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Read. Follow. Verify.Utah Legislature urges federal framework for bank and credit union digital asset custody
Last action · March 6, 2026: House/ filedSponsor: Jon Hawkins
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What This Bill Proposed
Utah lawmakers adopted a resolution calling on the federal government to establish a uniform national framework allowing traditional financial institutions to provide for digital assets and partner with regulated cryptocurrency firms.
The measure carries no legal mandates or appropriations but formally registers state pressure on federal officials to alter banking and cryptocurrency regulations.
- Jon Hawkins serves as a member of the Utah House of Representatives, representing the state's legislative district where he introduced HJR 27 during the 2026 General Session. context
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
traditional financial institutions
Banks and credit unions are the subject of federal policy changes urged by the resolution regarding digital asset custody.
cryptocurrency firms
Regulated crypto firms are identified as potential partners for traditional financial institutions under the proposed federal framework.
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
Does this resolution change state banking laws or create new regulations?
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Votes, people, money & the original sourceWhere This Stands
This resolution did not become law - Died at adjournment · introduced in the House.
Procedural history
11 actions- Mar 6, 2026HouseHouse/ filed
- Mar 6, 2026HouseHouse/ strike enacting clause
- Feb 17, 2026HouseIntroducedHouse/ 1st reading (Introduced)
- Feb 17, 2026HouseHouse/ received fiscal note from Fiscal Analyst
- Feb 17, 2026HouseHouse/ received bill from Legislative Research
- Feb 17, 2026ReleasedLFA/ fiscal note publicly available for HJR027
Show 5 earlier actions
- Feb 17, 2026Version SponsorLFA/ fiscal note sent to sponsor for HJR027
- Feb 16, 2026Legislative Fiscal AgencyLFA/ bill sent to agencies for fiscal input for HJR027
- Feb 16, 2026Legislative Fiscal AnalystLFA/ bill assigned to staff for fiscal analysis for HJR027
- Feb 16, 2026Legislative Research and General CounselNumbered Bill Publicly Distributed
- Feb 16, 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
Connected Entities
Sources
le.utah.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 25)
- Controversy15Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz30Current news / social attention level
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