| 1 | 1 | | 25.3078.01000 |
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| 2 | 2 | | Sixty-ninth |
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| 3 | 3 | | Legislative Assembly |
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| 4 | 4 | | of North Dakota |
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| 5 | 5 | | Introduced by |
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| 6 | 6 | | Representatives Richter, Dockter, Nathe, Toman, Wagner |
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| 7 | 7 | | Senator Bekkedahl |
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| 8 | 8 | | A concurrent resolution directing the Legislative Management to consider studying political |
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| 9 | 9 | | subdivisions making investments in stablecoins. |
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| 10 | 10 | | WHEREAS, stablecoins have emerged as a significant force in the evolving digital economy |
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| 11 | 11 | | offering potential benefits, including improved payment efficiency, enhanced financial inclusion, |
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| 12 | 12 | | and the ability to strengthen monetary policy objectives; and |
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| 13 | 13 | | WHEREAS, government custody of stablecoins presents several potential advantages, |
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| 14 | 14 | | including enhanced public trust and confidence, reduced concerns of fraud or manipulation, |
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| 15 | 15 | | enhanced regulatory oversight, reduced systemic risk, and support for innovation; and |
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| 16 | 16 | | WHEREAS, stablecoins involve potential risks such as rapid technological advancements, |
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| 17 | 17 | | global competition, cybersecurity threats, and market volatility; |
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| 18 | 18 | | NOW, THEREFORE, BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES OF |
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| 19 | 19 | | NORTH DAKOTA, THE SENATE CONCURRING THEREIN: |
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| 20 | 20 | | That the Legislative Management consider studying the feasibility and desirability of political |
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| 21 | 21 | | subdivisions making investments in cryptocurrency stablecoins; and |
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| 22 | 22 | | BE IT FURTHER RESOLVED , that the study include input from stakeholders, including |
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| 23 | 23 | | representatives from political subdivisions, regarding the security, risk management, |
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| 24 | 24 | | transparency, compliance, oversight, custodian selection, internal controls, and resource |
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| 25 | 25 | | allocation of political subdivisions making investments in stablecoins; and |
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| 26 | 26 | | BE IT FURTHER RESOLVED , that the Legislative Management report its findings and |
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| 27 | 27 | | recommendations, together with any legislation necessary to implement the recommendations, |
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| 28 | 28 | | to the Seventieth Legislative Assembly. |
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| 29 | 29 | | Page No. 1 25.3078.01000 |
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| 30 | 30 | | HOUSE CONCURRENT RESOLUTION NO. 3022 |
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