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

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

News
08/05/2022 by Koinal
48
In February, Chris Sununu, governor of New Hampshire, announced that he had signed an executive order creating "the governor's Commission on cryptocurrencies and digital assets.".
NH Governor Signs

Table of Contents

In February, Chris Sununu, governor of New Hampshire, announced that he had signed an executive order creating “the governor’s Commission on cryptocurrencies and digital assets.”. 

State and federal governments must work together to bring legal and regulatory certainty to the digital asset industry because clear rules of the road foster technology and innovation, said the governor.

Governor said, “New Hampshire is a hub for financial innovation. This executive order will further our commitment to attracting high-quality financial services and banks safely and responsibly.”

Digital asset laws must be drafted and implemented to bring legal and regulatory certainty to the industry since clear rules of the road foster technology and innovation. 

The Commission includes the Attorney General, the Commissioner of the Bank Department, a state senator, statewide representatives, and “three public members with recognized experience with cryptocurrencies,” the order details state. 

Among the critical areas addressed by the Commission are: 

  • Reviewing and investigating the current state of United States federal and state laws and laws of other jurisdictions, applicable to banks and other businesses that provide services related to cryptocurrencies and other digital assets. 
  • The Commission will hold public hearings to hear public testimony regarding cryptocurrency and digital asset economies. 
  • Additionally, it will report on recommendations for specific changes to laws and regulations applicable to cryptocurrency. 

What do you think of this executive order? Let us know in the comments section below.

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments