The bill amends Arkansas law regarding legal tender and the use of digital currency. It introduces a new section, 4-56-106, which outlines legislative findings related to digital currency, emphasizing the importance of privacy and the prohibition of tracking individuals through digital currency transactions without their knowledge or consent. The bill defines key terms such as "digital currency," "central bank," and "central bank digital currency," and establishes that tracking an individual's purchases or location via digital currency is only permissible under specific conditions: either with a warrant from a court or with the individual's consent.

Additionally, the bill acknowledges the Right to Financial Privacy Act of 1978, which restricts government access to financial records without customer consent, while also clarifying that compliance with this federal law is not overridden by the new state provisions. The legislation aims to protect individual privacy rights in the context of digital currency transactions while ensuring that law enforcement can still operate within legal frameworks when necessary.