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Committee concurs in Senate amendment clarifying crypto is not legal tender
Summary
The committee approved concurrence in a Senate amendment to HB 1746 clarifying that digital currency is not legal tender, aligning the UCC amendments with earlier legislation.
Representative Matt Brown explained a concurrence on House Bill 1746, describing a drafting error in earlier Uniform Commercial Code (UCC) amendments that could have undone a prior statutory clarification. Brown said the legislature previously passed Senate Bill 133, which “clarified that a crypto digital currency is not legal money,” and that the UCC amendments needed to be aligned with SB 133.
Brown framed the change as technical: the concurrence “syncs up the definition of that bill to the definitions 1 33, so there's no issue. It makes it very clear that, crypto is not legal tender.” No witnesses registered opposition; the committee took a motion to concur, approved by voice vote, and the chair announced the concurrence passed.
