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 homes, in addition to the existing prohibition on restricting the running a node on blockchain technology. The bill emphasizes that the regulation of lawfully accessing or using computational power is a matter of statewide concern, thus preventing local governments from imposing further regulations. Additionally, the bill 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. The existing definition of "running a node on blockchain technology" remains unchanged, but the bill adds clarity by specifying that it involves providing computing power to validate or encrypt transactions. Overall, the bill aims to strengthen protections for individuals engaging in blockchain-related activities and computational tasks at home.

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