Utah Leads 20 US States Aiming to Launch State-Level Bitcoin Reserves, While Trump's 'Crypto Task...
The race to integrate Bitcoin into state treasuries is heating up. So far, 20 U.S. states have introduced bills aiming to accumulate BTC as a financial asset—but Utah is pulling ahead with real legislative momentum. A new bill, HB 230, just cleared a major hurdle. The “Digital Innovation and Blockchain Amendments” bill, which could allow the state treasurer to allocate public funds into Bitcoin, has now been formally introduced to the Utah Senate’s Revenue and Taxation Committee. Back in January, the bill passed Utah’s House of Representatives with an 8-1 vote, and on February 7, it advanced to the Senate for its first reading. If enacted, up to 5% of Utah’s state funds could be invested in “qualified digital assets”—a category that, under the bill’s criteria, currently includes only one cryptocurrency: Bitcoin. Utah's HB 230 isn’t just about buying Bitcoin...It also lays the groundwork for regulatory oversight, custody protocols, and even permits the treasurer to engage in staking and lending of crypto assets under certain conditions. Additionally, the bill introduces new rules around stablecoin investments, reflecting the broader push to formalize crypto within government finance. The proposal is spearheaded by Utah Rep. Jordan Teuscher. If it keeps gaining traction, the bill could take effect on May 7, 2025. And according to Dennis Porter, CEO of Satoshi Action Fund, Utah is positioned to be the first U.S. state with an official Bitcoin treasury, thanks to its tight 45-day legislative session. This state-level push follows Donald Trump has floating the idea of a Federal Bitcoin Reserve - his 'crypto task force' is already exploring ways to make it happen. In an interview with Bloomberg President Trump says he believes that if the U.S. doesn’t move fast, rival nations will. As Utah moves forward, all eyes are on whether this bill will set a precedent for other states looking to put Bitcoin on their balance sheets.-------#BTC
Ethereum Pectra Mainnet Upgrade Delayed—Here’s What’s Next
Ethereum's Pectra mainnet upgrade, initially planned for April 2025, is delayed as developers await further testing results from the Hoodi testnet. The delay, discussed during the ACDC Call #153, reflects the cautious approach to ensure a stable and smooth upgrade process. The testing of Pectra on Hoodi begins on March 26, with a final decision on the mainnet launch expected in the coming weeks. promo
Get rewards up to $10,000 and earn 20% from friends' reAs developers await further testing results from the Hoodi testnet, the highly anticipated Ethereum Pectra mainnet upgrade, initially slated for April 2025, has been delayed.
This decision came during Ethereum’s All Core Developers Consensus Call (ACDC) #153 on March 20. It reflects the development team’s cautious approach to ensuring a smooth and stable upgrade process.
Utah Leads 20 US States Aiming to Launch State-Level Bitcoin Reserves, While Trump's 'Crypto Task...
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The race to integrate Bitcoin into state treasuries is heating up. So far, 20 U.S. states have introduced bills aiming to accumulate BTC as a financial asset—but Utah is pulling ahead with real legislative momentum. A new bill, HB 230, just cleared a major hurdle. The “Digital Innovation and Blockchain Amendments” bill, which could allow the state treasurer to allocate public funds into Bitcoin, has now been formally introduced to the Utah Senate’s Revenue and Taxation Committee. Back in January, the bill passed Utah’s House of Representatives with an 8-1 vote, and on February 7, it advanced to the Senate for its first reading. If enacted, up to 5% of Utah’s state funds could be invested in “qualified digital assets”—a category that, under the bill’s criteria, currently includes only one cryptocurrency: Bitcoin. Utah's HB 230 isn’t just about buying Bitcoin...It also lays the groundwork for regulatory oversight, custody protocols, and even permits the treasurer to engage in staking and lending of crypto assets under certain conditions. Additionally, the bill introduces new rules around stablecoin investments, reflecting the broader push to formalize crypto within government finance. The proposal is spearheaded by Utah Rep. Jordan Teuscher. If it keeps gaining traction, the bill could take effect on May 7, 2025. And according to Dennis Porter, CEO of Satoshi Action Fund, Utah is positioned to be the first U.S. state with an official Bitcoin treasury, thanks to its tight 45-day legislative session. This state-level push follows Donald Trump has floating the idea of a Federal Bitcoin Reserve - his 'crypto task force' is already exploring ways to make it happen. In an interview with Bloomberg President Trump says he believes that if the U.S. doesn’t move fast, rival nations will. As Utah moves forward, all eyes are on whether this bill will set a precedent for other states looking to put Bitcoin on their balance sheets.-------#BTC
A whale has deposited 8.6M $OM , worth $63M, into #Binance , making a huge profit of $56.85M after being dormant for 10 months. The whale withdrew these $OM for $6.69M, 10 months ago. The wallet still holds 69,681$OM worth $510k. This article is for informational purposes only. The information provided is not investment advice
🐻 $BTC is one step away from a bear market The guys at CryptoQuant believe that BTC is still in an uptrend, but we are very close to the end of the cycle and moving into a bear market. The signal for the end of the cycle will be a sharp rise in BTC along the parabola and the subsequent altseason, after which it is worth preparing for trouble. #Bitcoin #BTC BTC 100,271.99 -2.09% Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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