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Arizona's Senate has approved a crucial Bitcoin Reserve Bill as it strives to establish a financial strategy involving cryptocurrencies, while competing with Utah for legislative leadership.
A summary of the recent developments in various states regarding the adoption of cryptocurrencies in public finances.
Utah leads the way in advancing a digital assets bill while Kentucky and Maryland strategize their own efforts, bringing the total to 18 states involved in similar legislative actions.
Utah is positioned to be the first US state to establish a Bitcoin reserve, facilitated by rapid legislative progress and strong political will.
The Utah House committee has sanctioned a bill allowing the state to invest a portion of public funds in cryptocurrencies.
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