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Bill > HB310
NH HB310
NH HB310Establishing a commission to study the creation of a regulatory framework for stable tokens, tokenized real-world assets, and blockchain-based trusts in New Hampshire.
summary
Introduced
01/08/2025
01/08/2025
In Committee
05/07/2025
05/07/2025
Crossed Over
03/27/2025
03/27/2025
Passed
07/22/2025
07/22/2025
Dead
Signed/Enacted/Adopted
07/22/2025
07/22/2025
Introduced Session
2025 Regular Session
Bill Summary
This bill establishes a commission to study the creation of a regulatory framework for stable tokens and tokenized real-world assets ("RWAs") in New Hampshire.
AI Summary
This bill establishes a commission to comprehensively study and develop potential regulatory frameworks for stable tokens (digital currencies designed to maintain a consistent value), tokenized real-world assets (financial assets represented digitally on a blockchain), and blockchain-based trusts in New Hampshire. The commission will consist of 11 members, including legislators, state officials (from banking, secretary of state, and attorney general's offices), two blockchain industry representatives, a banking industry representative, and an academic expert in financial regulation or blockchain technology. The commission will investigate the current regulatory landscape, legal and technological considerations, best practices from other jurisdictions, potential benefits and risks, consumer protection mechanisms, and economic opportunities related to these emerging digital asset technologies. The commission is required to produce a detailed report with findings and recommendations by November 1, 2026, which will be distributed to key state leadership and institutions. The bill provides for legislative members to receive mileage compensation and requires the commission to hold its first meeting within 30 days of the act's effective date, with five members constituting a quorum. After submitting its report, the commission will be automatically repealed on November 1, 2026.
Committee Categories
Business and Industry
Sponsors (5)
Last Action
Signed by Governor Ayotte 07/15/2025; Chapter 177; eff. I. Sec 2 eff 11/1/2026 II. Rem eff 07/15/2025 House Journal 18 (on 07/22/2025)
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