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MD HB454
Bill
Status
1/16/2025
Primary Sponsor
Adrian Boafo
Click for details
AI Summary
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Establishes a Digital Asset and Blockchain Technology Task Force to study blockchain technology and cryptocurrency use and regulation in Maryland
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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
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Task Force must analyze blockchain expansion including risks (privacy), benefits for government and private businesses, and impact on state revenues and energy consumption
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Findings and recommendations due to the Governor and General Assembly by October 1, 2026
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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