Digital or virtual currencies are a medium of exchange, but are not regular money.
Unlike paper bills and coins, cryptocurrencies are not issued or backed by the U.S. government or any other government or central bank. The lack of a physical token to count and hold may confuse some. Rather, Bitcoin and other cryptocurrencies are a form of digital currency used in electronic payment transactions—no coins, paper money or banks are involved; there are zero to minimal transaction fees; transactions are fast and not bound by geography; and, like using cash, transactions are anonymous.
Digital currencies are stored in digital wallets, which are software or apps installed by users on their computer or mobile device.
Each digital wallet contains encrypted information, called public and private keys, that is used to send and receive the digital currency. All digital currency transactions are recorded in a virtual public ledger called the “blockchain,” which is maintained by digital currency “miners.” These miners can be anyone, anywhere in the world, who is willing to invest in the specialized computer hardware needed to rapidly process complex computations. Miners are awarded digital currency, like Bitcoin, Ripple, Dogecoin, and Litecoin, in exchange for verifying each transaction and adding it to the blockchain.
At least 35 states, Puerto Rico and Washington, D.C., have introduced or have pending legislation on cryptocurrency, digital or virtual currencies, and other digital assets in the 2024 legislative session.
Examples of enacted legislation include:
- Nebraska enacted a law saying the Uniform Commercial Code shall not be construed to support, endorse, create or implement a national digital currency or central bank digital currency, and adopting provisions regarding, among other things, controllable electronic records, hybrid transactions, and security interest in digital assets and electronic money.
- South Dakota adopted a resolution opposing the adoption and development of a central bank digital currency.
Jurisdiction | Bill Number | Bill Title | Bill Status | Bill Summary |
---|---|---|---|---|
Alabama
|
None | |||
Alaska | H 86 | Money Transmission | Pending | Relates to the business of money transmission; relates to money transmission licenses, licensure requirements, and registration through the Nationwide Multistate Licensing System and Registry; relates to the use of virtual currency for money transmission; relates to authorized delegates of a licensee; relates to acquisition of control of a license; relates to record retention and reporting requirements. |
Alaska | S 84 | Money Transmission | Pending | Relates to the business of money transmission; relates to money transmission licenses, licensure requirements, and registration through the Nationwide Multistate Licensing System and Registry; relates to the use of virtual currency for money transmission; relates to authorized delegates of a licensee; relates to acquisition of control of a license; relates to record retention and reporting requirements. |
Arizona | HCR 2041 | State Retirement Systems and Digital Assets | Pending | Relates to state retirement systems; relates to digital assets. |
Arizona | S 1092 | Income Tax and Currency Transactions | Pending | Relates to income tax; relates to currency transactions; relates to effects. |
Arizona | S 1127 | Blockchain Technology and Tax and Fee and Prohibition | Pending | Relates to blockchain technology; relates to tax; relates to fee; relates to prohibition. |
Arizona | S 1128 | State Agencies and Payments and Cryptocurrency | Pending | Relates to state agencies; relates to payments; relates to cryptocurrency. |
Arizona | S 1197 | Virtual Currency and Property Tax Exemption | Pending | Exempts virtual currency from taxation; defines virtual currency as a digital representation of value that functions as a medium of exchange, a unit of account and a store of value other than a representation of the U.S. dollar or a foreign currency; provides for conditional enactment. |
Arizona | S 1281 | Central Bank Digital Currency and Ban | Pending | Relates to central bank digital currency; relates to ban. |
Arizona | S 1497 | Central Bank Digital Currency and Ban | Pending | Relates to central bank digital currency; relates to ban. |
Arizona | SCR 1010 | Property Tax Exemption and Virtual Currency | Pending | Relates to property tax exemption; relates to virtual currency. |
Arizona | SCR 1016 | State Retirement Systems and Digital Assets | Pending | Relates to state retirement systems; relates to digital assets. |
Arkansas | None | |||
California | A 76 | Money Laundering: Blockchain Technology | Pending | Expands money laundering to include conducting a transaction involving a monetary instrument of specified value using blockchain technology. Expands the definition of a monetary instrument to include digital assets that use blockchain technology. |
California | A 1229 | Unincorporated Associations: Decentralized Nonprofit | Failed | Adds provisions governing decentralized nonprofit associations, defined as an unincorporated association consisting of at least a specified number of members with a primary common purpose other than to operate a business for profit whose governance and operations are reliant, in full or in part, on a blockchain or other distributed ledger technology. |
California | A 1296 | California Consumer Financial Protection Law: Report | Pending | Relates to the California Consumer Financial Protection Law, which requires the Commissioner of Financial Protection and Innovation to prepare and publish on the Department website an annual report detailing actions taken during the prior year under the law. Provides that, until specified date, the report is required to separate information with respect to crypto assets and associated consumer financial products and services from information with respect to other consumer financial products and services. |
California | A 1336 | Nonfungible Token Marketplaces | Failed | Requires a nonfungible token marketplace to disclose the terms and conditions at the time a resident contracts with the nonfungible token marketplace. Requires that disclosure to be written in a manner that is understandable to a reasonable resident who uses the relevant services and to include, among other things, how fees and charges imposed by the nonfungible token marketplace will be calculated if they are not identified and disclosed in advance of a transaction. |
California | A 1934 | Digital Financial Asset Businesses | Pending | Relates to financial regulation. Requires a licensee to also maintain, if applicable, a report maintained at least monthly that demonstrates compliance with conditions that authorize the licensee to exchange, transfer, or store a digital financial asset or engage in digital financial asset administration, as specified. |
Colorado | None | |||
Connecticut | None | |||
Delaware | None | |||
District of Columbia | B 5 | Uniform Commercial Code Amendment Act of 2024 | To mayor | Amends Subtitle I of Title 28 of the District of Columbia Official Code to add a new Article 12 Controllable Electronic Records, to provide rules for transactions involving digital assets, including cryptocurrency, non-fungible tokens, and electronic promises to pay, and to provide for their negotiability and their perfection by control; makes conforming and related amendments to certain articles; provides transition rules to protect the expectations of parties to existing transactions and other purposes. |
Florida | H 369 | Virtual Currency Sales Tax Holiday | Pending | Provides sales tax exemption during specified period for certain sales from specified establishments paid in virtual currency. |
Florida | H 697 | State Legal Tender and Bullion Depository | Pending | Relates to state legal tender and bullion depository; provides for definitions; provides that specie legal tender and electronic currency are legal tender; provides that bullion is not personal property for taxation and regulatory purposes; provides that certain transactions of bullion do not give rise to tax liability; provides that exchange of one type or form of legal tender for another type or form of legal tender does not give rise to tax liability. |
