Legislation

Utah’s Unchecked Crypto Surge: How New Legislation Could Threaten Natural Resources and Hike Utility Costs

Utah’s Unchecked Crypto Surge: How New Legislation Could Threaten Natural Resources and Hike Utility Costs

Utah’s HB230 grants significant privileges to the cryptocurrency industry, facilitating growth with minimal oversight. The bill allows cryptocurrency mining, which is energy-intensive, potentially increasing electricity rates and grid stress. Cryptomining’s high water usage poses a threat in drought-prone Utah, risking public water
19 April 2025