This bill proposes the establishment of the Arizona Cryptocurrency and Blockchain Commission, which will be tasked with advising on cryptocurrency and blockchain-related matters, developing strategies for blockchain innovation, and promoting literacy and workforce development in these fields. The commission will consist of various appointed members, including representatives from the Arizona House and Senate, industry specialists, and academic professionals. It will also appoint a "crypto czar" to coordinate state initiatives and serve as a liaison with federal efforts.

In addition to creating the commission, the bill outlines its operational framework, including the ability to form subcommittees, collaborate with national and international experts, and prepare annual reports to the governor and legislature. The commission is set to terminate on July 1, 2028, and the relevant statutes will be repealed on January 1, 2029. The bill is classified as an emergency measure, allowing it to take effect immediately upon passage.

Statutes affected:
House Engrossed Version: 41-3028.16