Articles for tag: Digital Assets, economic growth, HB230, Jordan Teuscher, public funds investment, state treasurer, Utah cryptocurrency bill

January 30, 2025

Will Utah Soon Invest in Cryptocurrency? Exploring Potential Opportunities and Impacts on the State’s Economy

A new bill in Utah, known as HB230, aims to allow the state treasurer to invest up to 5% of specific public funds in cryptocurrency, with a focus on ‘qualifying digital assets’ that have a Market cap of $500 billion or more. The House Economic Development and Workforce Services Committee backed the bill, which will ...

January 28, 2025

Market News

Crypto

Arizona Senate Committee Greenlights Strategic Bitcoin Reserve Bill for Financial Innovation

Arizona’s Senate Finance Committee has recently approved a significant bill that allows public funds to be invested in Bitcoin and other cryptocurrencies. This legislation permits up to 10% of public funds, including those from the state treasurer and retirement systems, to be allocated towards virtual currencies. Co-sponsored by Wendy Rogers and Jeff Weninger, the bill ...