Florida | H 977 | Virtual Currency Kiosk Businesses | Pending | Requires Office of Financial Regulation to supervise virtual currency kiosk businesses; provides legislative intent; prohibits virtual currency kiosk business from operating without registering; requires certain entities to be licensed as money services businesses; provides that registration is not transferable or assignable; specifies requirements for certain disclosures and attestations; requires registrant to transact business under its legal name. |
Florida | H 989 | Department of Financial Services | Pending | Revises requirements for My Safe specified state Home Program mitigation grants; requires eligible surplus lines insurers to respond to department or Office of Insurance Regulation after receipt of requests for documents and information concerning consumer complaints; provides duties and prohibited acts for adjusters; requires insurers subject to specified state insurance guaranty association requirements to prepare, implement, and maintain data transfer plan. |
Florida | H 1059 | Fees and Virtual Currency Kiosks | Failed | Relates to nonrefundable fees for registration, registration renewal, and late registration renewal applications for virtual currency kiosk businesses; provides that registration fees are not prorated. |
Florida | S 352 | Virtual Currency Sales Tax Holiday | Pending | Defines the terms convenience store and virtual currency; provides a sales tax exemption during a specified period for the retail sale of tangible personal property and services which is paid in virtual currency and is made by specified establishments. |
Florida | S 662 | Virtual Currency Kiosk Businesses | Pending | Prohibits a virtual currency kiosk business from operating without registering with the state; provides exemptions; requires certain entities to be licensed as money services businesses; provides criminal penalties for money transmitters that operate or solicit business as a virtual currency kiosk business under certain circumstances; provides criminal penalties for persons who register or attempt to register as a virtual currency kiosk business by certain means. |
Florida | S 750 | State Legal Tender and Bullion Depository | Pending | Relates to the state legal tender and bullion depository; provides definitions; provides that specie legal tender and electronic currency are legal tender; provides that bullion is not personal property for taxation and regulatory purposes; provides that certain transactions of bullion do not give rise to tax liability; provides that exchange of one type or form of legal tender for another type or form of legal tender does not give rise to tax liability. |
Florida | S 882 | Decentralized Autonomous Organizations | Pending | Authorizes a decentralized autonomous organization (DAO) to incorporate as a corporation or organize as a limited liability company if certain conditions are met; provides that a DAO member, participant, smart contract, algorithm, or wallet is not liable for actions, decisions, or liabilities of the DAO; authorizes DAOs to raise unlimited amounts of capital, subject to certain limitations and requirements. |
Florida | S 914 | Digital Trust Business | Pending | Prohibits certain entities from engaging in digital trust business without an application to and prior approval by the Office of Financial Regulation; authorizes a state bank or state trust company to exclusively engage in virtual trust business under certain circumstances; requires that the state banks or state trust companies’ policies and procedures satisfy certain requirements; relates to establishing standards by rule which relate to stablecoin. |
Florida | S 1098 | Department of Financial Services | Pending | Renames the Division of Investigative and Forensic Services in the Department of Financial Services as the Division of Criminal Investigations; revises requirements for My Safe State Home Program mitigation inspections and mitigation grants; provides requirements for certain contracts entered and purchases made by the State Joint Underwriting Association; revises the duties of the state fire marshal. |
Florida | S 1182 | Fees and Virtual Currency Kiosk Business | Pending | Requires an applicant to submit a nonrefundable fee to apply to be registered as a virtual currency kiosk business. |
Georgia | H 1043 | Blockchain Basics Act | Pending | Provides protections relating to the generation and use of virtual currency; excludes virtual currency mining activities from money transmission licensure requirements; provides liability protections for persons engaged in such activities; excludes such activities from the definition of a security; prohibits local governments from imposing certain restrictions on such activities; prohibits discriminatory electricity rates. |
Georgia | H 1053 | State Government | Pending | Relates to state government to prohibit governmental agencies from using central bank digital currency as payment and from participating in testing the use of such currency; provides for definitions; provides for legislative findings; provides for related matters; repeals conflicting laws. |
Guam | None | |||
Hawaii | H 790 | Digital Currency Companies | Pending | Establishes a licensing program that will replace the digital currency innovation lab; appropriates funds to the Department of Commerce and Consumer Affairs. |
Hawaii | H 1261 | Digital Currency Companies Regulation | Pending | Establishes a licensing program for special purpose digital currency companies that will replace the digital currency innovation lab; allows, for a specified number of months, any company participating in the digital currency innovation lab on specified date, to continue operations if a complete application for licensure is submitted to the Division of Financial Institutions by specified date; appropriates funds to the Department of Commerce and Consumer Affairs. |
Hawaii | S 352 | Uniform Commercial Code | Pending | Provides that a person shall have control of electronic money under specified conditions, including but not limited to if the electronic money, a record attached to, or logically associated with, the electronic money, or a system in which the electronic money is recorded gives the person power to avail itself of substantially all the benefit from the electronic money. |
Hawaii | S 2676 | Digital Currency | Pending | Prohibits the state from requiring any person to adopt or use digital currency. |
Idaho | H 471 | Revised Unclaimed Property Act | Pending | Repeals and adds to existing law to enact the Revised Unclaimed Property Act. |
Idaho | H 585 | Digital Assets | Pending | Amends and adds to existing law to establish provisions for central bank digital currencies. |
Idaho | HJM 7 | United Nations and World Economic Forum | Pending | States findings of the Legislature and expresses concern over the influence of the United Nations and the World Economic Forum in this state. |
Idaho | S 1296 | Bitcoin | Pending | Adds to existing law to establish the Bitcoin Protection Act to provide for certain rights regarding the mining and use of bitcoin. |
Illinois | H 3479 | Uniform Money Transmission Modernization Act | Pending | Makes a change in a provision concerning a letter of credit; sets forth provisions concerning orders to cease and desist and civil penalties; changes the definition of confidential supervisory information and digital asset business activity; changes references to the Financial Protection Fund to the Digital Assets Regulation Fund; sets forth provisions concerning a transition period for covered persons and exchanges. |
Illinois | H 5143 | State Officials and Employees Money Disposition Act | Pending | Amends the state Officials and Employees Money Disposition Act; provides that examiners of unclaimed property which is reported and remitted to the state treasurer and custodians contracted by the state to hold presumptively abandoned securities or virtual currency may deduct fees prior to remittance in accordance with the Revised Uniform Unclaimed Property Act; amends the Revised Uniform Unclaimed Property Act; changes the definition of property presumed to be abandoned to a corporate bond. |
