive step forward in the Beehive State. On February 20, House Bill 230 (HB230), also known as the “Blockchain and Digital Innovation Amendments,” passed the Senate Revenue and Taxation Committee in a 4-2-1 vote. The legislation, which already cleared the state […]
https://bitcoinist.com/utah-bitcoin-reserve-bill-passes-senate/