Utah proposes law to invest public funds in crypto
Utah introduces a bill allowing public fund investments in crypto, aiming to lead blockchain innovation while ensuring financial oversight.
Utah has introduced a new bill that could allow the state treasurer to invest public funds in digital assets like cryptocurrencies, stablecoins, and NFTs. The proposal, called the Blockchain and Digital Innovation Amendments (H.B. 230), was put forward by State Representative Jordan Teuscher and aims to establish a clear framework for digital asset investments while ensuring regulatory oversight and financial responsibility.
The bill outlines that up to 10% of public funds could be invested in qualifying digital assets. These include assets with a market capitalization…
