This resolution establishes a special legislative study commission in Rhode Island to explore the potential of blockchain technology and cryptocurrency in fostering a pro-business environment within the state. The commission will consist of five members, including the Rhode Island Secretary of Commerce as Chair, the Director of the Department of Business Regulation, and three public representatives with expertise in blockchain, finance, and federal securities law. The commission's objectives include reviewing national data on blockchain and cryptocurrency, assessing the current legal landscape in Rhode Island, studying non-fungible tokens, and gathering insights from industry experts.

The commission is tasked with compiling an overview of potential legislative proposals aimed at enhancing the state's economic climate for blockchain and cryptocurrency. It is required to submit an interim report by January 5, 2026, and a final report by January 5, 2027, detailing its findings and recommendations. The commission will operate with a focus on diversity in its membership and will meet at least four times a year, with the ability to conduct meetings electronically. The resolution emphasizes the importance of collaboration with state departments and mandates that all reports be made publicly accessible on relevant state websites.