This bill establishes a new legal framework in New Hampshire to protect blockchain technology and its users by creating a chapter titled "Blockchain Basic Laws" within the state's legal code. It aims to enhance investor and consumer confidence by providing clear definitions for key terms such as "blockchain," "digital asset," "smart contract," and "digital asset mining business." The bill prohibits state or local government agencies from restricting the use of digital assets for transactions, mandates non-discriminatory electricity rates for digital asset mining businesses, and allows home digital asset mining in compliance with local noise ordinances. Additionally, it exempts individuals or businesses operating nodes on blockchain protocols from needing a money transmitter license, thereby reducing regulatory burdens.

Furthermore, the bill amends existing laws to clarify that digital asset mining and staking services will not be classified as securities or investment contracts under RSA 421-B. It introduces new legal language that protects businesses from liability for validating transactions and allows individuals affected by violations to seek relief through a newly established blockchain dispute docket. This docket will handle blockchain-related disputes with a presiding justice who has expertise in law and technology. The bill includes a severability clause to ensure enforceability of remaining provisions if any are deemed invalid, and it sets an effective date for the blockchain dispute docket of January 1, 2026, while the rest of the act will take effect 60 days after passage. The fiscal impact remains indeterminable, with potential increases in litigation costs and civil cases, alongside limitations on the Bureau of Securities' authority.