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Utah Bitcoin Reserve Bill Enters Second Senate Reading

Odaily News Legislation allowing Bitcoin investment in Utah has been approved by a state Senate subcommittee. The HB230 "Blockchain and Digital Innovation Amendment" bill passed the Utah Revenue and Taxation Subcommittee on February 20 with a 4-2-1 vote and is currently undergoing second and third readings before a final Senate vote. The Bitcoin Reserve Act has already passed the House, so if it is approved in the Senate, Utah Republican Governor Spencer Cox only needs to sign the bill for Bitcoin to become a state reserve asset. (Cointelegraph)

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