SB17 Alabama 2025 Session

Summary

Primary Sponsor

Merika Coleman Senator

Democrat

Session

2025 Regular Session

Title

Digital assets, prohibits the state from certain actions related to digital assets and exempts certain actions from classification as a security or money transfer

Description

In general, digital assets broadly refer to any digital representation of value which is recorded electronically, such as virtual currency or cryptocurrency.

This bill would prohibit the state from restricting the use or storage of digital assets, levying additional taxes on digital assets, restricting digital asset mining, or enacting zoning restrictions or noise restrictions specific to digital asset mining.

This bill would exempt digital asset mining, staking, and the operation of a node from classification as a security or money transmission.

This bill would also define terms.

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Subjects

Government Administration