Utah’s Senate, seen by some observers as the favorite to establish a Bitcoin reserve, approved a Bitcoin bill that excluded the provision for the state treasurer to invest in the largest cryptocurrency.
Instead, it provides the state residents with basic custody protections and establishes the right to extract bitcoin (BTC), operate nodes and participate in the rethinking, along with other other provisions.
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The approval of the Senate bill on March 7 means that it now passes to Governor Spencer Gox to be promulgated.
Read more: market experts are involved in the Trump Bitcoin strategic reserve that eliminates $ 17B in potential sales of BTC
