Big news from Utah! The state almost had a plan to put some of its money into Bitcoin, a type of cryptocurrency. Think of Bitcoin like digital gold – it’s online money. But the plan changed!
- Utah lawmakers wanted to invest up to 5% of state money in Bitcoin.
- They decided against it, but still passed a law supporting Bitcoin and other cryptocurrencies.
- The new law protects people's rights to use Bitcoin in Utah.
| Fact | Detail |
|---|---|
| Amount of money considered for Bitcoin | Up to 5% of state funds |
| Bitcoin's market value (to qualify) | Over $500 billion |
| Law effective date | May 7, 2025 |
