NH Governor Signs Executive Order to Bring ‘Regulatory Certainty’ to Cryptocurrency Industry

Bitcoin News

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

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.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read disclaimer

Articles You May Like

Post-Ethereum ETF Analysis: ETH Price Seeks Bottom As Bulls Eye $5,000 Target
Ethereum Deposits At 4-Month High: Whales Preparing For Selloff?
Ethereum Shifts Gears: Breaks Key Resistance, New All-Time Highs Next
Did MicroStrategy Mess Up By Choosing Bitcoin Over Ethereum? Analyst Weighs In
ETH/BTC Bounces From A 7-Year Support Trend Line: Ethereum To $4,900?