I’m curious, how would laws like the one Utah passed be enforced if a company doesn’t have a presence in Utah? Do Utah courts rely on the cooperation of courts and banks operating outside Utah to enforce fines and the like?

I suppose if your bank operates in Utah or wants to do business with Utah entities, it could be enforced coercively that way. As laws in different states diverge further and further, it makes me wonder to what extent states stopping cooperation with each other is possible, or if entities will start operating entirely within a particular “safe harbor” state to protect themselves.