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March 10, 2025

Utah’s Blockchain Bill Moves Forward Without Bitcoin Reserve Provision

Utah’s legislative body has taken a decisive step in advancing its blockchain initiatives. Recently, lawmakers removed a controversial Bitcoin reserve provision from the bill. However, the state remains committed to embracing blockchain technology. The updated legislation aims to promote innovation while addressing concerns about fluctuating cryptocurrencies. This decision reflects a pragmatic approach towards digital assets, ensuring continued support for blockchain development in Utah. The focus now will shift towards creating a regulatory environment that promotes growth while safeguarding investment interests.

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