Rhode Island 2025 Regular Session

Rhode Island House Bill H5810

Introduced

2/28/25

Refer

2/28/25

Caption

JOINT RESOLUTION CREATING A SPECIAL LEGISLATIVE COMMISSION TO STUDY BLOCKCHAIN AND CRYPTOCURRENCY (Creates a 7-member commission to for proposals encouraging a positive economic environment for blockchain and cryptocurrency, and would submit an interim report by January 5, 2026, a final report by January 5, 2027, and expires on February 5, 2027.)

Impact

The establishment of this commission is expected to have significant implications for state laws governing the use of blockchain and cryptocurrency. By studying the current regulatory frameworks and the economic potential of these technologies, the commission could propose changes that may enhance Rhode Island's position as a hub for blockchain-related activities. This proactive approach to understanding and potentially regulating cryptocurrency could foster economic development, attract technology firms, and create jobs within the state. The commission is tasked with ensuring that recommendations are made based on thorough research and in consultation with industry experts.

Summary

House Bill H5810 aims to establish a special legislative commission focused on studying blockchain technology and cryptocurrency within the state of Rhode Island. The commission will consist of seven members, including representatives from the state government and members of the public with expertise in relevant fields. This bill seeks to gather comprehensive data on the current landscape of blockchain and cryptocurrency, both nationally and within the state, and to review existing laws that affect these technologies. The study is intended to provide recommendations for legislative proposals to cultivate a favorable economic environment for these digital innovations.

Contention

While the bill appears to have widespread support, notable contentions may arise regarding the regulatory approach to cryptocurrency. Advocates may argue that a careful balance needs to be struck to facilitate innovation while also ensuring consumer protection and financial stability. There are also concerns about the transparency and inclusivity of the commission's findings, especially in addressing how proposed legislative changes will impact diverse stakeholders within the community. Additionally, discussions surrounding the potential risks and benefits of embracing blockchain technology could lead to divergences in opinion among legislators and citizens alike.

Latest RI H5810 Activity

View All Events: RI 2025 Regular Session H5810

Companion Bills

No companion bills found.

Previously Filed As

RI S2502

JOINT RESOLUTION CREATING A SPECIAL LEGISLATIVE COMMISSION TO STUDY BLOCKCHAIN AND CRYPTOCURRENCY (Creates a 5 member commission to recommend legislative proposals for blockchain and cryptocurrency, and submit an interim progress report by January 5, 2025, and a final report by January 5, 2026, and expire on February 5, 2026.)

RI H7817

RI S0142

Senate Resolution Creating A Special Legislative Commission To Study And Review Rhode Island's Minimum Wage (creates An Eleven (11) Member Special Legislative Study Commission Whose Purpose It Would Be To Study Rhode Island's Minimum Wage, And Who Reports Back To The Senate No Later Than May 4, 2024, And Whose Life Expires On January 4, 2025.)

RI S2124

SENATE RESOLUTION CREATING A SPECIAL LEGISLATIVE COMMISSION TO STUDY AND REVIEW RHODE ISLAND'S MINIMUM WAGE (Creates an eleven (11) member special legislative study commission whose purpose it would be to study Rhode Island's minimum wage, and who reports back to the Senate no later than May 4, 2025, and whose life expires on January 4, 2026.)

RI S3146

SENATE RESOLUTION CREATING A SPECIAL LEGISLATIVE COMMISSION TO STUDY RENEWABLE ENERGY PROGRAMS (This resolution would create an eight (8) member special legislative study commission whose purpose it would be to study renewable energy programs, and who would report back to the Senate by February 14, 2025, and would expire on June 30, 2025.)

RI H7093

HOUSE RESOLUTION CREATING A SPECIAL LEGISLATIVE COMMISSION TO STUDY AND PROVIDE RECOMMENDATIONS AND COMMENTS FOR HEALTHCARE LIABILITY REFORM (This resolution creates a 15 member special legislative commission to study and provide recommendations and comments for healthcare liability reform, and who would report back to the House by January 1, 2025, and expire on February 1, 2025.)

RI S2416

SENATE RESOLUTION CREATING A SPECIAL LEGISLATIVE COMMISSION TO STUDY THE IMPACT AND POTENTIAL ECONOMIC BENEFITS OF BAIL REFORMS ON BLACK RHODE ISLANDERS AND THE STATE (Creates an eleven (11) member commission to study the impact and potential economic benefits of bail reforms on Black Rhode Islanders and the State, and would report back by February 5, 2025, and expire on April 5, 2025.)

RI S0634

Senate Resolution Creating A Special Legislative Commission To Study The Impact And Potential Economic Benefits Of Bail Reforms On Black Rhode Islanders And The State (creates An Eleven (11) Member Commission To Study The Impact And Potential Economic Benefits Of Bail Reforms On Black Rhode Islanders And The State, And Would Report Back By February 5, 2024, And Expire On April 5, 2024.)

RI H7361

HOUSE RESOLUTION CREATING A SPECIAL COMMISSION TO MAKE A COMPREHENSIVE STUDY AND PROVIDE RECOMMENDATIONS FOR REMEDIES TO THE EROSION OF RHODE ISLAND BEACHES (Creates a 9 member commission to study and provide recommendations for remedies to the erosion of RI beaches, and would report back by January 5, 2025 and expire on March 5, 2025.)

RI H7156

JOINT RESOLUTION CREATING A SPECIAL LEGISLATIVE COMMISSION TO WRITE AN OLMSTEAD PLAN FOR RHODE ISLAND (This resolution creates a 28 member special legislative commission whose purpose is to write an Olmstead Plan for Rhode Island, and reports back to the General Assembly on or before January 3, 2025, and expires on July 1, 2025.)

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