The resolution proposes the establishment of a five-member special legislative study commission in Rhode Island to study blockchain technology and cryptocurrency. The commission's purpose is to recommend legislative proposals that encourage a positive economic environment and appropriate consumer protections for blockchain and cryptocurrency in the state.
The commission will submit an interim progress report and recommendations to the Secretary of Commerce, the General Treasurer, and the General Assembly no later than January 5, 2026, and a final report by January 5, 2027. The commission's existence will expire on February 5, 2027.
The resolution was introduced by Senators DiPalma, Bell, Burke, Gu, and Murray on February 26, and it has been referred to the Senate Artificial Intelligence & Emerging Tech committee.