25.3078.01000
Sixty-ninth
Legislative Assembly
of North Dakota
Introduced by
Representatives Richter, Dockter, Nathe, Toman, Wagner
Senator Bekkedahl
A concurrent resolution directing the Legislative Management to consider studying political
subdivisions making investments in stablecoins.
WHEREAS, stablecoins have emerged as a significant force in the evolving digital economy
offering potential benefits, including improved payment efficiency, enhanced financial inclusion,
and the ability to strengthen monetary policy objectives; and
WHEREAS, government custody of stablecoins presents several potential advantages,
including enhanced public trust and confidence, reduced concerns of fraud or manipulation,
enhanced regulatory oversight, reduced systemic risk, and support for innovation; and
WHEREAS, stablecoins involve potential risks such as rapid technological advancements,
global competition, cybersecurity threats, and market volatility;
NOW, THEREFORE, BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES OF
NORTH DAKOTA, THE SENATE CONCURRING THEREIN:
That the Legislative Management consider studying the feasibility and desirability of political
subdivisions making investments in cryptocurrency stablecoins; and
BE IT FURTHER RESOLVED , that the study include input from stakeholders, including
representatives from political subdivisions, regarding the security, risk management,
transparency, compliance, oversight, custodian selection, internal controls, and resource
allocation of political subdivisions making investments in stablecoins; and
BE IT FURTHER RESOLVED , that the Legislative Management report its findings and
recommendations, together with any legislation necessary to implement the recommendations,
to the Seventieth Legislative Assembly.
Page No. 1 25.3078.01000
HOUSE CONCURRENT RESOLUTION NO. 3022
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