title transfers, digital identification and financial
recordkeeping and transactions.
(5) At present, blockchain is a regulatory gray area
that states have attempted to address. In 2019, at least 32
states introduced legislation addressing blockchain
technology. As of March 16, 2021, 16 states have introduced
legislation addressing blockchain technology.
(6) In order to keep Pennsylvania at the forefront of
technological innovation and to allow Pennsylvania businesses
to compete by reaping the benefits of this growing
technology, careful research should be conducted to determine
the appropriate statutory and regulatory structure for
blockchain in this Commonwealth;
therefore be it
RESOLVED (the Senate concurring), That the Blockchain Working
Group be established; and be it further
RESOLVED, That the working group consist of the following
members, appointed within 90 days of the adoption of this
resolution:
(1) Eight members having knowledge and experience in
blockchain technology or representing an industry that would
benefit from the use of blockchain technology, as follows:
(i) Four members appointed by the President pro
tempore of the Senate, in consultation with the Majority
Leader and the Minority Leader of the Senate.
(ii) Four members appointed by the Speaker of the
House of Representatives, in consultation with the
Majority Leader and the Minority Leader of the House of
Representatives.
(2) One member of the Senate appointed by the President
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