Utah legislation · 2025 General Session
Utah HB230: Blockchain and Digital Innovation Amendments
Status: Signed into law, March 25, 2025
This bill creates authority for the state treasurer to invest public funds in certain digital assets.
What the bill says
From the enrolled text:
0 Blockchain and Digital Innovation Amendments 2025 GENERAL SESSION STATE OF UTAH Chief Sponsor: Jordan D. Teuscher Senate Sponsor: Kirk A. Cullimore Cosponsor: Ken Ivory David Shallenberger Kay J. Christofferson Trevor Lee Troy Shelley Tyler Clancy Matt MacPherson Lisa Shepherd Paul A. Cutler Verona Mauga Rex P. Shipp Jennifer Dailey-Provost Logan J. Monson Andrew Stoddard Doug Fiefia Jefferson Moss Jason E. Thompson Stephanie Gricius Angela Romero Raymond P. Ward LONG TITLE General Description: This bill creates authority for the state treasurer to invest public funds in certain digital assets. Highlighted Provisions: This bill: - defines terms; - prohibits state and local governmental entities from restricting the acceptance or custody of digital assets; - establishes the right to operate nodes, develop software, transfer digital assets, and participate in staking on blockchain protocols; - creates exemptions from money transmitter licensing requirements for certain blockchain and digital asset activities; - restricts the ability of political subdivisions to impose sound limitations or zoning restrictions on digital asset mining businesses in industrial zones; and - makes technical and conforming changes. Money Appropriated in this Bill: None Other Special Clauses: None Utah Code Sections Affected: ENACTS: 7-28-101 , Utah Code Annotated 1953 7-28-102 , Utah Code Annotated 1953 7-28-103 , Utah Code Annotated 1953 7-28-104 , Utah Code Annotated 1953 10-9a-541 , Utah Code Annotated 1953 …
Sponsors
- Jordan Teuscher (R, 44) · primary sponsor
- Cullimore, Kirk A. (R, 19)
- Christofferson, Kay J. (R, 53)
- Tyler Clancy (R, 60)
- Paul Cutler (R, 18)
- Dailey-Provost, Jennifer (D, 22)
- Fiefia, Doug (R, 48)
- Stephanie Gricius (R, 50)
- Ivory, Ken (R, 39)
- Lee, Trevor (R, 16)
- MacPherson, Matt (R, 26)
- Verona Mauga (D, 31)
Latest actions
- : Governor Signed
- : House/ to Governor
- : House/ received enrolled bill from Printing
- : House/ enrolled bill to Printing
- : Enrolled Bill Returned to House or Senate
- : Draft of Enrolled Bill Prepared
- : Bill Received from House for Enrolling
- : House/ signed by Speaker/ sent for enrolling
- : House/ received from Senate
- : Senate/ to House
Votes
- Senate/ failed (March 7, 2025): 13 yea, 12 nay, failed
- Senate Comm - Favorable Recommendation (February 20, 2025): 5 yea, 0 nay, passed
- Senate Comm - Amendment Recommendation (February 6, 2025): 3 yea, 0 nay, passed
- House/ passed 3rd reading (January 28, 2025): 71 yea, 0 nay, passed
- House Comm - Favorable Recommendation (January 28, 2025): 11 yea, 0 nay, passed
Subjects: Technology, Public Utilities and Technology, Energy, Planning and Zoning, Blockchain, Political Subdivisions (Local Issues), State Treasurer
Common questions
- What is HB230?
- HB230 is a bill in the Utah Legislature (2025 General Session): Blockchain and Digital Innovation Amendments.
- What does HB230 do?
- This bill creates authority for the state treasurer to invest public funds in certain digital assets.
- What is the status of HB230?
- Signed into law as of March 25, 2025. Latest action: Governor Signed (March 25, 2025).
- Who sponsored HB230?
- Jordan Teuscher (R, 44), with 11 co-sponsors.
- Where is the official record for HB230?
- On the Utah Legislature website: https://le.utah.gov/~2025/bills/static/HB0230.html
Source: official Utah record. Tracked by Delilah, AI for legislation across all 50 states and Congress.