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 areas. The commission will consist of various appointed members, including representatives from the Arizona House and Senate, specialists in blockchain and cryptocurrency, and directors from relevant state departments. The bill also outlines the commission's responsibilities, including the appointment of a "crypto czar" to coordinate state initiatives and the ability to create subcommittees for focused research and recommendations.

In addition to establishing the commission, the bill includes provisions for its operation, such as meeting protocols and reporting requirements to the governor and legislature. It also sets a termination date for the commission and includes a repeal clause for the relevant statutes. The bill is classified as an emergency measure, indicating its immediate necessity for public welfare. Overall, the proposed changes aim to position Arizona as a leader in blockchain technology and cryptocurrency adoption while ensuring effective governance and collaboration among stakeholders.

Statutes affected:
House Engrossed Version: 41-3028.16