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 19 members, including representatives from the attorney general's office, the state auditor's office, the Senate, the House of Representatives, and the governor's office. Members will be appointed based on their experience in blockchain, cryptocurrency, financial technology, or digital innovation technology. The task force is tasked with developing expertise in these areas and making policy recommendations to promote the adoption of blockchain and related technologies in Montana. The task force will also report its findings to the economic affairs interim committee and the legislative council by July 1, 2026.
The bill specifies that members must be appointed within 30 days of the act's effective date, with terms lasting until December 31, 2026. It also outlines compensation for legislative members and establishes quorum requirements for decision-making. The act will take effect immediately upon passage and approval, and the task force will terminate on December 31, 2026.