The Utah Senate recently passed a Bitcoin bill, notable for its omission of a clause allowing the state treasurer to invest in Bitcoin. Instead, this legislation offers basic custody protections for residents of Utah, along with the right to mine Bitcoin, operate nodes, and engage in staking, among other provisions.

Key Points to Note:

• The bill was seen by many as a step forward for Utah, which had been recognized as a potential leader in establishing a Bitcoin reserve among U.S. states.
• The legislation now awaits the signature of Governor Spencer Gox to become law.