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 for executing transactions.

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, as long as the private key itself is not required to be disclosed except as specified in the bill. This act is designed to protect individuals' rights regarding their digital assets and will take effect upon passage.