Utah won't start investing in crypto...yet

⏰ Tick Tock

152 days to the 2025 municipal primary elections (8/12/2025)
236 days until Election Day (11/4/2025)
600 days until the 2026 midterm elections (11/3/2026)

👀 Here's what you need to know for Friday morning:

Utah Headlines

Allowing Utah's treasurer to invest rainy day funds in crypto won't happen this year. [Utah News Dispatch]

Will Trump's budget cuts slash Medicaid coverage for Utahns? Rep. Kennedy, a physician, says no. [Tribune]

Bag checks at shelters and more policing on the street – Utah lawmakers dig in on homelessness. [Tribune]

Utah child advocate urges lawmakers to act on child welfare reform following failed bill. [KUTV]

Utah Legislature cracks down on youth marriage amid polygamy lawsuits. [Deseret News]

A $110 million grant to clean up Salt Lake City's air is on hold amid confusion over Trump's funding freeze. [Tribune]

Utahns worried for future as federal judge orders reinstatement for laid-off employees. [Fox 13]

Kane County leader decries alternative incorporation route, hopes for more efforts to halt it. [KSL]

National/International

Senate Democrats signal plans to advance GOP bill to avoid a government shutdown. [NPR]

• House Democrats are furious that their Senate counterparts plan to support the GOP government funding plan. [Punchbowl News]

Congressional Republicans are eagerly turning their authority over to the Trump White House. [New York Times]

The White House has asked the U.S. military to develop options for increasing troop presense in Panama to reach President Trump's goal of "reclaiming" the Panama Canal. [NBC News]

President Donald Trump is expected to invoke a little-known 18th century law, giving himself sweeping authority to speed up his mass deportation pledge. [CNN]

President Trump says he's getting "good signals" about Russia accepting a ceasefire in its war against Ukraine. [The Hill]

Classified intelligence reports conclude Russian President Vladimir Putin still intends to dominate Ukraine. [Washington Post]

After his Department of Government Efficiency (DOGE) was dealt a series of setbacks in the courts, Elon Musk is calling for the impeachment of federal judges. [Daily Beast]

Briefly...

Tesla reported zero federal income tax on $2 billion of income in 2024. [ITEP]

The price of gold reached above $3,000 per ounce for the first time ever. [Reuters]

Newsmax paid $40 million to settle allegations it defamed Smartmatic by falsely claiming the voting machine company rigged the 2020 election for Joe Biden. [Reuters]