Blockchain and Digital Innovation Amendments

The effective date of the bill was changed from April 15, 2025, to May 7, 2025.

The definition of a 'Qualified custodian' was updated to explicitly include federal or state-chartered credit unions.

The maximum percentage of public funds the state treasurer may invest in qualifying digital assets was reduced from 10% to 5%.

A Senate Sponsor was added to the bill's header information.

Added page number markers and timestamp information (03-07 20:32) to the document header and footer sections.

Inserted visual formatting elements including bullet point symbols (▸) in the highlighted provisions section for better readability.

Added version identifier '3rd Sub. (Cherry) H.B. 230' to indicate this is the third substitute version of the bill.

Senate sponsor name changed from 'LONG TITLE' to 'Kirk A. Cullimore' in the header information.

Text formatting and line breaks were adjusted throughout the document, particularly in the Utah Code sections affected listing and the bill text itself.

Added new Section 6 enacting Utah Code section 17-27a-536 regarding digital asset mining zoning restrictions, which was not present in the first version.

Section 5 (10-9a-541) regarding digital asset mining zoning restrictions was slightly reworded to clarify that sound restrictions cannot be more stringent than generally applicable industrial limits.