If enacted, this bill would update the current statutes by renaming the "Regulatory Sandbox Program" to the "Financial Technology, Digital Assets and Blockchain Sandbox Program." It would also modify the definition of "innovation" to explicitly include the use of digital assets, thereby broadening the scope of what constitutes an innovative financial product or service. The bill introduces a new definition for "digital assets," which encompasses virtual currencies, cryptocurrencies, and other digital-only assets that provide economic, proprietary, or access rights.

Additionally, the bill makes several technical and conforming changes throughout the existing statutes, ensuring that all references to the regulatory sandbox align with the new title and definitions. It retains the core structure of the current program while enhancing its relevance to emerging technologies in the financial sector. Overall, the updates aim to facilitate the testing of innovative financial products and services, particularly those involving digital assets, without the need for traditional licensing or authorization.

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
House Engrossed 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