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AZ HB2342
Bill
Status
4/18/2025
Primary Sponsor
Teresa Martinez
Click for details
AI Summary
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Amends Arizona Revised Statutes sections 9-500.42 and 11-269.22 to prohibit cities, towns, and counties from restricting individuals from lawfully accessing or using computational power or running blockchain nodes in residences.
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Declares that regulation of lawfully accessing or using computational power or running blockchain nodes in residences is a matter of statewide concern, preempting local regulation by cities, towns, and counties.
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Defines "computational power" as the use of computer hardware and software to process data, run algorithms, or perform tasks requiring significant computing resources, including artificial intelligence, blockchain, scientific research, and cloud computing.
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Defines "running a node on blockchain technology" as providing computing power to validate or encrypt transactions in blockchain technology as defined in Arizona Revised Statutes section 44-7061.
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Approved by the Governor on April 18, 2025 and filed with the Secretary of State on April 21, 2025.
Legislative Description
Blockchain technology; regulation; computational power
Regulation
Last Action
Chapter 81
4/18/2025