Illinois | S 1239 | Cryptocurrency and Cryptocurrency Mining | Pending | Amends the Civil Administrative Code; defines cryptocurrency and cryptocurrency mining; changes the definition of qualifying data center to include data centers engaged in cryptocurrency mining that made or committed to make a capital investment over a 60-month period prior to the effective date of the amendatory act. |
Illinois | S 1718 | Corporate Fiduciary Act | Pending | Amends the Corporate Fiduciary Act to create the Special Purpose Trust Company Authority and Organization Article; provides that a corporation that has been or shall be incorporated under the general corporation Laws of the State for the special purpose of providing fiduciary custodial services or providing other like or related services as specified by rule may be appointed to act as a fiduciary with respect to such services and shall be designated a special purpose trust company. |
Illinois | S 3343 | State Officials and Employees Money Disposition Act | Pending | Amends the State Officials and Employees Money Disposition Act; provides that examiners of unclaimed property which is reported and remitted to the state treasurer and custodians contracted by the state to hold presumptively abandoned securities or virtual currency may deduct fees prior to remittance in accordance with the Revised Uniform Unclaimed Property Act; amends the Revised Uniform Unclaimed Property Act. |
Illinois | S 3412 | Uniform Money Transmission Modernization Act | Pending | Creates the Uniform Money Transmission Modernization Act; provides that the provisions supersede the Transmitters of Money Act; provides that a person may not engage in the business of money transmission or advertise, solicit, or hold oneself out as providing money transmission unless the person is licensed under the act; sets forth provisions concerning the purpose of the act; defines money transmission licenses, licenses application, licenses renewal acquisition of control and change of key. |
Illinois | S 3666 | Digital Assets Regulation Act | Pending | Creates the Digital Assets Regulation Act; provides that the Department of Financial and Professional Regulation shall regulate digital asset business activity in the state; sets forth provisions concerning; relates to applicability; relates to the Powers and duties of the Department; relates to funds, customer protections, custody and protection of customer assets, covered exchanges, compliance, registration, supervision, records, additional procedural provisions, confidentiality, violations, enforcement. |
Illinois | S 3670 | Uniform Money Transmission Modernization Act | Pending | Creates the Uniform Money Transmission Modernization Act; provides that the provisions supersede the Transmitters of Money Act; sets forth provisions concerning money transmission licenses, acquisition of control, reports and records, authorized delegates, timely transmission, refunds, and disclosures, prudential standards, enforcement; repeals the Transmitters of Money Act; makes other changes. |
Illinois | S 3765 | Digital Asset Kiosks | Pending | Amends the Digital Assets Regulation Act; provides that an operator shall not accept or dispense more than a specified sum or equivalent monetary value in a day from or to a customer via a digital asset kiosk; sets forth provisions concerning customer disclosures, reporting physical addresses, and implementation of the provisions. |
Indiana | H 1388 | Digital Assets Usage | Pending | Relates to use of digital assets; provides an income tax deduction for short-term or long-term capital gain that is attributable to the sale or exchange of digital assets in a transaction and that is included in federal adjusted gross income, in an amount not to exceed a specified amount per transaction for the 2024 taxable year and adjusted annually for inflation each taxable year thereafter. |
Indiana | H 1400 | Bullion Depositories and Legal Tender | Pending | Relates to bullion depositories and legal tender; defines bullion as refined silver or gold, in any shape or form, that has certain specified characteristics; defines specie as bullion that is fabricated into products that are, of uniform shape, size, design, content, weight, and purity, and suitable for, or customarily used as, currency or a medium of exchange. |
Indiana | S 55 | Electronic Payments to Governmental Bodies | Pending | Relates to electronic payments to governmental bodies; amends the definition of electronic payment for purposes of the statute governing electronic payments to a governmental body (defined as the state or a state agency) to include a payment made by means of any of the following, relates to interactive voice response; relates digital wallet; relates to digital currency; provides that after a specified date, a governmental body may not enter into or renew a contract. |
Indiana | S 180 | Central Bank Digital Currency | Pending | Prohibits a governmental body from accepting payment made with a central bank digital currency or requiring payment to be made with a central bank digital currency for any service, tax, license, permit, fee, information, or other amount due the governmental body; prohibits an administrative branch governmental body from advocating for or supporting the testing, adoption, or implementation of a central bank digital currency by the U.S. government; defines central bank digital currency. |
Iowa | H 618 | Commercial Transactions | Pending | Relates to commercial transactions; includes control and transmission of electronic records and digital assets. |
Iowa | H 2358 | Use of Central Bank Digital Currency by State Entities | Pending | Relates to the use of central bank digital currency by state entities. |
Iowa | H 2519 | Commercial Transactions | Pending | Relates to commercial transactions, including control and transmission of electronic records and digital assets. |
Iowa | S 540 | Commercial Transactions | Pending | Relates to commercial transactions, including control and transmission of electronic records and digital assets. |
Iowa | S 2236 | Treasurer of State Duties | Pending | Relates to the treasurer of state’s duties, including Iowa educational savings plan trust and Iowa able savings plan trust requirements and disposition of unclaimed property; includes effective date and retroactive applicability provisions. |
Iowa | S 2389 | Commercial Transactions | Pending | Relates to commercial transactions, including control and transmission of electronic records and digital assets. |
Kansas | H 2535 | Use of Cryptocurrency in Campaign Finance Contributions | Pending | Relates to prohibiting the use of cryptocurrency for campaign finance contributions and removing the prohibition on the use of political funds subject to reporting under the Campaign Finance Act for the campaign of a candidate for federal elective office. |
Kansas | H 2729 | Specie Legal Tender Act and Bullion Depository Act | Pending | Relates to enacting the Kansas Specie Legal Tender Act and the Kansas Bullion Depository Act, authorizing the state treasurer to approve electronic currencies backed by specie legal tender and establish, administer or contract for the administration of bullion depositories and allowing for state moneys to be deposited in such bullion depositories and invested in specie legal tender. |
Kansas | S 204 | Technology Enabled Fiduciary Financial Institutions Act | Pending | Replacing the definition of charitable beneficiaries with qualified charities in the technology-enabled fiduciary financial institutions act. |
Kansas | S 302 | Technology Enabled Fiduciary Financial Institutions Act | Pending | Relates to suspending fiduciary financial institutions transactions, custodial services and trust business of technology-enabled fiduciary financial institutions until the legislature expressly consents to and approves such activities by an act of the legislature and requiring the legislature to conduct a forensic audit of technology-enabled fiduciary financial institutions. |
