Wu Blockchain (@WuBlockchain): Utah’s H.B. 230 Blockchain and Digital Innovation Amendments received a favorable recommendation from the House Committee on January 28, 2025 (EST), m…
Estimated coin impact
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Utah’s H.B. 230 Blockchain and Digital Innovation Amendments received a favorable recommendation from the House Committee on January 28, 2025 (EST), making Utah the second U.S. state to pass such legislation through committee. The bill allows state treasurers to invest a portion of public funds in qualifying digital assets while setting requirements for asset custody, management, and compliance. State treasurers may invest in qualifying digital assets with a market capitalization exceeding $50 billion, capped at 5% of each account’s total funds. le.utah.gov/Session/2025/b…