Utah Governor approves of blockchain and digital innovation task force

-The governor of Utah, Spencer Cox, signed a bill to create the Blockchain and Digital Innovation Task Force.
-The Utah State Legislature first saw the introduction of the house bill (H.B. 335) in early February 2022.
-The primary duties assigned to the task force involve making policy recommendations related to blockchain and related technologies.
-The task force in Utah will consist of up to 20 members with diverse expertise in blockchain technology, cryptocurrency and financial technologies.
-In addition, the bill also requires the Utah Division of Finance to provide staff support to the task force.
-The policy recommendations also entail the development of non-financial incentives for industries in the state related to blockchain, financial technology and digital innovation.
-The task force is required to report annually on or before November 30 to two committees of the Utah State Senate the Business and Labor Interim Committee and the Legislative Management Committee.
-As state and federal regulators explore the least disruptive scope of crypto adoption, the United States Securities and Exchange Commission (SEC) announced plans to double the number of personnel responsible for safeguarding investors in cryptocurrency markets.

Utah Governor approves of blockchain and digital innovation task force
Utah Governor approves of blockchain and digital innovation task force 2

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