The State of Alabama has passed a resolution to establish the Alabama Blockchain Study Commission with the goal of exploring the potential of blockchain and cryptocurrency technologies to enhance the state's position in technology and financial services industries. The commission is tasked with studying the regulatory landscape, the feasibility of integrating blockchain into various government and business functions, and the impact of digital asset mining on the state's energy grid. It will also consider necessary changes to state tax law related to the cryptocurrency industry and best practices for enabling blockchain and cryptocurrency transactions, with a focus on benefits for underrepresented and unbanked individuals.

The commission will be composed of a diverse group of members appointed by various state officials and entities, reflecting the state's racial, gender, geographic, urban, rural, and economic diversity. The commission is set to hold its first meeting by August 1, 2024, and will provide a report of its findings and recommendations for proposed legislation to the Legislature by the third legislative day of each regular session. The commission will dissolve after filing its report during the 2026 Regular Session. All meetings and documents produced by the commission will be recorded and made available by the Secretary of State, ensuring transparency throughout its duration.