On the 7th, the Utah Senate passed HB230, a bill to amend the Blockchain and Digital Innovation Act, with 19 votes.
The bill passed with 7 votes and 3 abstentions. The bill is expected to be signed into law by Utah Governor Spencer Cox.
The Bitcoin bill was passed, but the core of the bill, which was to allow "state-level Bitcoin ownership,"
The agreement excludes provisions that would restrict access to Bitcoin, and only provides basic asset protection measures, the right to mine Bitcoin and operate nodes, and the right to participate in staking.
The deleted provision would have allowed the Utah Treasury to invest up to 5% in digital assets with market capitalizations of more than $500 billion last fiscal year.
Currently, the only digital asset that meets this standard is Bitcoin. The article passed on the second reading, but was removed on the third reading.
The Senate approved the amendment by a vote of 52 to 19, with four abstentions. At the Senate meeting on the 7th, bill co-sponsor Kirk A. Cullimore
Senator Cullimore said, "There were a lot of concerns about introducing these provisions and policies at an early stage."
On February 2nd, Satoshi Action Fund
Dennis Porter, CEO of the Fund
Porter predicts Utah could become the first US state to own Bitcoin.
According to reports, Arizona and Texas are currently the states most likely to pass legislation related to bitcoin ownership.
According to Laws, the bills in both states have passed a subcommittee vote in the Senate and are awaiting a final vote in the full House. So far, 31 bitcoin-holding bills have been introduced in state legislatures, including:
Bills are moving forward in 25 states, including Illinois, Iowa, Kentucky, Maryland, Massachusetts, New Hampshire, New Mexico, North Dakota, Ohio, and Oklahoma.
Meanwhile, related bills in Pennsylvania, Montana, Kentucky, North Dakota and other states have been rejected.
2025/03/10 13:24 KST
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