Utah: Crypto Task Force and Legislation

Task force: Past or unclearReserve: None foundKiosks: LawNeeds follow-up check

Task force or study body Confirmed

Blockchain and Digital Innovation Task Force · Status unclear

• Created by: H.B. 335 (2022 General Session), codified at Utah Code 36-29-109. Sponsored by Rep. Jordan D. Teuscher with Sen. Kirk A. Cullimore as floor sponsor; passed the House 72-0-3 (Feb. 17, 2022) and Senate 25-0-4 (Mar. 2, 2022), signed by the Governor Mar. 24, 2022 (Laws of Utah 2022, ch. 363), effective May 4, 2022. (Our earlier record gave a mid-April signing and July 1 effective date; the legislature's bill page shows the dates above.)
• Organized by: Utah Legislature (appointments by Senate President, House Speaker and Governor, plus the State Treasurer and Attorney General). The Treasurer's boards page says the Division of Finance provides support.
• Led by: By statute the appointed senator and appointed representative serve as cochairs. Sen. Kirk Cullimore and Rep. Jordan Teuscher presented the task force's annual report to the Business and Labor Interim Committee on Nov. 16, 2022 (committee minutes), and the Legislature's Nov. 2022 Interim Highlights attributes that report to the 'task force chairs'; we therefore read them as the 2022 cochairs. We found no later leadership information (latest source: Nov. 2022).
• Members: Per the enrolled statute: the Senate President appoints one senator, two people with blockchain, cryptocurrency, fintech or digital-innovation experience, and up to two others; the Speaker makes parallel appointments from the House; the Governor appoints two experienced people and up to three others; the State Treasurer and Attorney General (or designees) also serve. A majority is a quorum. No named member list found.
• Outputs and timeline: Annual report due Nov. 30 to the Business and Labor Interim Committee and Legislative Management Committee. The 2022 report was presented Nov. 16, 2022; the Legislature's summary says a subcommittee reviewed sandbox changes and amendments to the Money Transmitters Act (broader exemptions drawing on FinCEN guidance), and the task force discussed a blockchain arbitration framework with 'sheriff' nodes and the idea of a state crypto wallet. We did not find 2023 or 2024 reports.

Sources: H.B. 335 (2022) enrolled text (read), H.B. 335 bill page - sponsors, votes, signing, Business and Labor Interim Committee minutes, Nov. 16, 2022, Utah Legislature Interim Highlights, Nov. 2022, Utah State Treasurer - boards and commissions (still lists the task force; page date unknown), H.B. 163 (2024) bill page - sunset extension, not passed, H.B. 163 (2024) fiscal note

Best reading: the task force was created in 2022 and, on the evidence we could open, reached its Nov. 30, 2024 repeal date without an enacted extension, so it appears to have ended. We have not confirmed this against the current Utah Code, and the Treasurer's page still lists the task force. We found no source saying the task force follows The Digital Chamber's model bill.

Bitcoin or digital asset reserve law Confirmed

Utah has not enacted a digital asset reserve or public-funds crypto investment authority. H.B. 230 (2025), 'Blockchain and Digital Innovation Amendments' (Rep. Jordan Teuscher; Sen. Kirk Cullimore), originally included state treasurer authority to invest in qualifying digital assets, which a bill-tracking profile says was dropped in the third substitute dated March 7, 2025. The enrolled bill, signed March 25, 2025 and effective May 7, 2025, enacts only Utah Code 7-28-101 to -104, 10-9a-541 and 17-27a-536 and contains no treasurer investment section; its general description still mentions treasurer investment, a drafting leftover. We read the enrolled text and the S03 substitute. We found no 2026 Utah reserve law.

