This bill creates authority for the state treasurer to invest public funds in certain digital assets.
This bill:
- defines terms;
- prohibits state and local governmental entities from restricting the acceptance or custody of digital assets;
- establishes the right to operate nodes, develop software, transfer digital assets, and participate in staking on blockchain protocols;
- creates exemptions from money transmitter licensing requirements for certain blockchain and digital asset activities;
- restricts the ability of political subdivisions to impose sound limitations or zoning restrictions on digital asset mining businesses in industrial zones; and
- makes technical and conforming changes.

Statutes affected:
Introduced: 51-7-2
Substitute #1: 51-7-2
Substitute #2: 51-7-2