#Utah lawmakers propose Bitcoin reserve#

Utah State Representative Jordan Teuscher has proposed a bill that would authorize the state to invest in digital assets, including Bitcoin. The bill would allow the Utah State Treasurer to invest in "qualified digital assets" and would establish custody and management requirements for those assets. Additionally, the bill would set regulations for stablecoins and authorize participation in staking and lending under certain conditions. The proposal marks a significant exploration of digital asset investment by a state government in the United States and could serve as a model for other states. If passed, the bill would provide Utah with new investment opportunities and could position the state as a leader in the digital asset space.