SJR58 Alabama 2024 Session

Summary

Primary Sponsor

Greg AlbrittonSenator

Republican

Session

Regular Session 2024

Title

Alabama Blockchain Study Commission, established

Summary

SJR58 creates the Alabama Blockchain Study Commission to study blockchain and cryptocurrency and make recommendations to the Legislature, with a report due and the commission dissolving after the 2026 session.

What This Bill Does

It establishes a diverse commission to study blockchain technology and cryptocurrency, including government officials and private sector representatives. The commission will examine laws, feasibility of government and business use, tax implications, energy impacts from mining, and best practices, and gather stakeholder input. It must hold a first meeting by August 1, 2024, publish findings in a report by the third legislative day of each regular session, and dissolve after filing its 2026 report.

Who It Affects

• State government and regulatory bodies (e.g., Governor, Secretary of State, Attorney General, Department of Finance, and various commissions and departments) as participants in the study and potential implementation of recommendations.
• Banks, credit unions, business and professional groups, and industry associations (e.g., Alabama Bankers Association, Alabama Credit Union Association, Alabama Bar, Alabama Association for Justice, Business Council of Alabama, NFIB, Alabama Blockchain Alliance, Energy Institute of Alabama) that will participate and may be affected by any proposed policies or oversight.

Key Provisions

• Establishes the Alabama Blockchain Study Commission with membership including government officials and private sector representatives, with ability to add members by majority vote and a diversity requirement.
• Directs the commission to study blockchain and cryptocurrency topics: applicable laws/regulations, feasibility of government and business use (records, services, court actions, registries, voter records, elections), potential tax changes, impact of digital asset mining on the energy grid, and best practices to enable blockchain/cryptocurrency and benefits to underrepresented or unbanked individuals.
• First meeting to be held by August 1, 2024, at which a chair and vice chair are elected; the commission may meet as needed subsequently; administrative support provided by specified state agencies.
• Legislative members receive compensation, per diem, and travel expenses; nonlegislative members serve without pay but may be reimbursed for necessary expenses.
• The commission must prepare a report with findings and recommendations by the third legislative day of each regular session; after filing its 2026 report, the commission is dissolved and discharged of duties.
• Notice of meetings and copies of final reports/documents must be provided to the Secretary of State; appointing authorities receive copies of the resolution.

AI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Resolutions