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Utah Moves to Make Bitcoin a Reserve Asset

Coin WorldThursday, Feb 20, 2025 11:11 pm ET

1min read

Utah's HB230 Bill Advances: Bitcoin Set to Become a Reserve Asset with Legislative Approval

In a significant development for the cryptocurrency landscape, Utah is poised to elevate its financial framework with the potential adoption of Bitcoin as a reserve asset. The HB230 “Blockchain and Digital Innovation Amendment” bill successfully cleared the Utah State Revenue and Taxation Committee on February 20th, following a 4-2-1 vote. This legislation denotes a critical step towards enabling state investment in cryptocurrencies, reflecting growing institutional interest in digital assets.

Having already secured passage in the House, the bill now awaits subsequent readings and a vote in the Senate. If it garners approval, Governor Spencer Cox is anticipated to endorse the measure, paving the way for Utah to join the ranks of forward-thinking states embracing blockchain technology. This move could bolster financial resilience and signal a broader acceptance of cryptocurrencies in traditional finance.

Comments

itssobeefy

05/10

OMG!The SLQT stock generated the signal, from which I have benefited significantly!

rvnmsn

05/06

$BILL's platform is a game-changer, watch the rollout

BranchDiligent8874

05/06

Cieri's track record is 🔥, holding $BILL long-term

Rockoalol

05/06

AI-driven SMB growth is the future, let's go

themousethatroar_ed

05/06

@Rockoalol What do you think about BILL's AI roadmap?

HobbyLegend

05/06

AI in fintech is the future. BILL's got the goods to lead, but execution risk is real. Watching closely.

M3Veloce

05/06

@HobbyLegend What's the timeline for BILL's AI rollout?

No5talgicGamer

05/06

@HobbyLegend Agreed, execution risk is a biggie.

shrinkshooter

05/06

AI in fintech is the next moonshot. BILL's got the goods to disrupt. 🚀

-WalkWithShadows-

05/06

OMG!I successfully capitalized on the NVDA stock's bearish movement with Pro tools, generating $128!

ziontheruler

05/06

@-WalkWithShadows- How long were you holding NVDA before selling? Any tips on predicting market swings?

Unfair-Ad-4099

05/06

@-WalkWithShadows- I had NVDA too, sold early. Regret not holding, could've been a big W.

bobpasaelrato

12 hour ago

OMG!the Peak Seeker algorithm successfully identified both trough and apex inflection points in BTC equity's price action, while my execution latency resulted in material opportunity cost.

bigbear0083

11 hour ago

@bobpasaelrato I had a similar issue with latency last month. Missed the dip by a few seconds. It's frustrating, but I'm adjusting my strategy to account for those delays.

RiPFrozone

10 hour ago

@bobpasaelrato How long you hold BTC equity? Any specific entry/exit points you're targeting?

I_killed_the_kraken

05/13

OMG!Those $SMR whale-sized options block were screaming danger! � Closed positions just in time profiting more than $115

SuddenFix2777

05/12

Wow!🚀 SMR stock went full bull trend! Cashed out $274 gains!

LarryFromNYC

05/08

OMG!I profited significantly from the signal generated by MCK stock.

btcmoney420

05/08

@LarryFromNYC I had MCK too, sold early. FOMO hitting hard now, smh.

theArcticChiller

05/08

@LarryFromNYC How long were you holding MCK stocks? Any tips on when to buy or sell?

Dumbinvester99

05/01

OMG!🚀 BTC stock went full bull as tools from Pro benefits. Cashed out $398 gains!

NavyGuyvet

01/16

Compliance's not just a word, it's a way of life when dealing with antitrust. KKR should've kept that in mind.

Outrageous_Kale_3290

01/16

@NavyGuyvet True, compliance's crucial. KKR should've been more careful.

getintocollegern

01/16

Holding $KKR in my portfolio, hoping for a dip.

sesriously

01/16

I'm no lawyer, but it seems KKR's "less is more" approach was more like "less is trouble." Who else saw this coming?

GarlicBreadDatabase

01/16

@sesriously Did you think KKR's compliance was shaky?

Traditional-Jump6145

01/16

The DOJ's going after KKR hard. Could this be a new era for stricter PE regulations? Only time will tell.

Excellent-Win-4625

01/16

I'm long on $TSLA and $AAPL, keeping it safe and legal. KKR's moves make me question their leadership, though.

confused-student1028

01/16

KKR getting slapped by the DOJ is wild. Makes you wonder how many other PE firms are playing fast and loose with the rules. 🚀

CertifiedWwDuby

01/16

@confused-student1028 Totally, KKR's move might spook them.

THenrich

01/16

@confused-student1028 Do you think other PE firms are in trouble too?

Orion_MacGregor

01/16

KKR's moves were sketchy, but was it intentional?

Touma_Kazusa

01/16

$KKR's got some 'plainin' to do. Hope they've got deep pockets, or they might be taking a huge hit here.

googo69

01/16

Private equity firms need to keep it real with premerger filings. KKR's case shows noncompliance can hit hard.

Beetlejuice_hero

01/16

$650M penalty could hurt KKR's bottom line hard

I_kove_crackers

01/16

Antitrust laws matter; KKR should've been more careful.

THenrich

01/16

This could set a precedent for other PE firms. Time to double-check those filings, boys and girls. 📉

dypeverdier

01/16

Private equity gotta play by the rules, right? 🤔

Dynasty__93

01/16

@dypeverdier True, PE firms gotta follow the law.

