news 
Utah Eyes Crypto Investments for State Treasury—Will Other States Follow?
A house committee in Utah has approved a bill allowing the state to allocate funds to invest in Bitcoin and other digital assets, which could take effect in three months. This move may encourage other states to follow suit.
The Utah House Economic Development and Workforce Services Committee has given its seal of approval to a bill that grants permission for the state’s treasury to invest in cryptocurrencies like Bitcoin and other digital assets. The bill, titled ‘Blockchain and Digital Innovation Amendments bill (H.B. 230)’, was introduced just over a week ago by state representative Jordan Teuscher.
If approved by the Senate and signed into law by the governor, this could set a significant precedent for other states to follow suit, given the current bullish sentiment in the crypto market.
Source: http://www.crypto-news-flash.com
