📰 News Alert:

🔖 Title: Utah pivots away from state Bitcoin reserve in landmark crypto legislation

🗓️ Published: Mon, 10 Mar 2025 13:10:59 +0000

📄 Summary: The Utah State Senate removed a provision for a state-backed Bitcoin reserve from the recently passed crypto bill, aiming to provide clear guidelines for crypto use within the state. The original draft included a provision allowing Utah to allocate up to 5% of public funds toward digital assets, potentially impacting the crypto market. Future implications may involve a more cautious approach to state involvement in cryptocurrencies.