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MD HB454

Bill

Status

Introduced

1/16/2025

Primary Sponsor

Adrian Boafo

Click for details

Origin

House of Delegates

2025 Regular Session

AI Summary

  • Establishes a Digital Asset and Blockchain Technology Task Force to study blockchain technology and cryptocurrency use and regulation in Maryland

  • Task Force membership includes 2 state senators, 2 delegates, the Comptroller, Secretaries of Commerce and Labor, a financial services representative, an economics faculty member, and 2 additional Governor appointees

  • Task Force must analyze blockchain expansion including risks (privacy), benefits for government and private businesses, and impact on state revenues and energy consumption

  • Findings and recommendations due to the Governor and General Assembly by October 1, 2026

  • Takes effect July 1, 2025 and automatically sunsets on December 31, 2026

Legislative Description

Digital Asset and Blockchain Technology Task Force - Establishment

Rules and Regulations

Last Action

Hearing 1/28 at 1:00 p.m.

1/16/2025

Committee Referrals

Economic Matters1/16/2025

Full Bill Text

No bill text available