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 in digital assets and their increasing presence in financial markets, 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, 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 compiled into a report to be submitted to relevant legislative committees and made publicly accessible by the deadline. The task force will be supported by the Louisiana State Employees' Retirement System (LASERS) and will dissolve upon the submission of its report or by February 1, 2025, whichever comes first.