HI SB2493

Department of Commerce and Consumer Affairs' Division of Financial Institutions and Hawaii Technology Development Corporation must conduct a two-year study on establishing a state-level regulatory framework for digital assets.

Study will develop an opt-in regulatory framework for payment stablecoin issuers and explore economic opportunities from a state-regulated stablecoin marketplace.

Joint report with findings, recommendations, and proposed legislation must be submitted to the legislature no later than 20 days before the 2029 regular session.

Appropriates general fund revenues for fiscal year 2026-2027 to cover consultants, contractors, equipment, and technology costs, with unencumbered funds lapsing on June 30, 2028.

Act takes effect July 1, 2026.