The state of Utah has passed its Bitcoin bill but has dropped the Bitcoin reserve plan. The approved bill protects mining, staking, and self-custody rights. The bill now awaits Governor Cox’s signature, after which it will become effective starting May 2025. On March 7, 2025, Utah lawmakers took a significant step toward integrating cryptocurrency into the state’s legal framework by passing HB230, the “Blockchain and Digital Innovation Amendments” bill . However, the legislation, approved by the Senate in a 19-7-3 vote , no longer includes its original groundbreaking provision to establish a state Bitcoin reserve. Instead, it focuses on fostering a supportive environment for blockchain technology and protecting residents’ rights to engage with digital assets. The bill now awaits the signature of Governor Spencer Cox, who has not yet indicated his stance. If signed into law, it will take effect on May 7, 2025, making Utah a progressive player in the US cryptocurrency landscape, e...