The bill establishes the Montana Blockchain and Digital Innovation Task Force, which will be administered by the Department of Administration. The task force will consist of 21 members, including representatives from the attorney general's office, the state auditor's office, and various appointed members from the Senate, House of Representatives, and the governor's office. Members will be selected based on their experience in blockchain, cryptocurrency, financial technology, and digital innovation. The task force is tasked with developing expertise in these areas and making policy recommendations to promote the adoption and regulation of blockchain and related technologies in Montana.
The task force is required to report its findings and recommendations to the economic affairs interim committee and the legislative council by July 1, 2026. The bill also specifies that the task force will terminate on December 31, 2026, and outlines the compensation structure for legislative members. The act is effective immediately upon passage and approval.