Utah Leads: Bitcoin Reserve Bill Passes House, Heads To Senate
Utah’s House of Representatives on February 6 passed House Bill 230 (HB 230), informally referred to as the “Strategic Bitcoin Reserve” bill, by a narrow margin of 38 votes in favor, 34 against, and 3 not voting. HB 230 will now advance to the Senate, where its fate hinges on another vote before ultimately reaching […]
Related News
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....
Out of the 20 US states that proposed Bitcoin reserve bills, two just got closer to their approval. Utah leads the race–its House Bill 230 passed the House voting stage with just one out of nine votes against. Now, it’s up to the Senate Revenue and Taxation Committee to decide whether Utah will become the […]
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 […]
The race to establish Bitcoin as a state-level strategic reserve asset has taken a decisive step forward in the Beehive State. On February 20, House Bill 230 (HB230), also known as the “Blockchain and Digital Innovation Amendments,” passed the Senate Revenue and Taxation Committee in a 4-2-1 vote. The legislation, which already cleared the state […]
The U.S. House of Representatives, on Friday, passed the $1.2 trillion bipartisan infrastructure bill. With a final vote of 228-206, thirteen Republicans voted with the majority of Democrats in favor of the bill. Although, six Democrats voted against it. After hours of deliberation, the bill now heads to President Joe Biden’s desk to be signed […]