WHEREAS, millions of Americans own digital assets, including cryptocurrencies such as Bitcoin and Ethereum, as well as other blockchain-based digital tokens;WHEREAS, there is no uniform federal regulatory framework that allows financial institutions to provide custody services for digital assets;WHEREAS, this lack of a uniform federal regulatory framework has created uncertainty and prevented many traditional financial institutions, including banks and credit unions, from offering safe, regulated custody services for digital assets;WHEREAS, without the involvement of trusted traditional financial institutions, customers face higher risks of fraud, hacking, and mismanagement of digital assets;WHEREAS, traditional financial institutions already provide custody services for other sensitive financial instruments, including stocks, bonds, and other securities;WHEREAS, digital assets should be treated no different from other sensitive financial instruments with respect to custody services;WHEREAS, allowing traditional financial institutions to custody digital assets would encourage responsible adoption of blockchain technology under United States financial oversight;WHEREAS, Utah credit unions and banks are leaders in innovation and trusted community partners; andWHEREAS, allowing custody of digital assets locally would keep assets in Utah-based institutions rather than offshore exchanges, provide customers with safe custody options supervised by federal regulators, create new revenue streams for Utah's financial institutions, enhance Utah's reputation as a fintech and blockchain leader, and mitigate risks of fraud and collapse from unregulated offshore exchanges:NOW, THEREFORE, BE IT RESOLVED that the Legislature of the state of Utah encourages the federal government to adopt a uniform national framework that allows traditional financial institutions to provide custody services for digital assets, partner with regulated cryptocurrency firms, and offer secure methods for customers to access digital assets.BE IT FURTHER RESOLVED that a copy of this resolution be sent to the Majority Leader of the United States Senate, the Speaker of the United States House of Representatives, and to the members of Utah's congressional delegation.