Utah on the way to the first strategic Bitcoin reserve of the USA: Law in the House of Representatives adopted

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Utah auf dem Weg zur strategischen Bitcoin-Reserve In den USA scheinen die Bundesstaaten um die Vorreiterrolle bei der Einführung strategischer Bitcoin-Reserven zu konkurrieren. Utah hat nun einen wichtigen Schritt in diese Richtung gemacht, da ein entsprechendes Gesetzesvorhaben im Repräsentantenhaus genehmigt wurde und sich nun in Richtung Senat bewegt. Fortschritte für Utahs strategische Bitcoin-Reserve Dennis Porter, der Gründer und CEO des Satoshi Action Fund, äußerte sich optimistisch bezüglich der Fortschritte Utahs in der Schaffung einer strategischen Bitcoin-Reserve. Auf der Plattform X verkündete er die Entscheidung des Repräsentantenhauses mit dem Hinweis, dass das Gesetz nun auf dem Weg in den Senat sei. …
Utah on the way to the strategic Bitcoin reserve in the United States seems to compete for the pioneering role in the introduction of strategic Bitcoin reserves. Utah has now taken an important step in this direction, since a corresponding legislative project in the House of Representatives has been approved and is now moving towards Senate. Advances for Utah's strategic Bitcoin reserve Dennis Porter, the founder and CEO of the Satoshi Action Fund, expressed an optimistic manner of Utah's progress in creating a strategic bitcoin reserve. On the X platform he announced the decision of the House of Representatives with the indication that the law was now on the way to the Senate. ... (Symbolbild/KNAT)

utah on the way to the strategic bitcoin reserve

In the United States, the states seem to compete in the introduction of strategic Bitcoin reserves. Utah has now taken an important step in this direction, since a corresponding legislative project in the House of Representatives has been approved and is now moving towards Senate.

progress for Utah's strategic bitcoin reserve

Dennis Porter, the founder and CEO of the Satoshi Action Fund, expressed itself optimistically with regard to Utah's progress in creating a strategic bitcoin reserve. On platform X, he announced the decision of the House of Representatives with the indication that the law was now on the way to the Senate.

Although Porter has achieved some successes in the Bitcoin community, his reputation is considered controversial. While some praise him for his efforts, there are also critics who consider him opportunists. Porter is often criticized to share content or documents that have previously been published by others. He also regularly announces groundbreaking developments that later turn out to be less significant. These repeated disappointments seem to weaken trust within the Bitcoin community.

The law to create a Bitcoin reserve is only the latest of several initiatives that aim at a serious deal of cryptocurrencies. It remains to be seen whether a state of Bitcoin will actually include in its reserves.

utah as possible pioneer

In a current interview, Porter believed that Utah will be the first state in the United States to build a Bitcoin reserve. He argues that Utah only has 45 days to make a decision about the law. Now the decision lies with the Senate of Utah, which has to vote on the law. A simple majority is required for an assumption before the governor can decide on the final decision. The governor has the opportunity to sign the law or to take a veto.

In the coming weeks, clarity could be over the decision in Utah. If Utah actually begins to include Bitcoin in his reserves, this would be a significant milestone for cryptocurrency.

It is important to note that Utah should not be underestimated economically. In 2024 the state recorded a real gross domestic product (GDP) of $ 225.5 billion, which underlines its economic importance.