The bill amends Title 42 of the General Laws by adding a new chapter, Chapter 64.35, titled "Digital Asset Keys -- Prohibition of Production of Private Keys." This chapter prohibits the compelled production of a private key related to a digital asset, digital identity, or other interest or right, except in specific circumstances where a public key is unavailable or unable to disclose the requisite information.

The bill defines a "private key" as a unique element of cryptographic data that is held by a person, paired with a unique, publicly available element of cryptographic data, and associated with an algorithm necessary for executing a transaction.

Furthermore, the bill clarifies that it does not prohibit lawful proceedings that may compel a person to produce, sell, transfer, convey, or disclose a digital asset, digital identity, or other interest or right to which a private key provides access, provided that the person is not required to produce or disclose the private key except as otherwise required in the chapter. The act is set to take effect upon passage.