The bill introduces a new chapter, Chapter 64.35, to Title 42 of the General Laws, 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 cases where a public key is unavailable or unable to disclose the requisite information regarding the digital asset, digital identity, or other interest or right.

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 to execute a transaction.

Furthermore, the bill clarifies that it does not prohibit lawful proceedings that 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, or to disclose information about the digital asset, digital identity, or other interest or right, provided that the person is not required to produce or disclose the private key except as otherwise required in the bill. This act will take effect upon passage.