HB2400 Summary

• Establishes a blockchain and cryptocurrency study committee consisting of 9 members including 3 state representatives, industry representatives, a university professor, and state officials.

• Committee members are appointed primarily by the Speaker of the House and include representatives from cryptocurrency companies, exchanges, blockchain businesses, and a public member.

• Committee must meet regularly to review blockchain and cryptocurrency data, compile legislative overviews, and solicit industry expert opinions on Arizona legislation.

• Requires committee to submit findings and recommendations on legislative priorities to foster blockchain and cryptocurrency economic growth by December 31, 2020.

• Committee is automatically repealed September 30, 2021.