The proposed bill would establish the Arizona Cryptocurrency and Blockchain Commission, which aims to advise on cryptocurrency and blockchain-related matters, develop strategies for blockchain innovation, and promote literacy and workforce development in these fields. The commission would consist of various appointed members, including representatives from the Arizona House and Senate, specialists in blockchain and cryptocurrency, and officials from relevant state departments. The commission would also appoint a "crypto czar" to coordinate state initiatives and submit updates to the governor and legislature.

In addition to creating the commission, the bill outlines its responsibilities, including researching and proposing legislation, collaborating with stakeholders, and preparing annual reports on its activities. The commission is set to terminate on July 1, 2028, and the relevant statutes will be repealed on January 1, 2029. The act is classified as an emergency measure, allowing it to take effect immediately upon passage.

Statutes affected:
House Engrossed Version: 41-3028.16