Yes cron tasks use UTC time by default, but you can specify a timezone and US/Pacific is valid:
- description: daily task
url: /cron/daily
schedule: every day 00:00
timezone: US/Pacific
If you try and use a timezone that is not recognised, when you update_cron an error is thrown:
Error parsing yaml file:
Unable to assign value 'US/does-not-exist' to attribute 'timezone':
timezone 'US/does-not-exist' is unknown
in "./cron.yaml", line 13, column 13