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This bill addresses "programmable money" — digital currency that can be encoded with rules to automatically control, restrict, or expire how, where, or by whom it is spent, or that could be used to implement a social credit system — by formally defining the term in Utah's commercial code and excluding it, along with central bank digital currency, from the legal definition of money. If passed, the bill would prohibit anyone from requiring a person to use programmable money for a transaction unless a free, non-digital payment option is also offered, and it would bar issuers of programmable money from denying or restricting transactions based on a person's political opinions, religious beliefs, medical history (including vaccination status), sex, ethnicity, sexual orientation, location or purchase history, firearm ownership or firearm-related business activity, involvement in fossil fuel, timber, mining, or agriculture industries, or failure to meet environmental, social, governance, or diversity-related standards. Issuers who deny a transaction would be required to provide a written explanation of the specific reason within a set timeframe upon request, and the bill would allow harmed parties to seek legal remedies, including punitive damages or revocation of an issuer's authorization to do business in Utah. The bill clarifies that it does not restrict the buying or selling of cryptocurrency or other assets by public or private parties.