Utah on the brink of becoming the first US state to enact a Bitcoin reserve bill awaits Senate vote

Utah is likely to become the first U.S. state to introduce a Bitcoin reserve. On the 6th (local time), Satoshi Action Fund
Dennis Porter, founder and CEO of the Bitcoin Fund, said in a statement that the Strategic Bitcoin Reserve Act has officially passed the Utah House of Representatives.
"I'm confident that Utah will be the first state to introduce this bill," he said in a recent interview.
The Utah House Economic Development Committee passed the Blockchain and Digital Innovation Amendments Act (HB230) by a vote of 8-1 on January 28.
The bill, introduced by Utah Representative Jordan Teuscher on January 21, would allow up to 5% of certain public funds to be invested in Bitcoin.
Bitcoin (BTC), large crypto assets and “qualifying digital assets” such as stablecoins
The bill includes provisions authorizing the State Treasurer to use the proceeds of the purchase of federal assets.
The bill now must receive majority support from the Senate and then go to the Governor for his signature or veto.