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VT H0370
Bill
Status
2/26/2025
Primary Sponsor
William Greer
Click for details
AI Summary
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Prohibits Vermont public pension funds (State Employees', Teachers', and Municipal Employees' Retirement Systems) from investing in cryptocurrency, with divestment required for any existing holdings by July 1, 2025
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Bans all State fund investments, including nonretirement trust funds, in cryptocurrency
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Requires the Commissioner of Financial Regulation and Attorney General to develop a regulatory framework to prevent cryptocurrency-related theft and fraud, with draft submission to legislative committees by November 15, 2025
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Directs the Public Utility Commission to investigate siting procedures for cryptocurrency mining facilities and establish separate electric and water utility rates for miners to protect other ratepayers from increased costs
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Takes effect July 1, 2025
Legislative Description
An act relating to cryptocurrency and protecting the public welfare
Last Action
Read first time and referred to the Committee on Commerce and Economic Development
2/26/2025