Bill > HB2071

This bill establishes comprehensive protections and definitions for blockchain and digital asset activities in Oregon, preventing state and local governments from restricting various blockchain-related transactions and operations. Specifically, the bill prohibits governments from impeding individuals' abilities to accept digital assets as payment, participate in peer-to-peer transactions, maintain control of digital assets through self-hosted or hardware wallets, develop blockchain software, operate network nodes, and exchange digital assets. The legislation also prevents governments from imposing taxes or charges specifically on digital asset transactions, though existing standard taxes would still apply. The bill provides detailed definitions for technical terms like blockchain, digital assets, nodes, and smart contracts, and amends existing Oregon Revised Statutes to exempt certain blockchain-related activities from money transmission regulations. Notably, the bill maintains a restriction that prevents using cryptocurrency for political campaign contributions. The legislation aims to create a supportive legal environment for blockchain and digital asset technologies by establishing clear rights and preventing potential governmental interference, while also maintaining basic regulatory oversight.

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https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2071