Utah Lawmakers Lobby for Bitcoin in New Bill
Utah State Legislature recently stepped up to show its magnanimous support to Bitcoin - the world's first decentralized cryptocurrency. As per the new bill proposed by Rep. Marc K Roberts, Utah lawmakers are open to accept Bitcoin as a "valid form of payment." The bill (house resolution) spoke highly about the digital currency's promising benefits for the people of Utah - be it free-market capitalism or lower transaction fee. The bill therefore proposed the formation of a special council to study the possibility of such an unusual integration. "The Legislature and the Governor," it said,....
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A bill aimed at getting the state of Utah to accept bitcoin for states services passes its first reading in the Senate. The bill has now passed its first Senate reading having already passed through the House of Representatives with a slim majority of 38 Yes votes against 36 No's. Utah state representative Marc K. Roberts introduced the proposal, Bill H.C.R 6, to the Clerk of the House of Representatives on February 10. “THEREFORE, BE IT RESOLVED that the Legislature of the state of Utah, and the Governor concurring therein, recognizes the potential benefits that could come from the....
At least three states in the US may soon allow bitcoin to be used to pay for taxes. The State of New Hampshire, New York and Utah have been considering introducing a bill that would make this possible. Each of these states have come up with their own slightly different versions on why this could be a great option and what would be the benefits. Mark K. Roberts, a representative from the Republican Party, last January witnessed the Utah state developing and introducing a bill to create a Council on Payment Options for State Services, which would research how Utah would go about accepting....
Pay your taxes in bitcoin? Maybe, if you live in one of three states now considering bills in support of that option. In January, Utah Republican state representative Mark K. Roberts introduced a bill, H. C. R. 6, to create a Council on Payment Options for State Services that will study how Utah could accept Bitcoin as a valid form of payment. The bill includes the possibility for Utah residents to pay state taxes using Bitcoin. In February, eight New Hampshire state representatives introduced a bipartisan bill, NH HB552, to propose that New Hampshire should officially accept Bitcoin for....
The State of Utah has passed the Bitcoin bill, H. C. R. 6 Substitute Concurrent Resolution on Payment Options for State Services, which will allow the residents to pay their taxes in Bitcoin. The bill was introduced by state representative Mark K. Roberts in January and was backed by Senator Todd Weiler. The concurrent resolution encourages widespread use of the digital currency in the state and proposes the creation of the Council on Payment Options for State Services to investigate the possibilities and outcome of accepting Bitcoin as a payment method. The bill resolved that the council....
Some of the primary duties assigned to the task force involve making policy recommendations related to blockchain and related technologies. After nearly a three-year-long discussion about establishing a task force to oversee blockchain and crypto initiatives, the governor of Utah, Spencer Cox, signed a bill to create the Blockchain and Digital Innovation Task Force.The Utah State Legislature first saw the introduction of the house bill (H.B. 335) in early February 2022, which took nearly two months to pass through several senate, house and fiscal actions before finally being signed by....