Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee hears multiple crypto-related bills; holds measures to refine licensing, pension options and stablecoin rules
Summary
Representative Pierce presented a group of digital-asset bills (HB 10-42, HB 12-17 and related measures) addressing optional retirement-plan access to crypto, state licensing pathways for payment stablecoins and legal clarity for custody and self-custody; the committee heard a mix of industry support and cautious neutrality from banks and credit unions and held the bills for further drafting.
Representative Pierce presented HB 10-42 to modernize state law for digital assets by clarifying optional mechanisms for defined-contribution accounts, preserving self-custody rights and preventing inconsistent local rules. He also introduced HB 12-17, a companion to the federal 'Genius' payment-stablecoin framework, to create a state licensing pathway for payment stablecoins that are fully backed…
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
