Story Highlights
- Utah passes a Bitcoin bill but exempts a state investment requirement. 🙅♂️💰
- The bill ensures people’ digital asset custody rights. 🔒💻
- Bitcoin trading at $78K despite market volatility. 📉🚀
Utah 🌵 has made history! Yup, you heard right! They’re the first U.S. state to pass a Bitcoin bill, shaking up crypto regs like a 🎩 magician at a kid’s birthday party!
HB230, aka “Blockchain and Digital Innovation Amendments” 📜, aimed to make Utah the first U.S. state to invest in Bitcoin for its treasury. But then, lawmakers got cold feet 🦶 and nixed the reserve clause before the final vote. Guess they didn’t want to play roulette with the state’s dough 🥧.
Utah, the Bitcoin Bill Pioneer 🏆
The Utah Senate played hot potato with the reserve clause, tossing it out before the final reading. Maybe the volatility and regulatory uncertainty gave them a bad case of the jitters? 🤐…
But hey, the bill still passed! So, it’s a step forward for Bitcoin in the mainstream. Other states might follow suit, and we could see a Bitcoin ripple effect across the 🇺🇸. Just imagine if every state had its own Bitcoin stash! 🤑
Now, let’s talk numbers. Bitcoin is hanging around $82K, down 4.23% in the last 24 hours. Traders are feeling the bear hug 🐻, but who knows what tomorrow brings? At the time of writing, BTC is at $78,210. 📈…
Up north in 🇨🇦, Prime Minister Mark Carney’s skepticism about Bitcoin has tongues wagging about a crypto policy shake-up. With global governments tweaking their crypto stance, regulatory clarity could be the key to Bitcoin’s future. 🔑…
So, while Utah took a cautious approach, the Bitcoin reserve trend is picking up steam. We might just see more states and feds jumping on the Bitcoin bandwagon soon. 🚀…
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2025-03-10 23:37