Sources: H.B. 230 (2025) enrolled text (read), H.B. 230 third substitute (S03), read, CryptoSlate - H.B. 230 public-funds regime not enacted (secondary), Decrypt - Utah passes blockchain bill, drops bitcoin reserve provision (secondary, seen in search results)

Licensing Confirmed

S.B. 213 (2019) amended the Money Transmitter Act (Utah Code 7-25) so that 'money transmission' excludes blockchain tokens. H.B. 230 (2025) enacts Utah Code 7-28-104, exempting certain blockchain activities (running nodes, self-custody transfers, staking) from money transmission licensing. No dedicated crypto license was found. In 2026, S.B. 173 'Cryptocurrency Amendments' (Sen. Brady Brammer) proposed licensing and registering kiosk operators under the Money Transmitter Act; we have not confirmed its outcome, and the enacted kiosk law (H.B. 72) instead uses reporting and consumer-protection rules with no licence. We found no published position of the Division of Financial Institutions or an Office of Innovation on virtual currency beyond these statutes.

Sources: S.B. 213 (2019) amended text, H.B. 230 (2025) enrolled text, S.B. 173 (2026) as introduced

Crypto kiosks (ATMs) Confirmed

Utah regulates but does not ban kiosks. H.B. 72 (2026), 'Criminal Use of Cryptocurrency Amendments' (Rep. Ryan Wilcox; Sen. Brady Brammer), was signed March 25, 2026 and took effect May 6, 2026, creating Utah Code 13-82 for virtual currency kiosks. It sets per-customer daily limits ($2,000 in the three days after a customer's first transaction, $5,000 afterwards), requires disclosures, fraud warnings in English and Spanish, receipts stating the refund policy, 24/7 toll-free support, records and audit access, an annual report of kiosk locations and notice within 30 days of adding or removing a kiosk. It has no licensing or registration requirement. The Division of Consumer Protection (Department of Commerce) enforces it, with administrative fines up to $2,500 per violation, and violations are deceptive acts under the Consumer Sales Practices Act. The Division said it would draft rules after May 6, 2026. The same bill requires local law enforcement agencies to have an officer complete cryptocurrency investigation training from July 1, 2026.

Sources: H.B. 72 (2026) enrolled text (read), Utah Division of Consumer Protection - Virtual Currency Kiosk Regulation, Orrick - Utah enacts crypto consumer protection and training, Apr. 16, 2026 (secondary)

Industry groups (non-governmental)

• No Utah state blockchain association confirmed: We searched for a Utah blockchain council, association or coalition and found none we could verify; search results surfaced only event listings and legislative materials. Utah is not among the known NABA member states we were given. We did not find a source saying the Utah task force follows The Digital Chamber's model bill.

Other 2025 to 2026 actions

• 2026-03-25: H.B. 72 signed (effective May 6, 2026): consumer-protection rules and reporting for crypto kiosks, enforced by the Division of Consumer Protection, plus law enforcement crypto-investigation training.
• 2025-05-07: H.B. 230 (2025) took effect (signed Mar. 25, 2025): bars state and local governments from restricting digital-asset payments and self-custody, recognizes rights to run nodes and stake, exempts those activities from money transmitter licensing, and limits local zoning/noise restrictions on large mining in industrial zones. The proposed treasurer investment authority was removed before passage.
• 2024-03-01: H.B. 163 (2024), which would have extended the Blockchain and Digital Innovation Task Force to Nov. 30, 2027, was filed in the House as not passed.
• 2022-03-24: H.B. 335 (task force) signed; 2022 session also produced H.B. 456 (Division of Finance to accept crypto for taxes and fees through a third-party provider) and S.B. 182 (digital-asset definitions), as reported in a secondary source.

Sources: H.B. 72 enrolled text, Division of Consumer Protection, H.B. 230 enrolled text, CryptoSlate (secondary), H.B. 163 bill page, Fiscal note, H.B. 335 bill page, Utah Business (secondary)

Source notes: Task force: the repeal date and failed extension bill are confirmed, but we could not check the current Utah Code or interim committee pages, so current status is unconfirmed; leadership information dates from Nov. 2022. Reserve and kiosk findings are current as of Nov. 2, 2026. The outcome of S.B. 173 (2026) was not confirmed. We have not reviewed the business.utah.gov 'Blockchain Registry' page that appeared in search results, so we make no claim about Utah's Office of Regulatory Relief or sandbox approach beyond what the task force's 2022 report summary says.