Kansas | S 513 | The Specie Legal Tender Act and Bullion Depository Act | Pending | Relates to enacting the Kansas Specie Legal Tender Act and the State Bullion Depository Act, authorizing the state treasurer to approve electronic currencies backed by specie legal tender and establish, administer or contract for the administration of bullion depositories and allowing for state moneys to be deposited in such bullion depositories and invested in specie legal tender. |
Kentucky | S 155 | Uniform Commercial Code | Pending | Establishes transactions subject to provisions of article; amends various sections of Articles 2, 2A, 4A, and 9 of KRS Chapter 355 to remove writing requirements; establishes when article applies to hybrid leases; amends definition of negotiable instrument in KRS 355.3-104; accommodates electronic transactions; specifies that expenses include reasonable attorney’s fees; modifies security procedure requirements relating to funds transfers; establishes governing law standards for letters of credit. |
Louisiana | None | |||
Maine | H 59 | Digital Assets | Pending | Creates a new Uniform Commercial Code article on controllable electronic records; updates a specified article to allow perfection of security interests in digital assets; promotes new rules for mixed transactions involving both goods and services; updates rules for electronic negotiable instruments. |
Maine | S 409 | Virtual Currency | Pending | Makes clear that this type of financial institution may hold virtual currency or other digital assets. |
Maine | S 905 | Money Transmitters Act | Pending | Replaces the money transmitters act. |
Maryland | S 861 | High Energy Use Facilities Greenhouse Gas Emissions | Pending | Requires a person that owns, operates, or controls a high energy use facility to ensure greenhouse gas emissions associated with the electricity used by the facility are reduced by certain amounts by certain years; prohibits a person from using certain methods to meet the emissions reduction targets established under the Act; requires the Public Service Commission to review and verify a certain report submitted by each person that owns, operates, or controls a high energy use facility. |
Massachusetts | H 69 | Blockchain and Cryptocurrency | Pending | Establishes a special commission on blockchain and cryptocurrency. |
Massachusetts | H 70 | Cryptocurrencies and Digital Assets | Pending | Provides that the Office of the State Treasurer develop and periodically review and update a digital module and resources on cryptocurrencies and digital assets. |
Massachusetts | S 29 | Blockchain and Cryptocurrency | Pending | Establishes a special commission on blockchain and cryptocurrency. |
Massachusetts | S 690 | Consumers in Cryptocurrency Exchanges | Pending | Protects consumers in cryptocurrency exchanges. |
Michigan | S 656 | Guardians and Conservators | Pending | Modifies financial duties. |
Minnesota | H 1176 | Third-Party Payers and Dental Providers | Pending | Relates to insurance; specifies provisions for third-party payers and dental providers. |
Minnesota | H 1723 | Elections | Pending | Relates to elections; modifies election administration provisions relating to voter registration, absentee voting, and election day voting; establishes early voting; adopts the national popular vote compact; allows access for census workers; regulates intimidation, deceptive practices, and interference with voter registration and voting; amends requirements related to soliciting near the polling place; modifies campaign finance provisions; modifies campaign finance reporting requirements. |
Minnesota | H 2392 | Campaign Finance | Pending | Relates to campaign finance; modifies certain campaign finance provisions; provides civil penalties. |
Minnesota | H 2680 | Department of Commerce Biennial Budget | Pending | Relates to commerce; establishes a biennial budget for Department of Commerce and related activities; adds and modifies various provisions governing health, property, life, homeowner’s, and automobile insurance; regulates financial institutions; modifies provisions governing financial institutions; provides for certain consumer protections and privacy; modifies provisions governing commerce; makes technical changes; establishes civil and criminal penalties; authorizes administrative rulemaking. |
Minnesota | H 3394 | Defines Central Bank Digital Currency | Pending | Relates to commerce; defines central bank digital currency and revising the definition of money for purposes of the Uniform Commercial Code. |
Minnesota | H 3868 | Uniform Commercial Code Amendments | Pending | Relates to commerce; adopts amendments to the Uniform Commercial Code to accommodate emerging technologies. |
Minnesota | S 1265 | Third-Party Payers and Dental Providers | Pending | Relates to insurance; specifies provisions for third-party payers and dental providers. |
Minnesota | S 1362 | Elections | Pending | Relates to elections; modifies campaign finance provisions; modifies campaign finance reporting requirements; requires disclosure of electioneering communications; amends provisions relating to voter registration, absentee voting, and election day voting; adopts the National Popular Vote Compact; prohibits certain contributions during the legislative session. |
Minnesota | S 1943 | Campaign Finance | Pending | Relates to campaign finance; modifies certain campaign finance provisions; provides civil penalties. |
Minnesota | S 2219 | Insurance Discounts and Rate Reductions | Pending | Relates to commerce; authorizes administrative rulemaking; prohibits price gouging; establishes notice requirements; prescribes penalties; modifies provisions governing emergency closures; eliminates certain examination requirements; modifies and adds provisions governing the sale of certain motor vehicles; regulates nonbank mortgage servicers; requires a report; modifies provisions governing life insurance; specifies provisions for third-party payers and dental providers. |
Mississippi | H 303 | Central Bank Digital Currency Prohibition | Pending | Prohibits governmental entities from using a central bank digital currency; defines the terms governmental entity and central bank digital currency; provides that the term money does not include a central bank digital currency. |
Mississippi | H 1214 | Blockchain Basics Act | Pending | Establishes the Blockchain Basics Act for the purpose of regulating the use of digital assets and cryptocurrency in the state; defines terminology used in the act; prohibits any government agency of the state any political subdivision thereof from accepting or requiring a payment using central bank digital currency and from participating in any test of central bank digital currency by any Federal Reserve branch. |
Mississippi | H 1294 | Central Bank Digital Currency | Pending | Defines the term central bank digital currency; provides that the term money does not include a central bank digital currency; excludes central bank digital currency from the terms check, monetary value and personal money order; relates to the state money transmitters act, for purposes of possible amendment. |
Missouri | H 1676 | Use of Central Bank Digital Currency | Pending | Prohibits governmental agencies from testing or requiring the use of a central bank digital currency. |
Missouri | H 1867 | Regulation and Use of Gold and Silver | Pending | Modifies and creates new provisions related to the regulation and use of gold and silver. |
Missouri | H 1955 | Constitutional Money Act | Pending | Establishes The Constitutional Money Act which regulates the treatment and use of gold and silver. |
Missouri | H 2107 | Digital Asset Mining | Pending | Establishes provisions relating to digital asset mining. |
Missouri | H 2257 | Gold and Silver | Pending | Creates and modifies provisions relating to gold and silver. |
Missouri | HR 3896 | Use of Central Bank Digital Currency | Pending | Discourages the use of central bank digital currency. |
