The Utah House of Representatives in the United States has 'passed the BTC Reserve Bill.' The next step is to pass the Senate. Will the first BTC reserve state be born soon?

According to Cointelegraph reported yesterday (7), the US Utah House of Representatives has passed a bill on the establishment of BTC strategic reserves, which has been transferred to the state Senate for consideration. Meanwhile, U.S. Representative Ben Keathley of Missouri also introduced a bill 1217 on February 6, recommending that Missouri include BTC in its portfolio. (Summary: Trump signed executive order to promote the first sovereign wealth fund in the United States, paving the way for BTC reserves? (Background addition: The biggest tipping point in the market this year: When will the US government launch the BTC reserve program? According to Cointelegraph reported yesterday (7), the US Utah House of Representatives has passed a bill on the establishment of BTC strategic reserves, which has been transferred to the state Senate for consideration. It is understood that Utah Rep. Jordan Teuscher introduced a Block Chain and Digital Innovation Amendment (HB230) on January 21, which plans to give the Utah Treasury Secretary the authority to invest up to 5% of specific public funds in eligible digital assets, including BTC, Cryptocurrency with a higher Market Cap, and stablecoins. If the Utah Senate vote is passed and signed by the governor, we may soon see the first state government in the United States to invest public funds in the purchase of BTC! If the bill also passes the state Senate, it will be sent to the governor for signature: Signature: becomes law. Veto: If the governor vetoes, the bill needs to be returned to the state legislature, and a two-thirds majority is usually required to override the veto. Missouri plans to establish a BTC reserve fund On the other hand, U.S. Representative Ben Keathley of Missouri also introduced a bill 1217 on February 6, recommending that Missouri include BTC in its portfolio to counter the risk of Fiat currency inflation. In the proposal, Keathley's specific recommendations include: proposing the creation of a BTC strategic reserve fund overseen by the state treasurer, while accepting BTC donations from government agencies and Missouri residents; Require all government agencies in Missouri to accept cryptocurrency payments, including taxes, penalties, and other compliance payments; Develop a long-term BTC holding strategy for Missouri; Empower state treasurers to invest in BTC with state government funds. U.S. states actively promote the establishment of BTC reserves Due to US President Trump's friendly attitude towards cryptocurrency, the probability of realizing the vision of "the United States to establish BTC strategic reserves" has been greatly improved; At the same time, Wyoming Republican Senator Cynthia Lummis, who has long supported cryptocurrency and recommended that the United States buy 1 million BTC within five years at last year's Bitcoin 2024 conference, was also elected as the chairman of the Senate Bank Digital Assets Group on January 23, further enhancing the possibility of the United States building BTC reserves. Although the central government of the United States usually moves more slowly, there are already several states in the United States that are actively promoting the process of building BTC reserves, such as: The news came out of Arizona at the end of last month that the State Senate Finance Committee passed a bill on using state public funds to invest in cryptocurrency currencies such as BTC by a 5:2 vote on January 27. Early last month, the US states of North Dakota and New Hampshire successively proposed to use state public funds to invest in digital assets such as BTC and precious metals. New Mexico also introduced legislation (SB57) on February 4, proposing to invest 5% of public funds in BTC. … According to Bitcoin Reserve Monitor data, 15 states have introduced bills proposing the creation of BTC reserves. Arthur Hayes warns: BTC reserves "fear of political nuclear weapons" Democratic victory or close all positionsdumping Depth Think: Will the dollar really collapse? Should the US build BTC reserves? Encryption Czar David Sacks established a "new era of Trump": is studying BTC reserves, digital assets, stablecoins will make the dollar greater (the US Utah House of Representatives "passed the BTC Reserve Act" next step through the Senate, the first BTC reserve state will soon be born? This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".