New Hampshire gov releases report on blockchain following executive order

Chris Sununu, the politician of New Hampshire, has released the results of an probe from a ​​commission aimed astatine recommending legislation astir integer assets and blockchain arsenic portion of a 2022 enforcement order.

In a Jan. 19 announcement, Sununu said the Commission connected Cryptocurrencies and Digital Assets had reported the ineligible and regulatory presumption of cryptocurrencies and integer assets was “highly uncertain,” stymying improvement and starring to little extortion for investors and consumers. The radical recommended New Hampshire found a authorities ineligible authorities aimed astatine drafting successful blockchain firms and individuals.

According to the report, sent to the politician connected Dec. 22, the committee considered the quality origin successful its recommendations, alluding to the illness of FTX and the apprehension of its erstwhile CEO Sam Bankman-Fried — i.e. "criminal fraud resulting successful the nonaccomplishment of billions of dollars of lawsuit assets”. Specifically, it recommended establishing ineligible presumption for decentralized autonomous organizations, oregon DAOs, putting funds into the state’s tribunal strategy for resolving disputes involving blockchain issues, and encouraging the government’s banking section to supply “clear, nationalist and proactive guidance” connected however fiscal institutions whitethorn grip integer assets.

“New Hampshire should instrumentality beardown pro-active and nationalist steps to physique a amended ineligible infrastructure for dependable improvement of Blockchain technologies and its applications,” said the report.

The radical concluded with the following:

“The Commission expects that Blockchain technologies volition proceed to germinate and develop, and go much integrated into our nine and system [...] this adjacent signifier of improvement should beryllium accomplished not lone done innovations successful machine bundle protocols, but besides should beryllium accompanied by improvements successful the ineligible infrastructure that needfully operates successful parallel with these activities.”

Related: Tennessee lawmaker introduces measure which would let authorities to put successful crypto

Sununu referred to the study arsenic “comprehensive and timely”. Other U.S. authorities governors person pushed efforts to found regulatory clarity for crypto and blockchain, including California, portion New York Governor Kathy Hochul stood down a proposal to prohibition crypto mining operations not based connected 100% renewable energy.