MD HB51

Establishes the Maryland Digital Asset Reserve Fund as a special, nonlapsing fund administered by the State Treasurer to serve as a reserve asset for the State through cryptocurrency investment

Requires money seized by State authorities in connection with illegal gambling arrests (unlawful bookmaking, betting, or gaming devices) to be deposited into the Fund rather than standard interest-bearing accounts

Defines eligible "cryptocurrency" as decentralized digital assets using blockchain technology with a market capitalization of at least $500 billion

Cryptocurrency holdings must be stored either through a secure institutional platform or with a qualified custodian as determined by the State Treasurer

Takes effect October 1, 2026