The proposed bill, HB 639-FN, aims to create a comprehensive legal framework for blockchain technology and digital assets in New Hampshire. It introduces a new chapter titled "Blockchain Basic Laws," which includes definitions for essential terms such as "blockchain," "digital asset," and "smart contract." Key provisions include the establishment of a Blockchain Dispute Docket within the superior court to handle blockchain-related disputes, the protection of individuals' rights to use digital assets without incurring additional taxes, and the allowance for home digital asset mining under local noise ordinances. The bill also prohibits state and local agencies from imposing restrictions on digital asset usage or setting discriminatory rates for digital asset mining businesses.

Significant insertions in the bill include the establishment of a right to private keys, which protects individuals from being compelled to disclose their private keys in legal proceedings, and the recognition of trusts administered through smart contracts. Additionally, the bill limits the Bureau of Securities' authority by preventing it from regulating digital asset mining or staking services, which will no longer be classified as securities. While the bill aims to bolster consumer and investor confidence in blockchain technology, it raises concerns about jurisdiction and the applicability of existing laws, potentially leading to increased litigation costs and complexities in legal interpretations. The effective date for the Blockchain Dispute Docket is set for January 1, 2026, while other provisions will take effect 60 days after passage.

Statutes affected:
Introduced: 5-C:14, 5-C:96
As Amended by the Senate: 5-C:14, 5-C:19, 5-C:96
As Amended by the House: 5-C:14, 5-C:96
Version adopted by both bodies: 5-C:14, 5-C:96
CHAPTERED FINAL VERSION: 5-C:14, 5-C:96