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UT HB0072

UT HB0072
Criminal Use of Cryptocurrency Amendments


summary

Introduced
01/20/2026
In Committee
02/12/2026
Crossed Over
Passed
Dead

Introduced Session

2026 General Session

Bill Summary

General Description: This bill creates cryptocurrency training requirements for law enforcement and consumer protections for digital asset kiosks.

AI Summary

This bill establishes new regulations for cryptocurrency transactions and law enforcement, requiring specialized cryptocurrency investigation training for local law enforcement officers every three years, focusing on tracing, seizure, and legal aspects of digital assets, and mandates that local law enforcement agencies and the Division of Securities report quarterly on cryptocurrency-related cases to the Commission on Criminal and Juvenile Justice, which will then produce an annual summary. Additionally, the bill introduces consumer protections for virtual currency kiosks, defining terms like "virtual currency" and "virtual currency kiosk," setting daily transaction limits for cash or virtual currency exchanges, requiring clear disclosures about risks and insurance, mandating fraud prevention warnings in English and Spanish, and ensuring customers receive detailed receipts in their chosen language, while also requiring kiosk operators to maintain transaction records and cooperate with law enforcement investigations.

Committee Categories

Justice

Sponsors (1)

Last Action

House/ 2nd reading in House 3rd Reading Calendar for House bills (on 02/12/2026)

bill text


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