Published 20 days ago • loading... • Updated 19 days ago

Utah could be first US state to pass Bitcoin reserve bill: Satoshi Action Fund

Summary by Cointelegraph

Satoshi Action Fund CEO Dennis Porter says Utah is on track to become the first US state to pass a Bitcoin reserve bill.

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BeInCrypto

Utah Likely to Become the First US State with a Bitcoin Reserve

Utah could be the first US state to establish a Bitcoin Reserve, using a fast legislative process and proactive digital asset task force.

19 days ago·Hong Kong

Utah poised to become first US state to establish Bitcoin reserves

Utah legislators could be the first to approve a strategic Bitcoin reserve due to a fast-moving legislative calendar and strong political backing. According to Dennis Porter, the CEO and founder of the Satoshi Action Fund, there’s a high chance that Utah will be housing the world’s first state-level Bitcoin strategic reserve. He based his speculation on the fact that Utah has the shortest legislative window in the US, giving lawmakers just 45 da…

19 days ago

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TECHTELEGRAPH

Utah poised to be first state to pass Bitcoin reserve bill - TECHTELEGRAPH

Satoshi Act Fund founder and CEO, Dennis Porter, is certain that Utah will be the first state to pass a strategic Bitcoin reserve legislation in the U.S. In an interview with Simply Bitcoin and Republican Senator Cynthia Lummis, Porter explained that there are already a total of 11 states that have introduced strategic Bitcoin (BTC) reserve legislations. He predicts the number could even reach 15 states within this year. “We think we’ll get to 1…

19 days ago

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Deythere

Can Utah Become the First U.S. State with a Bitcoin Reserve?

Utah is poised to become the first U.S. state to establish a Bitcoin reserve, signaling a significant shift in how state governments perceive and utilize digital assets. This initiative reflects a broader trend of integrating cryptocurrency into public financial strategies, aiming to harness the benefits of decentralized finance for state economies. Utah’s Legislative Leap into Cryptocurrency On January 28, 2025, Utah’s House Committee on Econom…

20 days ago

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crypto.news

Utah poised to be first state to pass Bitcoin reserve bill

20 days ago

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Crypto News Land

Utah Moves Closer to Becoming First U.S. State to Establish an Official Bitcoin Reserve

Utah's Bitcoin reserve bill advances, aiming to allocate public funds to digital assets. Senator Lummis supports Bitcoin reserves, highlighting its role as a hedge against inflation. Fifteen U.S. states explore Bitcoin reserves, with Utah and Arizona leading the initiative. Utah is considering a bill to create a Bitcoin reserve. The state has only 45 days to make a decision. Dennis Porter, Satoshi Action Fund CEO, believes Utah has a strong cha…

20 days ago

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