Digital Assets Bill Approved in Utah

Utah House Committee Approves Bill for Digital Asset Investments

• The Utah House Committee on Economic Development approved H.B. 230.
• The bill focuses on Blockchain and Digital Innovation Amendments.
• It allows public funds to be invested in eligible digital assets.
• The committee passed the bill with an 8-1 vote.

Utah’s H.B. 230, which permits investment of public funds in digital assets, received approval from the House Committee on Economic Development with an 8-1 vote.