Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee passes bill defining virtual currency ownership and liens
Summary
House Bill 1926, presented by Representative Meeks, would define virtual currencies (including Bitcoin and Ethereum) under Arkansas law and establish ownership and lien rules; the committee voted to pass the bill after sponsors agreed to reconcile definitional differences with the Money Services Act.
The Senate Insurance & Commerce Committee approved House Bill 1926, a measure that defines virtual or "cryptocurrency" assets, clarifies rights of ownership, and authorizes liens on those assets in certain commercial contexts.
Representative Meeks described the bill as filling a gap in Arkansas law by explicitly defining virtual currencies such as Bitcoin, Ethereum and others, and setting basic rules about ownership and the…
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
