{"id":10469,"date":"2022-05-03T08:43:41","date_gmt":"2022-05-03T08:43:41","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/hawaii-senate-committees-favor-task-force-to-regulate-crypto-blockchain\/"},"modified":"2022-05-03T08:43:44","modified_gmt":"2022-05-03T08:43:44","slug":"hawaii-senate-committees-favor-task-force-to-regulate-crypto-blockchain","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/hawaii-senate-committees-favor-task-force-to-regulate-crypto-blockchain\/","title":{"rendered":"Hawaii Senate committees favor task force to regulate crypto, blockchain"},"content":{"rendered":"
Two committees of the Hawaii State Legislature \u2014 Commerce and Consumer Protection (CPN) and Ways and Means (WAM) \u2014 unanimously approved the launch of a specialized task force to explore the use and regulation of the crypto ecosystem.<\/p>\n
In a letter addressed to the President of the Hawaii Senate, Ron Kouchi, legislative members Donovan Dela Cruz and Roz Baker wrote in support of creating a \u201cBlockchain and Cryptocurrency Task Force\u201d that was first proposed in bill SB2695.<\/p>\n
SB2695, titled \u201cA BILL FOR AN ACT RELATING TO CRYPTOCURRENCY,\u201d sought to establish a task force within the Department of Budget and Finance to review and compile country-wide data on crypto and blockchain. The task force would submit findings and potential legislation back to the State Capitol \u2014 which involves providing a plan to expand blockchain adoption in both the private and public sectors.<\/p>\n