New Hampshire governor John Engler has signed an executive decree establishing the commission for cryptocurrencies and digital assets. “Federal and state governments must work to bring legal and regulatory certainty to the digital asset industry because clear rules of the road foster technology and innovation,” said the governor.
Executive Order from NH regarding Cryptocurrency
Governor Chris Sununu of New Hampshire announced last week that he has signed an executive order establishing “the governor’s Commission on cryptocurrencies and digital assets.”
The governor explained: “New Hampshire is a hub of financial innovation, and this executive order will further our commitment to attracting high-quality banking and financial businesses in a safe and responsible manner.” He stressed:
Because clear regulations and rules foster innovation and technology, both the federal and state governments need to work together.
Members of the Commission shall include the Attorney General, the Commissioner of the Bank Department, one state senator, one state representative, and “three public members with recognized experience with cryptocurrencies,” the order details.
The Commission will concentrate on several important areas including:
Reviewing and investigating the current status of United States federal and state laws and regulatory rules, and laws of other non-United States jurisdictions, applicable … to banks and other businesses that provide services with respect to cryptocurrencies and other digital assets.
To hear evidence regarding cryptocurrency development and other digital asset economies, the Commission will host public hearings.
It will also make suggestions for modifications to existing laws and regulations that apply to cryptocurrency.
According to the executive order, “No later than 180 days from the date of this order, the Commission shall submit a report containing its findings, determinations, and recommendations to the governor, the speaker of the House, and the president of the senate.”
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