Utah May Become First US State to Have Bitcoin Reserve
according to Satoshi Dennis Porter, chief executive of Utah Action Fund, led the establishment of a Bitcoin reserve contest in the United States. Potter claims that the state’s short legislative calendar encourages fast action.
In addition, Utah also has a digital asset working group that can continue to operate outside the calendar. The work team actively coordinated the strategy of Bitcoin reserves, and the reserve will be eager to take action when the normal schedule recovers.
How often can Utah establish bitcoin reserves?
this Establish a Bitcoin reserve competition It has been heating in 15 states in the United States. President Trump Promise to build such a reserve In campaign activities, but His “encrypted reserve” administrative order A little short.
Nevertheless, the state and the federal level are still striving for the creation of Bitcoin reserves, and Dennis Porter, chief executive of the Satosi Action Fund, bets that it is the first.
“There is a good shot that Utah will be the first, because they have such a short legislative calendar. There are only 45 days. It either sink or swim within 45 days. interview Cynthia Lummis, Cynthia Lummis.
Cynthia Lummis One Leaders in the extensive campaign of federal legislative effortsEssence However, she agreed to Potter’s assessment that Utah will be the first Bitcoin reserve to have her own Bitcoin, rather than the state of Wyomming.
Utah has some advantages in this game In front of it Several other initiativesEssence Utah Legislator Posted by Bitcoin reserves Late January Committee In more than a week.
This is much faster than most US states. However, Potter pointed out another key advantage. State Maintaining the digital asset work team since 2022Essence
In other words, the country may have a brief legislative meeting, but the representative can use the working group as a unit that formulates strategies outside the meeting.
Utah has been a pro -Katto country for many years, and its economic policies and guardrails may be more prepared for Bitcoin reserves than any other state. With fast political willpower, it can achieve these plans.
These programs are looking for The price of Bitcoin is quite optimisticEssence Even Other political development has caused damage In the encryption market, such legislation strives to help protect BTC momentum.
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