Bill > SB376

This bill establishes a Digital Asset and Blockchain Technology Task Force in Maryland to study and make recommendations on the use and regulation of blockchain technology and cryptocurrency, which are digital systems for recording transactions and digital forms of currency, respectively. The task force will be composed of members from the Senate and House of Delegates, the Comptroller, the Secretaries of Commerce and Labor (or their designees), and appointees by the Governor representing the financial services industry, academia specializing in economics, and the Maryland Blockchain Association. The Office of Financial Regulation will provide staff support, and members will not receive compensation but will be reimbursed for expenses. The task force is mandated to analyze the concepts, risks, benefits, and economic impact of blockchain and cryptocurrency in the state, including their effects on state revenues and energy consumption, and must submit its findings and recommendations to the Governor and the General Assembly by October 1, 2027. This Act will take effect on July 1, 2026, and will be repealed on June 30, 2028.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0376?ys=2026RS