Bill > SB265

This bill, titled the "Financial Freedom and Innovation Act," establishes comprehensive regulations for digital assets and cryptocurrency in Montana. The bill prohibits state governing authorities from accepting, requiring, or participating in tests of central bank digital currency, while simultaneously protecting individuals' and businesses' rights to use digital assets. It allows businesses and individuals to operate blockchain nodes, develop blockchain software, transfer digital assets, and participate in staking. The legislation creates a certification process for network token issuers, requiring them to provide detailed information to the state securities commissioner and obtain approval before offering tokens, with a sales limit of $250 million in a 12-month period. The bill also provides extensive definitions for key terms like blockchain, digital assets, and network tokens, and creates exemptions for network token transactions under state securities laws. Notably, the legislation aims to foster innovation in the cryptocurrency space while providing regulatory oversight, protecting investors, and ensuring transparency in digital asset transactions. The bill specifically seeks to create a supportive environment for blockchain and cryptocurrency businesses by establishing clear guidelines and removing potential regulatory barriers.

Transportation and Infrastructure

https://bills.legmt.gov/#/laws/bill/2/LC0324