Joint Resolution Regarding Digital Asset Custody

Utah's HJR 27 is a joint resolution urging federal lawmakers to establish a national regulatory framework allowing banks and credit unions to safely custody digital assets like cryptocurrencies. It states current regulatory gaps prevent traditional financial institutions from offering secure custody services, increasing risks of fraud and hacking for customers. The resolution specifically calls for federal permission for these institutions to partner with regulated crypto firms and provide custody options. This would keep digital asset management within Utah's regulated financial institutions rather than offshore exchanges, aligning with Utah's fintech leadership.