#Utah lawmakers propose holding Bitcoin#

Utah Representative Jordan Teuscher has introduced legislation that would authorize the state to invest in "digital assets," including Bitcoin. The proposal would allow the Utah Treasurer to invest in qualified digital assets and establish custody and management requirements for such assets. Additionally, the proposal would set forth regulatory standards for stablecoins and authorize participation in staking and lending under certain conditions. The legislation would pave the way for Utah to invest in Bitcoin and other digital assets and could serve as a precedent for other states across the U.S. The introduction of this proposal signals a growing recognition among government entities of the potential of digital assets and their inclusion in investment strategies.