This bill amends Minnesota Statutes to enhance the requirements for the statement of economic interest by including disclosures related to stock and digital assets, specifically virtual currency. A new subdivision is added to define "digital asset" as digital-only assets that confer economic, proprietary, or access rights, which encompasses virtual currencies, stablecoins, and non-fungible tokens. The bill also modifies existing requirements for reporting investments, ownership, and interests, mandating that individuals disclose any digital assets valued over $10,000, along with details of transactions involving these assets during the reporting period.

Additionally, the bill updates the reporting requirements for stocks by requiring individuals to provide information on the dates and values of stock transactions, regardless of the transaction value. The amendments also introduce a new structure for reporting the value ranges of transactions involving both stocks and digital assets. The effective date for these changes is set for January 1, 2027.

Statutes affected:
Introduction: 10A.01, 10A.09