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Utah Lawmakers Approve Amended Bitcoin Bill
In a significant move, Utah lawmakers have approved an amended Bitcoin bill that prioritizes citizen participation over direct state investment in the digital currency. The revised legislation aims to promote growth and innovation in the cryptocurrency sector while ensuring safety measures are in place.
The bill’s approval comes as part of a broader nationwide push towards integrating Bitcoin into government and financial systems. Across the United States, 25 out of 31 introduced Bitcoin reserve bills remain active, with states like Illinois and New Hampshire also advancing similar legislation.
At the federal level, President Donald Trump signed an executive order on March 7, creating a Strategic Bitcoin Reserve using seized assets. This move underscores the growing acceptance of Bitcoin (BTC) at both state and national levels.
Utah’s amended bill takes a different approach by focusing on citizen participation, rather than directly investing in Bitcoin. This decision aligns with the trend towards promoting innovation while prioritizing safety.
Source: https://coinjournal.net/news/utah-lawmakers-approve-amended-bitcoin-bill/
