SB283 Summary

• Authorizes the Alabama State Treasurer to invest available monies in digital assets including cryptocurrencies, stablecoins, non-fungible tokens, and exchange-traded products.

• Limits digital asset investments to no more than 10 percent of any fund balance at the time of investment.

• Restricts eligible investments to exchange-traded products or digital assets with average market capitalization of at least $750 billion over the preceding 12 months.

• Requires digital assets be held either directly through secure custody solutions, by qualified custodians, or as exchange-traded products registered under Alabama law.

• Permits the State Treasurer to loan digital assets to generate additional returns if the loan does not increase financial risk, and becomes effective October 1, 2025.