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Commerce panel trims crypto bill language, adds court protections and routes trust provision to study
Summary
Lawmakers narrowed a wide-ranging digital assets bill, cutting references to stablecoins and staking, reducing an investment cap from 10% to 5%, and agreeing to send a proposal on blockchain‑based trusts to a study commission. The panel also debated private‑key court access and a blockchain dispute docket.
The House Commerce and Consumer Affairs subcommittee moved a multi‑part digital assets bill toward amendment after a detailed line‑by‑line review. Sponsors said the bill’s stablecoin and staking language was removed and the proposed cap on digital asset investment by the treasurer was reduced from 10% to 5%.
Treasury oversight and the state treasurer’s discretion were central themes. A sponsor said the bill is “enabling” rather than mandatory for the treasurer: the measure would give the treasurer a toolbox to consider…
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