Blockchain and cryptocurrency; Joint Commission on Technology & Science to examine use, etc.

Blockchain and Cryptocurrency Commission established; report. Establishes the Blockchain and Cryptocurrency Commissionin the legislative branch of state government for the purpose of studying and making recommendations related to blockchain technologyand cryptocurrency and fostering the appropriate expansion of blockchaintechnology and the cryptocurrency industry in the Commonwealth. Thebill provides that the Commission shall consist of 15 members andthat meetings shall be held at the call of the chairman or whenevera majority of the members so request. The bill clarifies that appointmentsto the Commission are required to be made within 45 days of the effectivedate of the bill and that the chairman and vice-chairman of theCommission are required to meet with its members no later than 90days after the effective date of the bill. Additionally, the billdirects the Commission to submit an executive summary to the Governorand the General Assembly of its findings and recommendations no laterthan one year after all appointments to the Commission have beenmade and annually thereafter and to submit such executive summaryfor processing no later than the first day of the 2026 Regular Sessionof the General Assembly.