UTAH legislators approve the modified bill on Bitcoin

• Utah’s state approved its bill on Bitcoin, but abandoned Bitcoin’s reserve plan.
• The approved bill protects mining, participation and self -system.
• The bill now expects the signing of Governor Cox, after which it will enter into force as of May 2025.

On March 7, 2025, UTAH legislators took an important step towards the integration of cryptocurrencies into the legal framework of the State by approving The HB230 Law, the bill “amendments to digital innovation and block chain” .

However, legislation, approved by the Senate in a Voting of 19-7-3 no longer includes its original innovative disposition to establish a state Bitcoin reserve.

Instead, it focuses on promoting an environment of support for blockchain technology and protecting the rights of residents to interact with digital assets.

The bill now expects the signature of Governor Spencer Cox, who has not yet indicated his position. If it becomes law, it will enter into force on May 7, 2025, which will make Utah a progressive actor in the Cryptocurrency panorama of the United States. UU., Even without the reserve clause that once promised to turn it into a pioneer.

The Bitcoin reservation dispute

Initially presented by the representative Jordan Teuscher and sponsored in the Senate by Senator Kirk A. Cullimore, the HB230 aimed to position Utah as the first state of the US. UU. In having bitcoin in his treasury.

The original proposal allowed the State Treasurer to invest up to 10% of certain public funds in Bitcoin (BTC), a measure that could have involved millions of accounts such as the General Fund and the Budget Stabilization Fund.

This clause survived the previous votes, which generated hopes among the defenders of cryptocurrencies, but failed to pass the third reading.

During the third and last reading of the Senate, legislators eliminated the provision of reserve of the bill, and Senator Cullimore recognized the change in the plenary of the Senate, citing concerns that Utah was one of the first to adopt such a bold financial policy.

Subsequently, the House of Representatives agreed with the amendment in a vote of 52-19-4, which reflects a cautious retreat from the idea of ​​investment in Bitcoin administered by the State.

Approved bill protects Utah cryptocurrency holders

Despite eliminating the reserve clause, the HB230 retains important provisions that reinforce the Utah blockchain ecosystem.

The approved legislation guarantees that residents can guard their digital assets themselves without interference from the State, a key victory for individual freedom in cryptographic space.

The right to undermine Bitcoin also safeguards, operate blockchain nodes and participate in staking, fundamental activities for the decentralized nature of cryptocurrencies. These measures are aimed at empowering the inhabitants of Utah and attract innovators from Blockchain to the State.

When clarifying the legal terms related to digital assets and prohibiting restrictive regulations, the bill feels the basis for growth in this emerging sector.

Supporters argue that the bill balances safety innovation, positioning Utah as a potential center for business related to cryptocurrencies.

25 of the 31 Bitcoin reserve tickets remain active in the US.

Utah’s legislative tour reflects a national impulse towards Bitcoin’s integration. S

Well, the State took a step back in their reserve ambitions, Arizona and Texas are promoting similar bills, having approved the voting of the Senate Committee.

According to Bitcoin Laws data, 25 of the 31 Bitcoin reserve law presented throughout the United States are still active, 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, creating a strategic Bitcoin reserve using seized assets.

This measure, together with neutral acquisition plans from the budgetary point of view, underlines a growing acceptance of Bitcoin (BTC) both at the state and national level.

Utah’s amended bill, although less ambitious, is aligned with this trend in prioritizing citizen participation on direct state investment.