The proposed 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 establishes that individuals cannot be compelled to produce or disclose their private keys related to digital assets, digital identities, or other rights in any legal proceedings, unless a public key is unavailable or insufficient to provide the necessary information. The bill defines a "private key" as a unique cryptographic element that is paired with a publicly available counterpart and is essential for executing transactions.

Additionally, the bill clarifies that it does not prevent lawful proceedings that may require the production or disclosure of digital assets or identities, as long as the private key itself is not mandated to be disclosed unless specified by the law. The act is set to take effect upon passage, reinforcing the protection of individuals' private keys in relation to their digital assets.