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 directors 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 includes provisions for the commission to form subcommittees, collaborate with national and international experts, and prepare annual reports detailing its activities and legislative recommendations. The commission is set to terminate on July 1, 2028, with a repeal of the relevant statutes 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