Bill > HB454

This bill establishes a Digital Asset and Blockchain Technology Task Force in Maryland to comprehensively study and make recommendations about blockchain technology and cryptocurrency. The Task Force will consist of 10 members, including two senators, two delegates, state officials from the Comptroller's and Commerce and Labor Departments, a financial services industry representative, an economics faculty member, and two additional members appointed by the Governor. The members will elect their own chair, and the Office of Financial Regulation will provide administrative support. Task Force members will not be compensated but can receive travel expense reimbursements. The Task Force's primary responsibilities include conducting an in-depth analysis of blockchain technology and cryptocurrency in Maryland, examining associated risks and benefits, assessing the industry's impact on state revenues and energy consumption, and developing recommendations for potential state regulation. By October 1, 2026, the Task Force is required to submit a detailed report of its findings and recommendations to the Governor and key legislative committees. The bill will take effect on July 1, 2025, and will automatically expire on December 31, 2026, providing a structured, time-limited approach to studying this emerging technological and financial landscape.

Business and Industry

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0454?ys=2025RS