AL SJR58

Creates the Alabama Blockchain Study Commission to study blockchain technology and cryptocurrency and promote industry expansion in Alabama.

Commission membership consists of 19 appointed positions including one appointee each from the Governor, House Speaker, House Minority Leader, Senate President Pro Tempore, and Senate Minority Leader, plus representatives from state agencies and industry organizations; additional members may be added by majority vote.

Commission shall study blockchain and cryptocurrency laws, feasibility of blockchain use in government and business, necessary tax law changes, digital asset mining impacts on the energy grid, best practices for cryptocurrency transactions, and appropriate state agency oversight.

First meeting must be held by August 1, 2024, at which time the commission shall elect a chair and vice chair; legislative members receive compensation and expenses while nonlegislative members serve without compensation but may be reimbursed for necessary expenses.

Commission shall submit a report of findings and recommendations to the Legislature not later than the third legislative day of each regular session and shall dissolve upon filing its report during the 2026 Regular Session.