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Senate commerce committee splits on blockchain bill; sponsor-backed amendment wins
Summary
The committee adopted a sponsor-requested amendment to HB639 that tightens the bill's definition of digital-asset exchanges, but the underlying bill drew strong consumer-protection and fraud concerns and the committee split on passage, sending the measure for further study.
The Senate Commerce Committee on [date not specified] considered House Bill 639, an act addressing the use of and disputes over blockchain and digital currencies. Senator McHugh introduced an amendment requested by the Secretary of State and the Treasurer to refine the bill’s definition of a “digital asset exchange”; the committee adopted that amendment by voice…
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