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RI S2198
Joint Resolution
Status
1/23/2026
Primary Sponsor
Louis Dipalma
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AI Summary
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Creates a 5-member special legislative commission to study blockchain and cryptocurrency, chaired by the Secretary of Commerce or designee, with the Director of Business Regulation and three public members representing academia, financial institutions, and federal securities law expertise.
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Commission must review national blockchain/cryptocurrency data, assess current Rhode Island laws, study non-fungible tokens (NFTs), and develop legislative recommendations to make the state business-friendly while ensuring consumer protections.
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Interim progress report due to the General Assembly by January 5, 2027; final report due to the Secretary of Commerce, General Treasurer, and General Assembly by January 5, 2028.
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Commission must meet at least 4 times per calendar year, with members receiving no compensation but eligible for expense reimbursement.
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Commission expires February 5, 2028, with final reports to be posted publicly on the Department of Commerce and Department of Business Regulation websites.
Legislative Description
JOINT RESOLUTION CREATING A SPECIAL LEGISLATIVE COMMISSION TO STUDY BLOCKCHAIN AND CRYPTOCURRENCY (Creates a 5 member commission to recommend legislative proposals for blockchain and cryptocurrency, and submit an interim progress report by January 5, 2027, and a final report by January 5, 2028, and would expire on February 5, 2028.)
Last Action
Introduced, referred to Senate Artificial Intelligence & Emerging Technol
1/23/2026