ConstructionOk6948

01/16

Antitrust scrutiny's a real buzzkill for PE firms. But hey, better safe than $650M sorry.

crentony

01/16

KKR's alleged HSR Act violations could be a major red flag for investors. Are they overlooking potential risks in other areas?

Ok-Swimmer-2634

01/16

@crentony Yeah, KKR's issues could spook investors.

UpbeatBase7935

04/28

OMG!🚀 BTC stock went full bull as tools from Premium benefits. Cashed out $217 gains!

05/18

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05/18

@Rk

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Gnurx

05/18

@Rk 👍

JRshoe1997

05/18

@Rk Ok bro

whatifweallwon

05/17

Wow!the Peak Seeker algorithm successfully identified both trough and apex inflection points in NVDA equity's price action, while my execution latency resulted in material opportunity cost.

Teeemooooooo

05/17

@whatifweallwon I had NVDA too, sold early, ngl hit hard seeing it moon. FOMO is real, should've held or dug deeper into research.

Mowag

05/17

@whatifweallwon How long were you holding NVDA before selling? Curious if you had a specific target or timing in mind.

skarupp

04/26

New pope could shake up renewables; watch Vestas.

Hamlerhead

04/26

VIX spiking like meme stock; stay cautious, fam.

HobbyLegend

04/26

Tourism boom in Rome is wild. Hotels booked solid. But logistical hiccups might hit Vatican revenue. Keep an eye on ticket sales.

threefold_law

04/26

ESG trend ain't stopping; Francis' legacy lives.

serkankster

04/26

Tourism boom = cash rain; watch those margins.

statisticalwizard

04/26

Geopolitical risks got market jitters. New pope might shake things up, especially on climate. Renewable energy could get a boost. 🤔

workinguntil65oridie

04/26

@statisticalwizard Do you think renewables will moon?

googo69

04/26

Remember that time the Vatican's tourism game went 🚀? Now imagine the ESG wave riding that same rocket.

MrJSSmyth

04/26

ESG investing keeps climbing. If the new pope aligns with Francis, expect more flow into green sectors. Long-term gains incoming.

careyectr

04/26

Betting on $TSLA for long-term ESG play.

Liteboyy

04/26

Conclave volatility = market jitters; hold tight.

Charlie Munger

04/26

@Liteboyy Hold tight? Sounds like a plan.

Normal-Yogurt933

04/26

Damn!!🚀 META stock went full bull trend! Cashed out $489 gains!

Therezwb

04/26

@Normal-Yogurt933 How long were you holding META before the bull trend?

Sam__93__

05/16

Wow!Those $AMZN whale-sized options block were screaming danger! � Closed positions just in time profiting more than $135

WallstS

12 min ago

Wow!🚀 AMZN stock went full bull as tools from Pro benefits. Cashed out $336 gains!

Pristine-Pain-6064

05/14

Damn!!🚀 TSLA stock went full bull trend! Cashed out $280 gains!

lh1680691779087

04/24

Yep, Elonia Musk decimating his own

Company…!! Hundreds of the freaking

UGLY Trucks sitting in storage lots

because they can’t sell the freaking UGLY

EXPENSIVE TRUCKS.

How can anyone associate themselves with

A FELON TYRANT MILITARY DRAFT

DODGER WOMANIZER CORRUPT LIAR

LIKE TRUMP…???

surveillance_raven

04/24

@lh1680691779087 👌

stocks-sportbikes

04/24

Wow!TSLA demonstrated textbook-perfect bottom and peak confirmation signals via Peak Seeker framework,with subsequent price movements validating 83.6% predictive accuracy

chrisbaseball7

04/28

Financial sector's buyback pace is on fire lately.

conquistudor

04/28

$TSLA always a wildcard. If they drop buyback plans, it's a red flag. Let's keep an eye on that.

BoomsRoom

04/28

$AAPL could go either way. Buybacks might prop it up, but macro risks loom large.

Nichix8

04/28

Financial sector's on fire with buybacks. Are banks hiding something in their balance sheets?

TailungFu

04/28

Sectors are moving, but I'm cautious. Diversification is still my best friend.

serenity561

04/28

Goldman's numbers look solid, but I'm holding cash ready for dips. Gotta be nimble.

krogerCoffee

04/28

Buyback authorizations at $463.3B? That's some serious cheddar. 🤑

josh252

04/28

Peak buyback week could hit $5B. Is the market priced in already?

Codyofthe212th

04/28

Consumer discretionary buybacks catch my eye. If $AAPL joins in, it might be time to reevaluate portfolios.

chriscontwaz

04/28

@Codyofthe212th What do you think about $AAPL's current valuation?

Eli9105

04/28

Buybacks pumping stocks, but are we just seeing smoke and mirrors? 🤔

Arturs727

04/28

$TSLA could see more buybacks with their cash reserves.

amanoraim

04/28

I'm betting big on industrial sector buybacks driving growth. Infrastructure projects could boom soon.

DJJamesBenjamin

04/28

@amanoraim Do you think infrastructure stocks will rally soon?

HairyBallsOfTheGods

04/28

Goldman's numbers are bullish, but I'm cautious this quarter.

AdCommercial3174

04/28

Consumer discretionary buybacks signal confidence, but what about the average Joe's wallet?

Longjumping_Rip_1475

04/28

Buybacks boost liquidity, but are they just propping up stock prices or actually benefiting shareholders? 🤔

Floriaskan

04/25

Holy!🚀 GTC stock went full bull trend! Cashed out $340 gains!

Aimer1980

16 hour ago

Holy!MSTF demonstrated textbook-perfect bottom and peak confirmation signals via Peak Seeker framework,with subsequent price movements validating 83.6% predictive accuracy

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.