The proposed bill, HB 639-FN, seeks to create a legal framework for blockchain technology and digital currencies in New Hampshire by introducing a new chapter titled "Blockchain Basic Laws" into the state's legal code. It aims to enhance investor and consumer confidence by clarifying the legal status of blockchain technology. Key provisions include the establishment of a blockchain dispute docket within the superior court to handle related disputes, the definition of terms associated with blockchain and digital assets, and the protection of individuals' rights to use digital assets for transactions without facing excessive regulations or taxes. The bill prohibits state or local government agencies from restricting the use of digital assets for purchasing goods and services, allows individuals to self-custody their digital assets, and ensures that digital asset mining and node operation do not require a money transmitter license.

Furthermore, the bill modifies existing laws by limiting the Bureau of Securities' authority over digital asset mining and staking services, which will no longer be classified as securities or investment contracts, thereby preventing the Bureau from regulating these services or seeking restitution for investors. The bill also establishes a "Blockchain Dispute Docket" within RSA 491, which will have jurisdiction over blockchain-related disputes with the consent of the parties involved. The presiding justice for this docket will be appointed by the governor with the executive council's consent, and must have relevant expertise. While the bill does not allocate new funding or positions, it anticipates an indeterminable increase in litigation costs due to the new docket and potential civil cases in the superior court. The act will take effect 60 days after its passage.