Utah legislation · 2026 General Session
Utah HJR27: Joint Resolution Regarding Digital Asset Custody
Status: Failed, March 6, 2026
This joint resolution encourages custody of digital assets by traditional financial institutions.
What the bill says
From the introduced text, February 16, 2026:
0 Joint Resolution Regarding Digital Asset Custody 2026 GENERAL SESSION STATE OF UTAH Chief Sponsor: Jon Hawkins Senate Sponsor: LONG TITLE General Description: This joint resolution encourages custody of digital assets by traditional financial institutions. Highlighted Provisions: This resolution: - encourages the federal government to adopt a uniform national framework for custody of digital assets by traditional financial institutions; and - calls on the federal government to allow traditional financial institutions to provide custody services for digital assets and partner with regulated cryptocurrency firms. Money Appropriated in this Bill: None Other Special Clauses: None Be it resolved by the Legislature of the state of Utah: WHEREAS, millions of Americans own digital assets, including cryptocurrencies such as Bitcoin and Ethereum, as well as other blockchain-based digital tokens; WHEREAS, there is no uniform federal regulatory framework that allows financial institutions to provide custody services for digital assets; WHEREAS, this lack of a uniform federal regulatory framework has created uncertainty and prevented many traditional financial institutions, including banks and credit unions, from offering safe, regulated custody services for digital assets; WHEREAS, without the involvement of trusted traditional financial institutions, customers face higher risks of fraud, hacking, and mismanagement of digital assets; WHEREAS, traditional financial institutions already provide custody services for other sensitive financial instruments, including stocks, bonds, and other securities; WHEREAS, digital assets …
Sponsors
- Hawkins, Jon (R, 55) · primary sponsor
Latest actions
- : House/ filed
- : House/ strike enacting clause
- : House/ 1st reading (Introduced)
- : House/ received fiscal note from Fiscal Analyst
- : House/ received bill from Legislative Research
- : LFA/ fiscal note publicly available for HJR027
- : LFA/ fiscal note sent to sponsor for HJR027
- : LFA/ bill sent to agencies for fiscal input for HJR027
- : LFA/ bill assigned to staff for fiscal analysis for HJR027
- : Numbered Bill Publicly Distributed
Subjects: Technology, Public Utilities and Technology, Banks, Blockchain, Resolutions, Financial Institutions, Federalism, Data and Cyber Security
Common questions
- What is HJR27?
- HJR27 is a bill in the Utah Legislature (2026 General Session): Joint Resolution Regarding Digital Asset Custody.
- What does HJR27 do?
- This joint resolution encourages custody of digital assets by traditional financial institutions.
- What is the status of HJR27?
- Failed as of March 6, 2026. Latest action: House/ filed (March 6, 2026).
- Who sponsored HJR27?
- Hawkins, Jon (R, 55).
- Where is the official record for HJR27?
- On the Utah Legislature website: https://le.utah.gov/~2026/bills/static/HJR027.html
Source: official Utah record. Tracked by Delilah, AI for legislation across all 50 states and Congress.