If enacted, this bill would update current statutes by renaming the "Regulatory Sandbox Program" to the "Financial Technology, Digital Assets and Blockchain Sandbox Program." This change is reflected in the chapter heading of Title 41, Chapter 55, Arizona Revised Statutes, and throughout the relevant sections where the term "regulatory" is deleted and replaced with the new title. Additionally, the bill introduces definitions for "digital asset" and "financial technology, digital assets and blockchain sandbox," while removing the previous definition for "regulatory sandbox."

The bill also makes various conforming changes to ensure consistency with the new terminology. It clarifies the roles and responsibilities of the Attorney General in administering the sandbox program, including the application process for participants and the conditions under which they may test innovations. The updated language emphasizes the focus on financial technology and digital assets, ensuring that the program aligns with contemporary developments in the financial sector.

Statutes affected:
Introduced Version: 41-1491.10, 41-5601, 41-5602, 41-5603, 41-5604, 41-5605, 41-5606, 41-5607, 41-5608, 41-5609, 41-5611, 41-1491.34, 41-1491.24, 41-1491.29, 35-146, 35-147, 44-1531.01, 6-1241, 6-601, 6-114, 6-632, 6-635, 6-637, 44-281, 44-286, 44-287, 44-288, 44-289, 44-290, 44-291, 44-293, 47-9601, 44-3241, 44-7601, 18-552, 18-551