HB 2654 Arizona House · 57th Legislature - First Regular Session

blockchain and cryptocurrency study committee

HB 2654 establishes a temporary 12-member study committee to examine blockchain and cryptocurrency in Arizona. The committee includes legislators, industry representatives from crypto companies and financial institutions, government officials (like the revenue director), academics, and association members. It must review current data on these technologies, assess existing Arizona laws, gather industry input, and submit two reports by December 2025 and 2026 with recommendations for future legislation. The committee will expire on September 30, 2027, after completing its work. This bill creates a process for informed policy development but does not change current laws or directly affect businesses or residents.

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

House Passage

Feb 2025

Senate Passage

Governor

Introduced Jan 27, 2025 Last action Mar 10, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Introduced Version → House Engrossed Version · 5 edits · Feb 26, 2025

MODERATE

The bill was transformed from a temporary study committee into a permanent commission with expanded powers and a longer lifespan. The original version was a short-term study group scheduled to end in 2027, while the new version creates a standing commission that operates until 2028 with broader responsibilities including workforce development, federal coordination, and pilot programs.

Scope change

The bill's scope expanded from a temporary study committee to a permanent commission with ongoing operational duties, subcommittee authority, and federal liaison responsibilities.

TIMELINE

Changed from a temporary study committee ending in 2027 to a permanent commission terminating on July 1, 2028, with repeal on January 1, 2029.

REQUIREMENT

Added new duties including workforce development, law enforcement training, federal coordination through a crypto czar, and pilot program development.

ELIGIBILITY

Replaced study-focused membership criteria with operational commission members including consulting firm directors, venture firm partners, and additional blockchain specialists.

ENFORCEMENT

Created authority to establish subcommittees and seek guidance from national and international blockchain experts.

REPORTING

Changed reporting requirements from annual reports to the legislature and governor to include detailed activities and legislative recommendations.

Floor votes · House Feb 26, 2025

How they voted

35–22

Passed · 3 other

Total votes 60

Feb 26, 2025

D Democratic27

13 Yea 14 Nay

51% Nay

R Republican33

22 Yea 8 Nay 3

66% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Feb 26, 2025

Lower · Passed

PASSED

lower

Feb 25, 2025

Lower · Passed

DPA

lower

Feb 18, 2025

Lower · Passed

DPA/SE

lower

1 primary · 0 co-sponsors