Bill > H0750

This bill establishes new regulations for "programmable money," which is defined as a digital asset or token that can be encoded with specific rules and conditions to automatically control its use, such as denying or approving transactions, restricting usage based on location or time, expiring over time, or being used for social credit scoring. The bill amends existing Idaho law to explicitly exclude programmable money from the definition of "money" and "deposit account," and it prohibits issuers of programmable money from denying transactions based on factors like political opinion, medical history, or lawful activities, while also requiring them to offer a non-digital alternative for transactions. If a transaction is denied, the issuer must provide a specific reason within 30 days of a request. The bill also allows aggrieved parties to bring civil actions for damages and attorney's fees, and it establishes criminal penalties, including fines and imprisonment, for issuers who violate these provisions, with each denied or failed transaction potentially counting as a separate offense, though it clarifies that this does not prevent declining transactions related to criminal acts or the purchase/sale of cryptocurrency.

Business and Industry

Ways and Means Committee (House)

https://legislature.idaho.gov/sessioninfo/2026/legislation/H0750/