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Read. Follow. Verify.Utah regulates abandoned digital assets and establishes custody and liquidation standards for the state treasurer
Last action · March 18, 2026: Governor SignedSponsors: Jordan Teuscher and 1 other
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What This Bill Does
Utah enacts rules for handling abandoned s, requiring digital asset holders to transfer qualifying cryptocurrencies and virtual tokens to the state treasurer's custodian within 30 days of reporting, or liquidate them if custody costs exceed value or if the holder lacks s. The measure defines digital assets, sets a three-year abandonment period, and takes effect on May 6, 2026.
owners face new statutory timelines for when accounts are classified as abandoned, while financial platforms and holders must comply with transfer, liquidation, and annual review mandates for virtual currency and tokens held on behalf of inactive users.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
digital asset holders
Digital asset holders must report, reconcile, and transfer abandoned digital assets to the state's designated custodian within 30 days or maintain them if keys are missing.
apparent owners of digital assets
Owners face a three-year abandonment threshold after which their digital assets are transferred to state custody and potentially subject to liquidation.
unclaimed property administrator
The administrator gains authority to custody, manage, reconcile, sell, and establish procedures for digital assets deemed abandoned.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
When is a digital asset considered abandoned in Utah?
What happens if a digital asset holder does not have the private key required to transfer an asset?
Can the state immediately sell a digital asset once it receives it?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Current status: Signed into law.
Procedural history
49 actions- Mar 18, 2026Lieutenant Governor's office for filingEnrolledGovernor Signed
- Mar 12, 2026HouseHouse/ to Governor
- Mar 12, 2026HouseHouse/ received enrolled bill from Printing
- Mar 11, 2026HouseHouse/ enrolled bill to Printing
- Mar 11, 2026Clerk of the HouseEnrolled Bill Returned to House or Senate
- Mar 5, 2026Legislative Research and General Counsel / EnrollingDraft of Enrolled Bill Prepared
Show 43 earlier actions
- Mar 5, 2026Legislative Research and General Counsel / EnrollingBill Received from House for Enrolling
- Mar 4, 2026HouseHouse/ signed by Speaker/ sent for enrolling
- Mar 4, 2026HouseHouse/ received from Senate
- Mar 3, 2026SenateSenate/ to House
- Mar 3, 2026SenateSenate/ signed by President/ returned to House
- Mar 3, 2026SenateSenate/ received from House
- Mar 3, 2026HouseHouse/ to Senate
- Mar 3, 2026HouseHouse/ concurs with Senate amendment
- Mar 2, 2026HouseHouse/ placed on Concurrence Calendar
- Mar 2, 2026HouseHouse/ received from Senate
- Mar 2, 2026SenateSenate/ to House with amendments
- Mar 2, 2026SenateFloorSenate/ passed 3rd reading
- Mar 2, 2026SenateSenate/ 3rd reading
- Feb 25, 2026SenateSenate/ 2nd reading
- Feb 25, 2026SenateSenate/ comm rpt/ substituted/ Consent Calendar
- Feb 25, 2026SenateSenate Comm - Consent Calendar Recommendation
- Feb 25, 2026SenateSenate Comm - Favorable Recommendation
- Feb 25, 2026SenateSenate Comm - Substitute Recommendation
- Feb 23, 2026ReleasedLFA/ fiscal note publicly available for HB0519S01
- Feb 23, 2026Version SponsorLFA/ fiscal note sent to sponsor for HB0519S01
- Feb 23, 2026SenateCommitteeSenate/ to standing committee
- Feb 20, 2026Legislative Fiscal AgencyLFA/ bill sent to agencies for fiscal input for HB0519S01
- Feb 20, 2026Legislative Fiscal AnalystLFA/ bill assigned to staff for fiscal analysis for HB0519S01
- Feb 19, 2026SenateIntroducedSenate/ 1st reading (Introduced)
- Feb 19, 2026SenateSenate/ received from House
- Feb 19, 2026HouseHouse/ to Senate
- Feb 19, 2026HouseFloorHouse/ passed 3rd reading
- Feb 19, 2026HouseHouse/ 3rd reading
- Feb 17, 2026HouseHouse/ 2nd reading
- Feb 17, 2026HouseHouse/ comm rpt/ amended/ placed on Consent Cal
- Feb 17, 2026HouseHouse Comm - Consent Calendar Recommendation
- Feb 17, 2026HouseHouse Comm - Favorable Recommendation
- Feb 17, 2026HouseHouse Comm - Amendment Recommendation
- Feb 11, 2026HouseCommitteeHouse/ to standing committee
- Feb 10, 2026HouseHouse/ received fiscal note from Fiscal Analyst
- Feb 10, 2026ReleasedLFA/ fiscal note publicly available for HB0519
- Feb 10, 2026Version SponsorLFA/ fiscal note sent to sponsor for HB0519
- Feb 9, 2026HouseIntroducedHouse/ 1st reading (Introduced)
- Feb 9, 2026HouseHouse/ received bill from Legislative Research
- Feb 9, 2026Legislative Fiscal AgencyLFA/ bill sent to agencies for fiscal input for HB0519
- Feb 9, 2026Legislative Fiscal AnalystLFA/ bill assigned to staff for fiscal analysis for HB0519
- Feb 9, 2026Legislative Research and General CounselNumbered Bill Publicly Distributed
- Feb 9, 2026Legislative Research and General CounselBill Numbered but not Distributed
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Expansion of Unclaimed Property to Digital Assets
The legislation formally integrates cryptocurrencies, stablecoins, and NFTs into Utah's Uniform Unclaimed Property Act, setting specific custodial and liquidation mechanisms tailored to blockchain assets.
Connected Entities
Sources
le.utah.gov
Analysis Score
0–100- Significance75How much this matters to a regular citizen
- Controversy15Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz30Current news / social attention level
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