AL SB187

Prohibits the state from restricting use or storage of digital assets, levying additional taxes on digital assets when used as payment, or restricting digital asset mining operations.

Exempts transactions under $200 using digital assets as payment from capital gains taxes, with the threshold adjusted annually by the Consumer Price Index.

Prevents state and local ordinances from imposing requirements on digital asset mining businesses that differ from data center requirements or from preventing mining in industrially zoned areas.

Classifies digital asset mining, node operation, and staking as activities that are not money transmission or securities under Alabama law, and protects participants from liability for validating transactions.

Becomes effective October 1, 2024, while preserving the state's ability to collect taxes that would apply to non-digital transactions and allowing municipalities to require business licenses for mining operations.