Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate bill would create regulatory pathway for network tokens, attract decentralized‑infrastructure businesses
Summary
Sen. Zolnikoff presented SB 265 to establish a regulatory framework for network tokens and decentralized protocols, including registration requirements and a prohibition on central bank digital currencies; wide industry testimony urged passage and committee members raised questions about membership and consumer protection.
Senator Daniel Zolnikoff introduced Senate Bill 265, a comprehensive bill to create a regulatory pathway for “network tokens” and related decentralized physical‑infrastructure networks (sometimes called DPIN or "Deepin" in testimony), and to clarify that certain network tokens are not securities under Montana law.
The sponsor said the bill aims to give legitimate projects a route to operate in the United States and to attract companies that otherwise incorporate offshore because of regulatory uncertainty. He described provisions that would require registration with the securities commissioner for projects…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
