#Utah lawmakers propose holding Bitcoin#

Utah State Representative Jordan Teuscher has proposed a bill that would authorize the state to invest in "digital assets," including Bitcoin and other cryptocurrencies. The bill allows the state treasurer to invest in qualified digital assets and establishes asset custody and management requirements. Additionally, the bill outlines regulations for stablecoins and authorizes participation in staking and lending under certain conditions. The bill allows the state to invest up to 10% of state funds in Bitcoin and stablecoins. This move indicates that states across the US are actively exploring the inclusion of cryptocurrencies in their financial strategies and provides a reference point for other states. The proposal also sparks discussions regarding cryptocurrency regulation and risk management, and its future development will be worth watching.