Vote Smart's Synopsis:

Vote to pass a bill that establishes state legal protections for cryptocurrency.

Highlights:

• Prohibits digital assets used as a method of payment from being subject to any additional tax, withholding, assessment, or charge by the state or local government that is based solely on the use of the digital asset as a method of payment (Sec. 2).

• Defines “digital assets” as cryptocurrencies, natively electronic assets, including stable coins and nonfungible tokens, and other digital-only assets that confer economic, proprietary, or access rights or powers (Sec. 5).

Full Bill Text