Missouri | S 735 | Gold and Silver | Pending | Creates and modifies provisions relating to gold and silver. |
Missouri | S 826 | Central Bank Digital Currency | Pending | Creates new provisions relating to central bank digital currency. |
Missouri | S 866 | Provisions Relating to Legal Tender | Pending | Creates and modifies provisions relating to legal tender. |
Missouri | S 1050 | Digital Mining | Pending | Creates new provisions relating to digital mining. |
Missouri | S 1352 | Commercial Transactions | Pending | Modifies provisions relating to commercial transactions. |
Montana | No 2024 legislative session | |||
Nebraska | L 94 | Uniform Commercial Code | Enacted | Provides that the Uniform Commercial Code shall not be construed to support, endorse, create, or implement a national digital currency or central bank digital currency; adopts provisions regarding, among other things, controllable electronic records, control of intangible property, controllable accounts, controllable payment intangibles, hybrid transactions, negotiable instruments, transactions involving digital assets, and security interest in digital assets and electronic money. |
Nebraska | L 669 | Director of Banking and Finance | Pending | Provides Powers for the Director of Banking and Finance regarding conditions on financial institutions. |
Nebraska | L 674 | Digital Asset Depositories | Pending | Changes provisions relating to digital asset depositories. |
Nebraska | L 872 | Central Bank Digital Currency Prohibition | Pending | Prohibits acceptance of central bank digital currency by state and local governments. |
Nebraska | L 916 | Controlled Substance Offenses Forfeiture Act | Pending | Adopts the Controlled Substance Offenses Forfeiture Act and change provisions relating to forfeiture. |
Nebraska | L 991 | Blockchain Basics Act | Pending | Adopts the Blockchain Basics Act. |
Nebraska | L 1305 | Gold or Silver Bullion Tax Liability Prohibition | Pending | Prohibits tax liability on the purchase, sale, or exchange of gold or silver bullion, change sales tax exemption provisions relating to currency and bullion, and provide an income tax adjustment for net capital losses and gains of the sale or exchange of gold or silver. |
Nevada | No 2024 legislative session | |||
New Hampshire | H 225 | Privacy Rights | Pending | Provides that no currency, whether tangible, digital, or otherwise, which inherently compromises privacy by provision of transaction or usage details to any government agency or partner, allows programming of prohibited or mandatory uses, has the ability to block or refuse any lawful transactions, can be connected to any form of credit score, can be programmed with an expiration date, or can be programmed with non-market driven inflation, may be used as legal tender by any entity for any debts in the state. |
New Hampshire | H 645 | Decentralized Autonomous Organizations | Pending | Establishes decentralized autonomous organizations within the state. |
New Hampshire | H 1232 | Central Bank Digital Currency | Pending | Prohibits the state treasurer, state agencies, and political subdivisions from accepting a payment using central bank digital currency or participating in a test of central bank digital currency by any Federal Reserve branch. |
New Hampshire | H 1241 | Regulation of Money Transmitters | Pending | Revises the regulation and licensure of money transmitters by the Banking Department; relates to a bill request of the banking department. |
New Hampshire | H 1444 | Local Regulation of Digital Mining | Pending | Adds limits to the regulatory powers of political subdivisions over digital asset mining businesses. |
New Hampshire | H 1674 | Legal Tender Act | Pending | Relates to establishing the New Hampshire Legal Tender Act and establishing a State Bullion Depository; creates the New Hampshire Legal Tender Act; establishes gold and silver as legal tender; establishes a state depository; enables digital use of gold and silver. |
New Jersey | A 449 | Digital Payment Platform | Pending | Requires the Department of Treasury to review and approve a digital payment platform. |
New Jersey | A 1517 | Financial Literacy Instruction | Pending | Requires public high school students to receive financial literacy instruction on higher education costs, student financial assistance, and cryptocurrencies. |
New Jersey | A 2249 | Digital Asset and Blockchain Technology Act | Pending | Relates to the Digital Asset and Blockchain Technology Act and Nationwide Multistate Licensing System; provides that the Bureau of Securities in the Division of Consumer Affairs in the Department of Law and Public Safety shall have the authority to determine whether a person is required to be licensed; provides that the bureau may deny, suspend or revoke a digital asset business license under certain conditions, including but not limited to upon finding that such actions are in the public interest. |
New Jersey | A 2345 | Virtual Currency and NFTs | Pending | Includes virtual currency and NFTs in definition of gift as applicable to public officials. |
New Jersey | S 666 | Virtual Currency and Blockchain Regulation Act | Pending | Relates to Virtual Currency and Blockchain Regulation Act. |
New Jersey | S 1304 | Digital Asset and Blockchain Technology Act | Pending | Concerns digital assets and blockchain technology; prohibits license to be required if the subject of the digital asset business activity is a digital asset that is a digital consumer asset that is used solely within online gaming platforms, has no market or application outside of those gaming platforms and cannot be converted into, or redeemed for, fiat currency or virtual currency; provides that it can be redeemed for goods, services, discounts, or purchases as part of a customer affinity. |
New Jersey | S 1618 | Digital Payment Platform | Pending | Requires Department of Treasury to review and approve digital payment platform. |
New Jersey | S 1634 | Public Officials Gift Restrictions | Pending | Prohibits public officials from accepting virtual currency and non-fungible tokens as gifts. |
New Mexico | S 237 | Revised Uniform Unclaimed Property Act | Pending | Relates to revised uniform unclaimed property act. |
New York | A 938 | Disclosures in Advertisements Involving Virtual Tokens | Pending | Requires certain disclosures by a developer of virtual tokens in advertisements involving such virtual tokens; provides restrictions concerning advertising. |
New York | A 944 | Offenses of Virtual Token Fraud | Pending | Establishes the offenses of virtual token fraud, illegal rug pulls, private key fraud and fraudulent failure to disclose interest in virtual tokens. |
New York | A 954 | Cryptocurrency and Blockchain Task Force | Pending | Establishes the New York state cryptocurrency and blockchain study task force to provide the governor and the legislature with information on the effects of the widespread use of cryptocurrencies and other forms of digital currencies and their ancillary systems, including but not limited to blockchain technology, in the state. |
New York | A 2318 | Disclosures in Advertisements Involving Virtual Tokens | Pending | Requires certain disclosures in advertisements involving virtual tokens. |
New York | A 2532 | State Agencies and Cryptocurrencies | Pending | Establishes that state agencies are allowed to accept cryptocurrencies such as Bitcoin, Ethereum, Litecoin and Bitcoin Cash as payment. |
New York | A 2599 | Task Force to Study State Issued Cryptocurrency | Pending | Establishes a task force to study the impact of a state-issued cryptocurrency on the state of New York. |
New York | A 2676 | Task Force to Study Economic Empowerment Zones | Pending | Establishes a task force to study the potential designation of economic empowerment zones for the mining of cryptocurrencies in the state of New York. |
New York | A 2873 | Reporting of Cryptocurrency Holdings | Pending | Reports of digital assets on the annual statement of financial disclosure; lists the name and market value of digital assets held by the reporting individual or such individual’s spouse or domestic partner more than a specified amount at the close of the taxable year last occurring prior to the date of filing. |
