Utah News

Utah lawmakers have passed a Bitcoin bill after amending it to remove a section that would have authorized the state treasurer to invest in Bitcoin.

Montana’s House of Representatives voted 41-59 against a bill that could have seen the US state establish a Bitcoin reserve.

Legislation that would allow Utah to invest in Bitcoin has been passed by a state Senate subcommittee and has already made it through the House.

A bill that would give the Utah treasurer the power to buy BTC and other high-cap crypto assets with public funds is on its way to the Senate.

Utah’s Bitcoin reserve bill could be the first of its kind to pass at the state level in the US because of its shorter legislative window to decide on bills, says a Bitcoin advocate.

The bill now needs to pass by majority vote in Utah’s House and Senate before being approved by state governor Spencer Cox, who appears to be pro-crypto.

71 Democrats joined their Republican colleagues in a rare bipartisan effort to repeal the SEC’s SAB-121 guidelines from earlier this year.

A judge ordered the U.S. Securities and Exchange Commission to pay $1.8 million following “bad faith conduct” over a temporary restraining order to freeze DEBT Box’s assets.

The civil lawsuit initially filed by the commission in 2023 ended on May 28, with a judge ordering the SEC to pay attorney and receivership fees.

Vivek Ramaswamy and Ron DeSantis quit the U.S. presidential race, while Donald Trump promised to “never allow” a CBDC in the country.

The SEC initially misled a court to freeze Debt Box’s assets, which has since been reversed, with the firm citing the incident as grounds to dismiss the suit.

How the Utah DAO Act went from an idea to a piece of legislation — and the challenges along the way.

The Utah State Legislature passed the Utah DAO Act, granting DAOs legal recognition and limited liability protections.

The United States Securities and Exchange Commission said Green United’s operation was a fraud, with the community quick to quell fears of the SEC classing crypto mining as a security.

Some of the primary duties assigned to the task force involve making policy recommendations related to blockchain and related technologies.