The resolution establishes the Alabama Blockchain Study Commission, aimed at exploring the potential of blockchain and cryptocurrency technologies to enhance Alabama's position in the technology and financial services sectors. The commission will consist of a diverse group of members appointed by various state leaders, including the Governor, legislative leaders, and representatives from key state agencies and organizations. Its primary focus will be to review existing laws and regulations, assess the feasibility of blockchain applications in government and business, and identify necessary changes to state tax laws related to the cryptocurrency industry.

The commission is tasked with conducting its first meeting by August 1, 2024, and will continue to meet as needed to fulfill its objectives. It will prepare a report detailing its findings and recommendations for legislative action, which must be submitted to the Legislature by the third legislative day of each regular session, with the commission set to dissolve after filing its report during the 2026 Regular Session. The resolution emphasizes the importance of inclusivity in the commission's membership and mandates transparency in its operations, including public notices of meetings and the publication of its final report.