Governor Spencer Cox has signed Utah's blockchain and digital innovation task force bill.
to oversee blockchain and crypto initiatives, the governor of Utah, Spencer Cox, signed a bill to create the Blockchain and Digital Innovation Task Force.of the house bill in early February 2022, which took nearly two months to pass through several senate, house and fiscal actions before finally being signed by Governor Cox on 24th March.
“[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.” 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.
As Cointelegraph reported, the SEC’s Cyber Unit, which includes the Crypto Assets and Cyber team, will hire 20 new people for 50 dedicated positions, including investigative staff attorneys, trial lawyers and fraud analysts.
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