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- 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas, - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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A First for Bitcoin from a US State: One Final Step to Reserve Approval! - Coin Bulletin
Utah has passed a bill in the House of Representatives that authorizes the investment of a portion of public funds in Bitcoin and other crypto assets, sending it to the Senate. This step is a first in the United States.
Utah has taken an important step towards creating Bitcoin reserves, breaking new ground in the United States. The "Strategic Bitcoin Reserve" bill, which passed the House of Representatives, has now been submitted to the Senate for approval.
Dennis Porter, founder and CEO of Satoshi Action Fund, said on February 6th, "The 'Strategic Bitcoin Reserve' bill in the state of Utah has officially passed the House of Representatives. Now it's up to the Senate."
The Economic Development Committee of the Utah House of Representatives approved the HB230, the bill on Blockchain and Digital Innovation Changes, with 8 votes in favor and 1 vote against in the vote held on 28th of January.
In a recent interview, Dennis Porter said, "We definitely believe that Utah will be the first state to pass this type of law." If the bill is sent to the Senate and receives a majority vote, it will be presented to the governor for his signature. The governor's approval or veto is expected.
The only state approaching the approval stage of a similar bill is Arizona. The Strategic Bitcoin Reserve Act (SB1025), jointly introduced by Senator Wendy Rogers and Representative Jeff Weninger, passed the Senate Finance Committee on January 27 and is now awaiting a vote in the House of Representatives.
On the other hand, New Mexico became the latest state to propose a strategic Bitcoin reserve with the SB57 bill introduced by Senator Ant Thornton on February 4th. The "Strategic Bitcoin Reserve Act" proposes allocating 5% of public funds to Bitcoin.