Senate Concurrent Resolution No. by Senator Owen establishes the Digital Asset Investment Task Force in Louisiana to evaluate the potential risks and benefits of the state's public retirement systems investing in digital assets, such as cryptocurrencies and exchange-traded funds (ETFs). The task force is tasked with conducting a thorough study and providing recommendations by February 1, 2025. This initiative comes in response to the growing interest and market presence of digital assets, which have seen significant developments, including the approval of Bitcoin ETFs by the U.S. Securities and Exchange Commission.

The task force will consist of twelve members, including representatives from the Louisiana legislature, the governor's office, the state treasurer, and experts in digital assets and investment strategies. It is required to meet at least three times before the end of 2024 and will seek input from various stakeholders, including investment advisors and public retirement system members. The findings and recommendations will be reported to several legislative committees and made publicly available by the deadline, ensuring transparency and informed decision-making regarding the potential inclusion of digital assets in Louisiana's public retirement investment portfolios.