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Utah Senate Passes Bitcoin Bill, Excluding State BTC Reserve Provisions

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Utah Senate Passes Bitcoin Bill, Excluding State BTC Reserve Provisions

The Utah Senate passed a Bitcoin bill on March 7, which does not allow the state treasurer to invest in Bitcoin. Key provisions include:

  • Basic custody protections for residents
  • Rights to mine Bitcoin
  • Operation of nodes and participation in staking

The bill will be sent to Governor Spencer Cox for signing into law.

Original publication

Authors credited by the source: Jamie Crawley

Published by Holder based on an external source.