Utah leads the race to become the first state in the United States with Bitcoin Reserve – FXSTREET

The rapid legislation of Utah and the year -round cryptocurrency ahead of him in the race to become the first country in the United States with a Bitcoin Reserve.

Utah is about to become the first country in the United States to create a Bitcoin reserve thanks to his A fast-moving 45-day legislative calendar. This short period of time encourages MPs to act quickly, giving an advantage to Utah over other countries in the race for the adoption of Bitcoin at the state level.

The Executive Director of Satoshi Denis Porter’s action Fund believes that Utah is in this competition, pointing out that the state has a unique advantage – its special digital assets group. Unlike the legislature, this working group works throughout the year, allowing continuous planning and strategizing, even when the legislature is not in a session. As the legislative calendar has resumed, these pre -planned initiatives continue to go at full speed.

In the United States, many countries are considering similar reserves of bitcoin. Even former President Trump insisted on a national reserve, although his executive order was not in charge of expectations. Competition between countries and federal efforts to establish a reserve has intensified, but Porter sees Utah as a clear leader.

“There is a strong chance of Utah being the first,” he said in an interview with Senator Cynthia Lummis. “Their legislative calendar is the shortest in the country – only 45 days. This is a sprint for all or nothing and no other country has the same level of political impulse. “

Lummis, a Wyoming Senator and a key player in the federal cryptocurrency legislation, agreed. Although Wyoming is active in regulating digital assets, she acknowledged that Utah is in the best position to launch the first Bitcoin Reserve.

Several factors support this claim. Utah’s legislators presented a Bitcoin reserve proposal at the end of January, and she quickly moved through the committee in a little over a week – faster than most countries deal with such bills.

In addition, Utah has had a special group for digital assets since 2022, which allows for continuous work on crypto policy. While his legislative sessions are short, this working group guarantees that politicians remain in front of the curve. The long -standing prokippoto position of Utah, combined with an effective regulatory structure, makes it an ideal place for a state Bitcoin reserve.

With increasing support and outburst of political energy, Utah may soon finalize this plan. The initiative is seen as a positive signal for the future of BitcoinEven wider market conditions remain unstable. While other political developments have caused the crypto market instability, state -level legislative efforts, which provide a basis for long -term adoption of Bitcoin.