|Posted:||December 5, 2022 12:39 PM|
|From:||Representative John T. Galloway|
|To:||All House members|
|Subject:||Digital Currency Task Force|
|The technology industry is consistently evolving and changing. While there are a multitude of new things that we can do with technology; one of the newest enhancements includes the ability to use digital currency to purchase everyday items such as pizza, fries, or groceries.
Digital currency is a form of currency that only exists in an electronic form. This type of currency not only changes in value on a day-to-day basis, but it is also unregulated on the federal, state, and local levels of government.
It is for this reason, that I have decided to propose legislation that would create the digital currency task force. This task force would conduct a study on digital currency, cryptocurrency, and blockchain industries, hold public hearings, and submit a report on its findings.
I hope that you will join me in co-sponsoring this proposal.
(Prior HB 1724)
Prior Co-Sponsors: JAMES, BURGOS, BROOKS, KENYATTA, T. DAVIS, SANCHEZ, HANBIDGE, PISCIOTTANO AND KINSEY
Introduced as HB407