The Senate of Utah, seen by some observers as being the frontrunner to establish a bitcoin reserve, passed a Bitcoin bill that excluded provision for the state treasurer to invest in the largest cryptocurrency.
Instead it provides the state’s residents with basic custody protections and establishes the right to mine bitcoin (BTC), operate nodes and participate in staking, along with other various other provisions.
Story continues
Don’t miss another story.Subscribe to the State of Crypto Newsletter today. See all newsletters
Sign me up
The senate’s passing of the bill on March 7 means it now passes to Governor Spencer Gox to be signed into law.
