Utah Strategic Bitcoin Reserve
Current status is IN PROGRESS
House Bill 230 passes House vote 38-34, moves to Senate for consideration
Using rainy day funds, Utah could purchase 11,870 BTC assuming a BTC price of $100,000
Timeline
IN PROGRESS
HB230 passes House with 38-34 vote, becoming first Strategic Bitcoin Reserve bill to clear a full chamber vote
Key Details:
Passed House 38-34 with 3 not voting
Allows up to 5% of designated funds in qualifying digital assets
Requires $500B+ market cap or approved stablecoins
Mandates qualified custodians for custody
Moves to Senate for consideration
IN PROGRESS
HB230 passes committee with super majority vote, becoming the second state to advance a Strategic Bitcoin Reserve bill past committee
Bill: HB0230Read More →PROPOSED
House Bill 230 'Blockchain and Digital Innovation Amendments' introduced to establish framework for state digital asset investments and blockchain innovation
Bill: HB0230Read More →Rainy day fund data source: National Association of State Budget Officers