Cryptocurrency

Summary

The law prevents any state board, commission, department, or political subdivision from accepting or requiring payment in a central bank digital currency (CBDC) and from taking part in CBDC testing. It affirms that individuals and businesses may freely accept, hold, and use digital assets for purchases, that such payments cannot face extra state taxes, and that mining operations must not overload the electric grid. The bill also exempts crypto‑related activities from money‑transmitter licensing and clarifies that mining‑as‑a‑service and staking‑as‑a‑service are not securities, while giving the Attorney General authority to pursue fraud claims.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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