New York | A 7024 | Fiat Collateralized Stablecoins | Pending | Amends the Criminal Procedure Law; authorizes fiat-collateralized stablecoins as a form of bail; directs the commissioner of taxation and finance, in conjunction with the chief justice of the unified court system and the director of the office of information technology services, to promulgate rules and regulations identifying forms of fiat-collateralized stablecoin acceptable for posting bail to establish a system for the administration of the acceptance, recording and processing of stablecoins. |
New York | S 359 | Crypto Fraud Offenses | Pending | Establishes certain offenses relating to crypto fraud. |
New York | S 360 | Disclosures in Advertisements | Pending | Requires certain disclosures in advertisements involving virtual tokens. |
New York | S 6134 | Task Force on State Issued Cryptocurrency | Pending | Establishes a task force to study the impact of a state-issued cryptocurrency on the state of New York. |
New York | S 7207 | Office of Financial Resilience | Pending | Establishes the Office of Financial Resilience to develop and implement new programs and initiatives for the purpose of supporting local economies and promoting resilient financial models. |
New York | S 7244 | Uniform Commercial Code | Pending | Relates to control of electronic records for the purposes of the uniform commercial code. |
New York | S 7906 | Study on Powering Cryptocurrency Mining Facilities | Pending | Directs the New York state energy research and development authority to conduct a study on powering cryptocurrency mining facilities with renewable energy. |
New York | S 7920 | Digital Currency Task Force | Pending | Creates the digital currency task force to provide the governor and the legislature with information on the potential effects of the widespread implementation of digital currencies on financial markets in the state. |
New York | S 8136 | Cryptocurrency and Blockchain Study Task Force | Pending | Establishes the New York state cryptocurrency and blockchain study task force to provide the governor and the legislature with information on the effects of the widespread use of cryptocurrencies and other forms of digital currencies and their ancillary systems, including but not limited to blockchain technology, in the state. |
New York | S 8364 | Requirements for Limited Purpose Trust Companies | Pending | Establishes requirements for the creation and operation of limited purpose trust companies; establishes how to apply to operate as a limited purpose trust company. |
North Carolina | H 237 | Criminal Law Revisions | Pending – Carryover | Provides that a person commits the offense of money laundering if the person knowingly and willingly takes any of the specified actions involving proceeds of criminal activity or funds that alone or aggregated exceed a specified amount, including but not limited to acquiring or maintaining an interest in, concealing, possessing, transferring, or transporting the proceeds of criminal activity. |
North Carolina | H 430 | Base Budget Appropriations | Pending | Makes base budget appropriations for current operations of state agencies, departments, and institutions. |
North Carolina | H 690 | No Cryptocurrency Payments to State | Pending – Carryover | Prohibits payments to the state using central bank digital currency or participation by the state in federal reserve branch testing of central bank digital currency; defines digital currency as a digital medium of exchange, or a digital monetary unit of account issued by the U.S. Federal Reserve System or a federal agency that is made directly available to a consumer by such entities. |
North Carolina | H 721 | State Bullion Depository | Pending | Studies the holding of bullion and virtual currency and their potential benefits and whether to establish a state bullion depository for such assets. |
North Dakota | No 2024 legislative session | |||
N. Mariana Islands | Not available | |||
Ohio | H 155 | Uniform Commercial Code | Pending | Excludes central bank digital currencies from being treated as money under the Ohio Uniform Commercial Code. |
Ohio | H 163 | Uniform Commercial Code | Pending | Excludes central bank digital currencies from being treated as money under the state Uniform Commercial Code. |
Ohio | H 406 | Blockchain Basics | Pending | Prohibits certain state and local government actions respecting digital asset mining, exempts certain digital currency transactions from state and local income taxes; prohibits local charges on digital assets; requires the state retirement systems to evaluate certain digital asset investments; names this act the State Blockchain Basics. |
Oklahoma | H 1600 | Commercial Digital Asset Mining | Pending | Relates to digital asset mining; provides for a sales tax exemption; specifies exemptions under the State Sales Tax Code, including, between specified dates, the sales of machinery and equipment, including but not limited to, servers and computers, racks, power distribution units, cabling, switchgear, transformers, substations, software, and network equipment, and electricity used for commercial mining of digital assets purposes in a colocation facility; deletes the year 2038 and insert the year 2029. |
Oklahoma | H 1633 | Legal Tender | Pending | Relates to legal tender; defines terms; requires acceptance of cash as legal tender; provides penalties and enforcement; exempts certain transactions; provides for codification; provides an effective date. |
Oklahoma | H 2776 | Uniform Commercial Code | Pending | Relates to the Uniform Commercial Code; relates to General Provisions of the Uniform Commercial Code; clarifies scope of certain definitions; adds definitions; provides statutory references; replaces certain term with new term; relates to sales; deletes exception to the applicability of transactions in goods; provides for the applicability of hybrid transactions; provides exceptions to applicability provision; defines term; replaces certain term with new term. |
Oklahoma | H 3323 | Uniform Commercial Code | Pending | Relates to the Uniform Commercial Code; relates to general definitions; defines central bank digital currency; modifies definition; provides an effective date. |
Oklahoma | H 3594 | Home Digital Asset Mining | Pending | Relates to blockchains; provides definitions; directs that the government of state not take certain actions; prohibits subjecting payment with digital assets to additional tax, withholding, assessment, or charge; limits capital gains tax for certain digital asset transactions; clarifies scope of section; authorizes certain home digital asset mining; authorizes certain digital asset mining businesses; limits certain actions by political subdivisions; permits certain appeals of certain zoning changes. |
Oklahoma | H 4000 | Digital Asset Mining | Pending | Relates to digital asset mining; relates to exemptions related to manufacturing; provides an exemption for certain items related to commercial mining of digital assets; provides definitions; provides an effective date. |
Oklahoma | S 443 | Orphaned Well Bitcoin Mining Partnership Program | Pending | Relates to the Corporation Commission; defines terms; creates Orphaned Well Bitcoin Mining Partnership Program; authorizes Commission to promulgate rules; requires Commission to publish certain program-relevant information; provides for competitive bidding process; provides for confidentiality of certain submitted information; requires participating company submit certain orphaned well site information; provides for good faith negotiation with mineral rights owner. |
Oklahoma | S 750 | Digital Asset Mining | Pending | Relates to digital asset mining; creates the Commercial Digital Asset Mining Act of 2023; provides short title; states intent; defines terms; provides sales tax exemption for the sale of certain equipment and machinery; relates to income tax credit for certain investments; provides credit for investment in certain facilities; updates statutory language; limits credit used to offset tax for certain entities; provides for codification; provides an effective date. |
