Utah Bitcoin Reserves and Cryptocurrency Laws

Utah Bitcoin Reserves and Cryptocurrency Legislation

No Official Reserve
Neutral Regulatory Status
Proposed Strategic Bitcoin Reserve

Utah Bitcoin Reserves

State	BTC Reserves	% of US Holdings	Legal Status	Last Updated	Key Laws and Regulations
Utah (UT)	No official reserve	0%	Neutral	2025-05-14	Proposed: Allows 10% state funds in Bitcoin (in committee, 2025) HB 230: Defines digital assets framework (enacted 2023)

Current status is PROPOSED

Utah has proposed legislation to allocate up to 10% of state funds to a Strategic Bitcoin Reserve, signaling interest in cryptocurrency adoption.

Using the Economic Stabilization Fund (~$1.5 billion), Utah could potentially purchase approximately 14,677 BTC, assuming a BTC price of $102,182.

3/15/2025

PROPOSED

Legislation proposed to allow up to 10% of state funds for a Strategic Bitcoin Reserve, moved to committee for review.

3/22/2023

ENACTED

House Bill 230 enacted, defining a framework for digital assets and supporting blockchain innovation.