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Utah poised to become first US state to establish Bitcoin reserves

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Dennis Porter , the CEO and founder of the Satoshi Action Fund , believes Utah will be the first state to introduce a strategic Bitcoin reserve.

The bill would allow the state treasurer to allocate up to 5% of certain public funds into cryptocurrencies like Bitcoin .

Porter 's comments came during an interview with Simply Bitcoin and Republican Senator Cynthia Lummis , who has been pushing for a federal Bitcoin reserve initiative.

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