Utah has passed its Bitcoin reserve bill through the Senate Revenue and Taxation Committee, putting Bitcoin one step closer to becoming one of the state’s reserve assets. The HB230 “Blockchain and Digital Innovation Amendments” bill passed Utah’s revenue and taxation subcommittee in a 4-2-1 vote on Feb.

A bill that would create a Bitcoin strategic reserve in the United States members state of Utah just progressed to a Senate committee.

Montana's rejection of a Bitcoin reserve bill highlights the diverse approaches US states are taking toward cryptocurrency investment legislation, with some advancing similar proposals while others exercise caution.

Utah’s Bitcoin strategic reserve bill, “H.B. 230” is now one step closer to getting approved. After passing the House last month in an 8 to 1 vote, it moved to the Senate Revenue and Taxation Committee on Tuesday.

Montana has blazed a trail, becoming the fourth U.S. state to push a Bitcoin reserve bill through to the House. On February 19, Montana’s House

Montana is the latest state in the US to see a bill being rejected which aimed to invest public funds in Bitcoin.

Montana’s House rejected Bill No. 429 to designate Bitcoin as a state reserve asset, with 41 votes in favor and 59 against.

Montana’s House Business and Labor Committee has passed a bill that could open the door for Bitcoin and other cryptos to become reserve assets after a BTC strategic reserve bill passed the subcommittee level.