The legislator of Utah approves the changed Bitcoin calculation

• The state of Utah has passed its Bitcoin bill, but reduced the Bitcoin Reserve plan.
• The approved invoice protects mining, mining and self-violation rights.
• The legislation is now waiting for the signature of governor Cox, according to which it will be effective from May 2025.

On March 7, 2025, the legislators of Utah took an important step into the Integration of cryptocurrency into the legal framework of the state by passing HB230, the "Blockchain- and Digital Innovation Amendments" Bill .

The legislation approved by the Senate in A, which was approved by the Senate 19-7-3 Refrigid provision for the establishment of a state -owned Bitcoin reserve. Instead, it focuses on promoting a supportive environment for blockchain technology and the protection of the rights of the residents to deal with digital assets.

The law now is waiting for the signature of governor Spencer Cox, who has not yet given his attitude. If it is signed in the law, it will come into force on May 7, 2025, which makes Utah a progressive player in the US cryptocurrency landscape, even without the reserve clause that once promised to make it a pioneer.

The Bitcoin Reserve competition

The HB230 was initially introduced by representative Jordan Teuscher and sponsored in the Senate by Senator Kirk A. Cullimore, HB230, to position Utah as the first US state, the Bitcoin held in its treasury.

The original proposal enabled the state treasurer to invest up to 10% of certain public funds in Bitcoin (BTC), a step in which millions from accounts such as the general fund and the budget stabilization fund can be associated. This clause survived earlier voices and hoped for hopes for Krypto supporters.

During the third and last reading of the Senate, the legislators deployed the reserve determination of the draft law. Senator Cullimore recognized the change in the Senate and conducted concerns that Utah is an early user of such a brave financial policy.

The house later agreed with the change in a vote of 52-19-4, which reflects a careful retreat from the state-managed Bitcoin investment idea.

approved invoice protects the crypto holder of Utah

Despite the removal of the reserve clause, HB230 retains significant provisions that strengthen Utah's blockchain ecosystem.

The approved legislation ensures that the residents can give their digital assets themselves without a state interference themselves, an important profit for individual freedom in the crypto room. It also protects the right to reduce Bitcoin, to operate blockchain nodes and to take part in the socket -activities that are of central importance for the decentralized nature of cryptocurrencies.

These measures aim to strengthen Utahns and to win blockchain innovators into the state. By clarifying legal terms in connection with digital assets and the prohibition of restrictive regulations, the draft law forms a basis for growth in this emerging sector.

supporters argue that Bill Innovation is sure to reconcile and position Utah as a potential hub for crypto -related companies.

25 of 31 Bitcoin reserve invoices remain active in the USA

utah's legislative journey reflects a nationwide move towards Bitcoin integration. While the state resigned from its reserve ambitions, Arizona and Texas perform similar legislation after they have passed the votes of the Senate Committee.

According to Bitcoin Laws, 25 out of 31 Bitcoin Reserve Bills have activated in the USA, and states such as Illinois and New Hampshire are also in the race.

At the federal level, President Donald Trump signed an executive order on March 7, 2025, in which a strategic Bitcoin reserve was created with confiscated assets. This step, coupled with plans for budget -neutral acquisitions, underlines growing acceptance of Bitcoin (BTC) at both a state and national level.

The changed legal template of Utah corresponds less ambitious, but corresponds to this trend by priorizing citizen participation against direct government investments.