This resolution establishes a special legislative study commission to explore the potential of blockchain and cryptocurrency in Rhode Island. The commission is tasked with reviewing data on blockchain and cryptocurrency, determining the current status of these technologies in relation to state laws, studying non-fungible tokens (NFTs), soliciting industry expert opinions, and compiling potential legislation to create a pro-business climate for blockchain and cryptocurrency in the state. The commission will consist of five members, including representatives from the Rhode Island Secretary of Commerce, the Department of Business Regulation, an academic institution, a financial institution, and an individual with experience in federal securities law. The appointing authorities are instructed to ensure diversity in the commission's membership.

The commission is required to meet at least four times a year and is authorized to conduct meetings electronically. It will operate without compensation but can be reimbursed for expenses. State departments and agencies are directed to assist the commission as needed. The commission must submit an interim report with findings and recommendations to the General Assembly by January 5, 2025, and a final report by January 5, 2026. The commission's recommendations should include data on blockchain and cryptocurrency, the current status of these technologies in Rhode Island, and legislative proposals to foster a positive economic environment for their growth. The commission's existence will expire on February 5, 2026, and all reports are to be made available electronically and posted on relevant department websites.