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Committee sends blockchain bill to interim study after consumer and local-control concerns
Summary
HB 639, addressing blockchain and digital currencies, was amended and ultimately placed in interim study after senators raised concerns about local control, noise, grid impacts and consumer-protection gaps including fraud risks cited from other states.
The Commerce Committee considered House Bill 639, an act addressing blockchain use and disputes over digital currencies. The sponsor and proponents described the bill as business-friendly, but several senators said the measure needs more work before passage.
Senator Ricciardi urged caution, saying he could not support the bill as filed, citing examples in…
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