Utah Leads: Bitcoin Reserve Bill Passes House, Heads To Senate

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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 the governor’s desk. Utah Leads The Bitcoin Reserve Race Officially titled the “Blockchain and Digital Innovation Amendments,” HB 230 permits the Utah state treasurer to invest up to ...