Oklahoma | S 1820 | Blockchain Technology and Digital Currencies | Pending | Relates to blockchain technology and digital currencies; creates a task force to study and make recommendations for policy on blockchain and digital currency technologies in this state; provides expiration date; provides for membership; provides for designation of co-chairs; requires appointments by certain date; requires organization meeting by certain date; specifies quorum; provides for frequency of meetings; subjects meetings to the Oklahoma Open Meeting Act. |
Oklahoma | S 1826 | Digital Currency of State Act | Pending | Relates to digital currency; creates the Digital Currency of State Act; provides short title; requires the Office of the State Treasurer to establish a digital currency backed by gold; allows the treasurer to enter certain contracts; authorizes the treasurer to establish a method to administer digital currency; provides for promulgation of rules; allows for the purchase, issuance, and redemption of digital currency and gold for individuals from the treasurer. |
Oklahoma | S 1833 | Blockchain Basics Act | Pending | Relates to blockchain technology; creates the Blockchain Basics Act; provides short title; defines terms; allows individuals to engage in certain digital asset mining business under certain circumstances; permits industrial digital asset mining under certain circumstances; prohibits political subdivisions from implementing certain requirements to limit digital asset mining business; provides for exceptions; prohibits the state from implementing certain requirements to limit digital asset mining business. |
Oklahoma | S 1838 | State Government | Pending | Relates to state government; prohibits the enaction of licensure for engaging in digital financial asset business activity; defines term; provides for codification; provides an effective date. |
Oklahoma | S 1843 | Implementation of Blockchain Technology | Pending | Relates to the implementation of blockchain technology; directs the planning of a new financial institution to be a state-chartered institution; names the Banking Department and State Department of Commerce to coordinate requirements for certain institution; requires use of blockchain technology; sets standards for certain institution; provides for integration into banking and financial regulations; provides exception for certain regulations; states purpose of new institution for blockchain innovators. |
Oklahoma | S 1865 | State Banking Code | Pending | Relates to State Banking Code; relates to definitions; defines terms; updates statutory language; updates statutory references; makes language gender neutral; provides an effective date. |
Oklahoma | S 1975 | State Government | Pending | Relates to state government; creates the Citizen’s Bill of Rights; provides short title; defines terms; restricts certain entities from taking certain actions relating to currency; guarantees certain rights for the use of gold and silver; restricts certain entities from taking certain actions relating to digital identification; prohibits certain entities from implementing a social credit score; prohibits certain entities from taking certain actions relating to medical procedures. |
Oregon | None | |||
Pennsylvania | H 407 | Task Force on Digital Currency | Pending | Establishes a task force on digital currency and the impact on widespread use of cryptocurrency and other forms of digital currencies in this commonwealth. |
Pennsylvania | H 901 | Digital Assets and Blockchain Technology Registration | Pending | Amends the act known as the Pennsylvania Securities Act; provides for digital assets and blockchain technology registration; imposes penalties. |
Pennsylvania | H 1282 | Sales and Use Tax Exemption | Pending | Amends the act known as the Tax Reform Code, in Computer Data Center Equipment Incentive Program; provides for definitions and for sales and use tax exemption. |
Pennsylvania | H 1402 | Blockchain Technology Business Advertisements | Pending | Amends the act known as the State Securities Act; provides for digital assets and blockchain technology business advertisements; imposes penalties. |
Pennsylvania | H 1476 | Cryptocurrency Energy Conservation Act | Pending | Provides that the General Assembly finds and declares that climate change is the most serious long-term threat to this planet, that the world needs to reach carbon neutrality by mid-century to avoid the worst effects of climate change, and that the commonwealth is a major emitter of greenhouse gases that contribute to climate change, the majority of which, approximately a specified percent, are related to the transportation and industrial sectors. |
Pennsylvania | HR 265 | Cryptocurrency | Pending | Urges the Congress of the United States to establish a regulatory framework for cryptocurrency at the Federal level. |
Pennsylvania | S 356 | Ethics Standards and Financial Disclosure | Pending | Amends Title 65 Public Officers of the Pennsylvania Consolidated Statutes, in ethics standards and financial disclosure; provides for definitions, for restricted activities and for penalties. |
Pennsylvania | S 797 | Commercial Code | Pending | Amends specified title of Commercial Code of the Pennsylvania Consolidated Statutes, in general definitions and principles of interpretation; provides for general definitions. |
Puerto Rico | S 1107 | Oversight of the Financing of Political Campaigns | Pending | Relates to the Law for the Oversight of the Financing of Political Campaigns, to define what is a digital asset or cryptocurrency; authorizes candidates and committees to accept any digital asset or cryptocurrency as a contribution under Law 222-2011; provides that an increase in the value of the donated digital asset or cryptocurrency held by a candidate or committee must be reported as interest. |
Rhode Island | H 7210 | Uniform Commercial Code | Pending | Provides for amendments to the Uniform Commercial Code for emerging technologies. |
Rhode Island | H 7266 | Currency Transmissions of Virtual Currency Kiosks | Pending | Establishes guidelines for the operation of virtual currency (crypto) kiosks. |
Rhode Island | H 7282 | Banking Statutes and the Home Loan Protection Act | Pending | Relates to financial institutions; powers and operations; amends outdated provisions of the banking statutes and the home loan protection act, adds consumer protections, including minimum capital requirements and limits on investments, for currency transmitters, including crypto currency. |
Rhode Island | H 7351 | Rhode Island Economic Growth Blockchain Act | Pending | Establishes the Economic Growth Blockchain Act to regulate virtual and digital assets; establishes depository banks for these purposes. |
A. Samoa | Not available | |||
South Carolina | H 4373 | Commercial Code General Definition | Pending | Relates to commercial code general definitions; adds the definition of central bank digital currency and to exclude central bank digital currency; relates to control of transferable records pursuant to the uniform electronic transactions act; makes a technical change; relates to the general powers of a banking corporation; prohibits a banking corporation from offering any service or approving of or conducting any transaction that involves central bank digital currency. |
South Carolina | H 4442 | Digital Currency Exclusion | Pending | Relates to the definition of money; provides that money does not include a central bank digital currency. |
South Carolina | S 861 | Definition of Money | Pending | Relates to the definition of money; provides that money does not include a central bank digital currency. |
South Carolina | S 834 | General Commercial Code Definitions | Pending | Relates to general commercial code definitions; provides that central bank digital currency is not considered money for the purposes of the uniform commercial code; relates to general commercial code definitions; defines central bank digital currency. |
