Encourages federal government to create a national framework for traditional financial institutions to provide custody services for digital assets.
This resolution encourages the federal government to establish a uniform national framework allowing traditional financial institutions to offer custody services for digital assets. It calls for the federal government to permit these institutions to partner with regulated cryptocurrency firms. This aims to ensure safe and regulated custody, reduce risks of fraud and hacking, and keep digital assets within Utah-based institutions. The resolution also seeks to enhance Utah's reputation as a leader in fintech and blockchain technology.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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