Utah, the state in the Mountain West subregion of the Western United States, come up with good news.

The government finally accept the blockchain and digital innovation task force

Some of the primary duties assigned to the task force involve

Making policy recommendations related to blockchain and related technologies.

After nearly a three-year-long discussion about establishing a task force to oversee blockchain and crypto initiatives,

The governor of Utah, Spencer Cox, signed a bill to create the Blockchain and Digital Innovation Task Force.

The Utah State Legislature first saw the introduction of the house bill (H.B. 335) in early February 2022,

Which took nearly two months to pass through several senates, house and fiscal actions

Before finally being signed by Governor Cox on March 24.

Therefore, some of the primary duties assigned to the task force involve

Making policy recommendations related to blockchain and related technologies.

The bills writes:

“[The task force shall] develop and introduce recommendations regarding policy pertaining to the promotion in the state of the adoption of blockchain, financial technology, and digital innovation.”

Furthermore, according to the bill

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The task force in Utah will consist of up to 20 members with diverse expertise

It is in blockchain technology, cryptocurrency and financial technologies.

Out of the lot, up to five members will be appointed by the president of the Senate,

While the other five members by the speaker of the House of Representatives

And other five members by the governor, among others.

In addition, the bill also requires the Utah Division of Finance to provide staff support to the task force.

The policy recommendations also entail the development of non-financial incentives for industries

In the state related to blockchain, financial technology and digital innovation.

Then, the task force required to report annually

On or before November 30 to two committees of the Utah State Senate

The Business and Labor Interim Committee and the Legislative Management Committee.