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2022 Senate Bill 888: Create government blockchain and cryptocurrency commission
Introduced by Sen. Jim Ananich D-Flint on February 24, 2022
To create a new state government “blockchain and cryptocurrency commission” comprised of specified officials and political appointees including industry representatives, for the purpose of "fostering an expansion of the industry in this state." The commission would also be tasked with examining “the feasibility, validity, risks, and admissibility, including privacy risks and benefits of using blockchain technology in state and local government and Michigan-based businesses;” and identifying “best practices for enabling blockchain technology and cryptocurrency transactions;” and “regulating the energy consumption associated with cryptocurrency”.   Official Text and Analysis.
Referred to the Senate Economic and Small Business Development Committee on February 24, 2022
Referred in the Senate on June 23, 2022
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Amendment offered by Sen. Tom Barrett R-Potterville on June 23, 2022
The amendment passed by voice vote in the Senate on June 23, 2022
To create a new state government “blockchain and cryptocurrency commission” comprised of specified officials and political appointees including industry representatives, for the purpose of "fostering an expansion of the industry in this state." The commission would also be tasked with examining “the feasibility, validity, risks, and admissibility, including privacy risks and benefits of using blockchain technology in state and local government and Michigan-based businesses;” and identifying “best practices for enabling blockchain technology and cryptocurrency transactions".
Received in the House on June 28, 2022
Referred to the House Financial Services Committee on June 28, 2022

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