Joint Resolution Regarding Digital Asset Custody

Summary

The joint resolution asks the federal government to create a national rule that permits traditional financial institutions to provide custody services for cryptocurrencies and other blockchain tokens. It is intended to lower fraud and hacking risks, keep Utah customers’ assets within local banks, and bolster the state’s fintech reputation. No funding or new programs are created by the resolution.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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