Utah Legislator Introduces Bill To Promote Bitcoin
Utah State Rep. Mark K. Roberts has introduced a bill to create a Council on Payment Options for State Services with the intention of promoting bitcoin-related industries and the use bitcoin for state business. The resolution, H. C. R. 6, encourages the use of bitcoin for state business and notes that Utah could become a key player in promoting bitcoin. Roberts, a Republican from the state's 67th district, proposes that the Council on Payment Options for State Services study whether and how the state could accept bitcoin as a valid form of payment. The resolution calls for various state....
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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....
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,....
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....
Utah’s State Senate has exited the Strategic Bitcoin Reserve (SBR) race after amending the proposed bill allowing the state treasury to invest in digital assets. The amended legislation is now headed to Utah Governor Spencer Cox’s desk to be signed into law. Related Reading: Coinbase Hiring Spree: 1,000 Jobs Incoming As Crypto Regulations Improve Utah […]