NH Governor Signs Executive Order to Bring "Regulatory Certainty" to Cryptocurrency Industry
The governor of the U.S. state of New Hampshire has signed an executive order establishing a commission on 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. NH Executive Order on 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: 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.
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 focus on several key 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.
The Commission will hold public hearings to hear testimony regarding the development of cryptocurrency and digital asset economies.
In addition, it will make recommendations for specific modifications and improvements to laws and regulations applicable 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.” Tags in this story Executive Order, New Hampshire, New Hampshire Bitcoin, New Hampshire crypto, New Hampshire cryptocurrency, New Hampshire Governor, New Hampshire laws, New Hampshire regulation, NH
What do you think about this executive order by the New Hampshire governor? Let us know in the comments section below. Kevin Helms
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Indian Parliament Member Clarifies Legal Status of Cryptocurrency REGULATION | 7 hours ago Russian Regulators Find Common Ground — Bitcoin Can’t Be Used for Payments REGULATION | 9 hours ago
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