Digital assets, prohibits the state from certain actions related to digital assets and exempts certain actions from classification as a security or money transfer

SB 17 prohibits Alabama from restricting how people use or store digital assets (like cryptocurrency), imposing extra taxes when digital assets are used for payments, or banning digital asset mining in industrial zones. It exempts digital asset mining, staking, and node operations from being classified as "securities" or "money transmission" under state law. The bill also ensures individuals can use self-hosted or hardware wallets without state interference and provides tax exemptions for small digital asset transactions under $200. This directly affects consumers using digital assets for purchases, businesses operating mining facilities, and staking service providers. The law takes effect on October 1, 2025.