South Carolina | S 1039 | Cryptocurrency | Pending | Provides definitions related to cryptocurrency; permits an individual to use digital assets and to prohibit additional taxation of digital assets; permits an individual to participate in home digital asset mining; provides that an individual engaged in home digital asset mining or a digital asset mining business shall not be required to obtain a money transmitter license; permits the use of nodes for the purpose of connecting to a blockchain protocol and transferring digital assets. |
South Dakota | H 1161 | Central Bank Digital Currency | To governor | Regulates the acceptance of a central bank digital currency. |
South Dakota | H 1163 | Uniform Commercial Code | To governor | Amends provisions of the Uniform Commercial Code. |
South Dakota | S 58 | Provisions Regarding Money Transmission | Pending | Revises provisions regarding money transmission. |
South Dakota | SCR 603 | Central Bank Digital Currency | Adopted | Opposes the adoption and development of a central bank digital currency. |
Tennessee | H 640 | Uniform Commercial Code | Pending | Incorporates into the Uniform Commercial Code the amendments adopted by the Uniform Law Commission in 2022. |
Tennessee | H 1662 | Uniform Commercial Code | Pending | Relates to Uniform Commercial Code; excludes U.S. central bank digital currency and accounts evidenced by a certificate of deposit from the definition of a deposit account for purposes of secured transactions under the Uniform Commercial Code. |
Tennessee | H 1901 | Uniform Commercial Code | Pending | Defines the term central bank digital currency and excludes the term from the definition of money for purposes of the Uniform Commercial Code. |
Tennessee | H 2309 | Computers and Electronic Processing | Pending | Establishes the Blockchain Basics Act. |
Tennessee | S 479 | Uniform Commercial Code | Pending | Incorporates into the Uniform Commercial Code the amendments adopted by the Uniform Law Commission in 2022. |
Tennessee | S 1764 | Uniform Commercial Code | Pending | Defines the term central bank digital currency and excludes the term from the definition of money for purposes of the Uniform Commercial Code. |
Tennessee | S 2110 | Uniform Commercial Code | Pending | Excludes U.S. central bank digital currency and accounts evidenced by a certificate of deposit from the definition of a deposit account for purposes of secured transactions under the Uniform Commercial Code. |
Tennessee | S 2219 | Uniform Commercial Code | Pending | Defines the term central bank digital currency and excludes the term from the definition of money for purposes of the Uniform Commercial Code. |
Tennessee | S 2370 | Computers and Electronic Processing | Pending | Establishes the Blockchain Basics Act. |
Texas | No 2024 legislative session | |||
Utah | H 118 | Prohibition of Production of Private Keys | To governor | Provides protection for private personal digital data; provides protection to a person from being compelled to produce the persons private electronic key that provides access to the persons digital assets, identity, or other interest. |
Utah | H 163 | Blockchain and Digital Innovation Task Force Sunset | Pending | Extends the repeal date for the Blockchain and Digital Innovation Task Force. |
Utah | H 164 | Digital Currency Modifications | To governor | Makes modifications to the Uniform Commercial Code. |
Utah | H 318 | Decentralized Autonomous Organization Act Amendments | To governor | Makes changes to the Decentralized Autonomous Organization Act. |
Utah | H 348 | Specie Legal Tender Amendments | Pending | Modifies provisions related to precious metals; exempts a portion of funds in certain budget reserve accounts from the State Money Management Act; authorizes the state treasurer to invest a portion of the funds in certain budget reserve accounts in precious metals; requires the state treasurer to conduct a study related to precious metals. |
Vermont | H 839 | 2024 Budget Adjustments | Pending | Relates to fiscal year 2024 budget adjustments. |
Virginia | H 1286 | Uniform Commercial Code | Pending | Relates to uniform Commercial Code; relates to amendments; makes a number of amendments to the Uniform Commercial Code (UCC) as adopted in specified state; amends the definitions of money and conspicuous for purposes of the UCC and makes extensive amendments throughout provisions related to UCC Article 9 to accommodate emerging technologies; provides that such amendments include updating the traditional rules for attachment and perfection to apply to digital assets, such as controllable electronic records. |
Virginia | S 148 | Digital Tokens | Failed | Relates to Securities Act; relates to digital tokens; relates to exemption; provides that an issuer or seller of a digital token, as defined in the bill, shall be exempt from the registration requirements of the Securities Act if the digital token cannot be considered an investment contract, as defined in the bill; provides that the primary purpose of the token is consumptive, as defined in the bill. |
Virginia | S 339 | Digital Asset Mining | Pending | Relates to digital asset mining; relates to holding, use and transfer of digital assets; relates to securities exemption; relates to tax exemption; exempts any person engaging in home digital asset mining, digital asset mining, or digital asset mining business activities, as those terms are defined in the bill, from the requirement to obtain a money transmitter license; exempts issuers and sellers of digital assets from securities registration requirements if certain conditions are met. |
Virginia | S 439 | Blockchain and Cryptocurrency Commission | Pending | Relates to blockchain and Cryptocurrency Commission established; relates to report; establishes the Blockchain and Cryptocurrency Commission in the legislative branch of state government for the purpose of studying and making recommendations related to blockchain technology and cryptocurrency and fostering the appropriate expansion of blockchain technology and the cryptocurrency industry in the commonwealth. |
Washington | None | |||
West Virginia | H 5606 | Generally to Money Laundering | Pending | Relates to money laundering; clarifies the offense of money laundering. |
West Virginia | H 5649 | Gold and Silver as Legal Tender | Pending | Relates generally to the use of gold and silver as legal tender in the state. |
West Virginia | S 749 | State Legal Tender Act | Pending | Relates to the State Legal Tender Act. |
West Virginia | S 843 | Gold and Silver Bullion and Specie | Pending | Recognizes gold and silver bullion and specie as legal tender in state. |
Wisconsin | A 725 | Central Bank Digital Currency | Pending | Concerns central bank digital currency. |
Wyoming | S 50 | Decentralized Unincorporated Nonprofit Associations | Pending | Relates to corporations, partnerships and associations; provides for the formation and management of decentralized unincorporated nonprofit associations; provides definitions; provides for an effective date. |
Wyoming | S 52 | Stable Token Act Amendments | Pending | Relates to trade and commerce; amends the Wyoming Stable Token Act to allow for investments in cash and government securities as specified; authorizes the Wyoming stable token commission to issue different types and amounts of stable tokens and to contract with financial service providers; requires reporting only for fully reserved stable tokens as specified; makes conforming amendments to criminal history records statutes; provides for an effective date. |
Wyoming | S 96 | Bank Assets in Bankruptcy Clarification | Pending | Relates to banks, banking and finance; specifies when certain accounts shall not be deemed assets or liabilities of financial institutions for purposes of receivership, conservatorship or bankruptcy; amends requirements for banks providing custodial or fiduciary services for digital assets; provides definitions; makes conforming amendments; provides for an effective date. |
Information From National Conference On State Legislation Site
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