“The Bill Provides Residents with Basic Custody Protections and Establishes the Right to Mine BTC, OPERATE Notes and Participate in Staking”, – WRITE: www.coindesk.com
The Bill Provides Residents with Basic Custody Protections and Establishes the Right to Mine BTC, OPERATE Notes and Participate in Staking Mar 10, 2025, 10:01 AM UTC
Salt Lake City, Utah (Rmartins759/Pixabay)
What to Know:
- The Utah Senate Passed A Bitcoin Bill But With One Key Clause Missing As Far As the Crypto Community Is ConCerned – IT DOES NOT INCLUDE PROVision for the State Treasure.
- Utah Was Seen by Some Observers As Being The Frontrunner to Establish a Bitcoin Reserve Among US States.
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 Treasur.
Insthead It Provides the State Residents with Basic Custody Protections and Establishes the Right to Mine Bitcoin (BTC), Operate Nodes and Participate In Staking, ALONG WITH WITHER VARIER VARI.
The Senate’s Passing of the Bill on March 7 Means It Now Passes to Governor Spencer Gox to Be Signned Into Law.
Read More: Market Experts Weight in On Trump’s Strategic Bitcoin Reserve that Takes Out $ 17b in Potential Selling from Btc
Jamie crawleyJamie Has Been Part of Coindesk’s News Team Since February 2021, Focussing on Breaking News, Bitcoin Tech and Protocols and Crypto VC. HE HOLDS BTC, ETH AND DOGE.
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