Bill > H7956

This joint resolution establishes a special five-member legislative commission to study blockchain and cryptocurrency, with the goal of making the state a leader in these areas while ensuring consumer protections. The commission will be chaired by the Secretary of Commerce or their designee and will include the Director of the Department of Business Regulation or their designee, along with three public members appointed by various state officials, including representatives with expertise in blockchain technology, finance, and federal securities law. The commission's duties include reviewing national trends, assessing the current legal landscape in the state, studying non-fungible tokens (NFTs), gathering expert opinions, and developing legislative proposals. The commission is required to submit an interim progress report by January 5, 2027, and a final report by January 5, 2028, after which it will expire on February 5, 2028. The final report must detail national data, the state's current status, and specific legislative recommendations. Both reports will be submitted electronically and posted online for public access.

Business and Industry

https://status.rilegislature.gov/