Bill > SB2493

This bill mandates that the Department of Commerce and Consumer Affairs' Division of Financial Institutions, in partnership with the Hawaii Technology Development Corporation, will undertake a two-year study to investigate how to create a state-specific set of rules, or a "regulatory framework," for digital assets, specifically focusing on "stablecoins," which are digital currencies designed to maintain a stable value. The study aims to collect information to build this framework, develop a system that "payment stablecoin issuers" (companies that create stablecoins) can voluntarily join, and explore potential economic benefits of a state-regulated marketplace for these stablecoins. The findings and any proposed legislation will be presented to the state legislature by early 2029, and funds are being allocated for fiscal year 2026-2027 to cover costs associated with the study, such as hiring experts and acquiring necessary technology.

Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2493&year=2026