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Committee unanimously moves to treat dormant digital assets as unclaimed property
Utah State Senate — First Subcommittee · February 25, 2026
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Summary
H.B.519 would add digital assets to Utah’s unclaimed-property framework; the treasurer said custodians would be identified, dormancy would match securities (three years), and the treasurer would hold assets before liquidation. Committee passed the first substitute and placed the bill on consent.
Representative Tuscher presented H.B.519 to clarify how the state should handle unclaimed digital assets such as custodial wallets, describing it as filling a gap in Utah’s Revised Uniform Unclaimed Property Act. State Treasurer Marlo Oaks testified the bill mirrors current securities…
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