Introduced
by
To create a new state government “blockchain and cryptocurrency commission” comprised of specified officials and political appointees including industry representatives, for the purpose of "fostering an expansion of the industry in this state." The commission would also be tasked with examining “the feasibility, validity, risks, and admissibility, including privacy risks and benefits of using blockchain technology in state and local government and Michigan-based businesses;” and identifying “best practices for enabling blockchain technology and cryptocurrency transactions;” and “regulating the energy consumption associated with cryptocurrency”.
Referred to the Committee on Economic and Small Business Development
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Amendment offered
by
The amendment passed by voice vote
Passed in the Senate 28 to 10 (details)
To create a new state government “blockchain and cryptocurrency commission” comprised of specified officials and political appointees including industry representatives, for the purpose of "fostering an expansion of the industry in this state." The commission would also be tasked with examining “the feasibility, validity, risks, and admissibility, including privacy risks and benefits of using blockchain technology in state and local government and Michigan-based businesses;” and identifying “best practices for enabling blockchain technology and cryptocurrency transactions".
Referred to the Committee on Financial Services
