If enacted, this bill would update current statutes by expanding the protections against local regulations concerning blockchain technology to include the use of computational power in residences. Specifically, it would insert language that prohibits cities, towns, and counties from restricting individuals from lawfully accessing or using computational power, in addition to running a node on blockchain technology. This change emphasizes that both activities are of statewide concern and not subject to local regulation.

Furthermore, the bill would define "computational power" as the use of computer hardware and software for various significant computing tasks, including artificial intelligence and cloud computing. It would also make conforming changes to ensure consistency in the language used throughout the statutes. The existing definitions related to running a node on blockchain technology would remain intact, but the new language would clarify the scope of what is protected under the law.

Statutes affected:
Introduced Version: 44-1283
House Engrossed Version: 9-500.42, 11-269.22, 44-7061
Chaptered Version: 9-500.42, 11-269.22, 44-7061