#Utah lawmakers propose holding Bitcoin#

Utah state representative Jordan Teuscher has introduced 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 establish asset custody and management requirements. Additionally, the bill would establish regulations for stablecoins and authorize participation in staking and lending under certain conditions. The introduction of this bill signifies Utah's active exploration of incorporating Bitcoin into its treasury reserves. The passage of this bill would set a precedent for other states and potentially encourage more state governments to include Bitcoin in their asset allocation strategies.