This bill proposes updates to current statutes regarding the regulation of blockchain technology and computational power in residential settings. Under the new law, cities and counties would be explicitly prohibited from restricting individuals from lawfully accessing or using computational power in their residences, which expands the current protections that only cover running a node on blockchain technology. Additionally, the bill clarifies that the regulation of lawfully accessing or using computational power is a matter of statewide concern, thus preventing local governments from imposing further regulations. The bill also introduces a definition for "computational power", which encompasses the use of computer hardware and software for various intensive tasks, including artificial intelligence and scientific research. This definition is intended to provide clarity and ensure that the scope of protections extends beyond just blockchain technology. The existing definitions related to running a node on blockchain technology remain unchanged, but the bill adds a new framework that emphasizes the importance of computational power in modern technology and its regulation at the state level.

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