Allowing Utah’s treasurer to invest rainy day funds in crypto won’t happen this year

Allowing Utah’s treasurer to invest rainy day funds in crypto won’t happen this year

The Utah Legislature passed a bill to make cryptocurrency a more mainstream form of payment, but an investment provision failed. (Namthip Muanthongthae/Getty Images)This year, lawmakers pushed to make Utah the first in the nation in adopting innovative blockchain technology legislation. But, a pivotal item didn’t make it through: giving the treasurer the ability to invest rainy day funds in cryptocurrency on behalf of the state. After a tight 38…