Bill Text: HI SB2695 | 2022 | Regular Session | Amended
Bill Title: Relating To Cryptocurrency.
Spectrum: Partisan Bill (Democrat 10-0)
Status: (Passed) 2022-06-17 - Act 070, on 06/17/2022 (Gov. Msg. No. 1170). [SB2695 Detail]
Download: Hawaii-2022-SB2695-Amended.html
|
THE SENATE |
S.B. NO. |
2695 |
|
THIRTY-FIRST LEGISLATURE, 2022 |
S.D. 2 |
|
|
STATE OF HAWAII |
|
|
|
|
|
|
|
|
||
|
|
||
A BILL FOR AN ACT
RELATING TO CRYPTOCURRENCY.
BE IT
ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. (a) There is established the blockchain and cryptocurrency task force to be placed within the department of commerce and consumer affairs for administrative purposes.
(b) The task force shall consist of the following members:
(1) Three members of the senate and three members of the house of representatives who shall be appointed by the president of the senate and speaker of the house of representatives, respectively; provided that not more than four of the members shall be of the same political party; provided further that the president of the senate and speaker of the house of representatives shall designate one member each to serve as co-chairpersons of the task force;
(2) The director of finance or the director's designee;
(3) A representative from the department of commerce and consumer affairs' division of financial institutions;
(4) A president or chief financial officer of a Hawaii-based cryptocurrency company who shall be appointed by the governor;
(5) A representative from a Hawaii-based bank or financial institution who shall be appointed by the governor;
(6) A representative of a Hawaii-based cryptocurrency exchange who shall be appointed by the governor;
(7) A representative of a Hawaii-based company with a focus on non-transactional blockchains who shall be appointed by the governor;
(8) A representative of a Hawaii-based blockchain payments solution company who shall be appointed by the governor;
(9) A professor from the University of Hawaii who specializes in blockchain who shall be appointed by the governor;
(10) A representative of a company with a business model that uses blockchain for non-cryptocurrency transaction purposes who shall be appointed by the governor;
(11) A representative of a blockchain or cryptocurrency association who shall be appointed by the governor; and
(12) One member of the public who shall be appointed by the governor.
(c) The task force shall:
(1) Meet as often as the chairperson deems necessary, which may include conducting meetings via interactive conference technology;
(2) Review data and other aspects of the blockchain and cryptocurrency industry throughout the country, including but not limited to the development of a plan to expand blockchain adoption in both the private and public sectors, to be regulated within the jurisdiction and purview of the department of commerce and consumer affairs' division of financial institutions;
(3) Compile an overview of potential legislation;
(4) Solicit ideas and opinions of industry experts
on additional legislation; and
(5) Submit a report of its findings and
recommendations, including any proposed legislation, to the legislature no
later than twenty days prior to the convening of the regular session of 2024, at which point the task force shall
dissolve.
(d) The members of the task force shall not be compensated for their services, but shall be reimbursed for necessary expenses, including travel expenses, incurred while participating in meetings and events approved by the chairpersons. No member of the task force shall be made subject to chapter 84, Hawaii Revised Statutes, solely because of the member's participation in the task force.
SECTION 2. This Act shall take effect upon its approval.
Report Title:
Blockchain; Cryptocurrency; Study; Task Force; Establishment
Description:
Establishes a Blockchain and Cryptocurrency Task Force. (SD2)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
