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Bill

HB 454

Digital Asset and Blockchain Technology Task Force - Establishment

2025 Regular Session Introduced by Adrian Boafo and 1 co-sponsor

Maryland establishes a blockchain and digital asset task force to study opportunities, challenges, and develop policy recommendations for the state's evolving crypto and blockchain sector.

Hearing 1/28 at 1:00 p.m.
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Bill Summary · HB 454

Legislative bill overview

HB 454 would establish a task force in Maryland dedicated to studying digital assets and blockchain technology. The task force would examine the current state of these technologies in the state, identify opportunities and challenges, and develop policy recommendations for legislative and regulatory action.

Why is this important

Maryland seeks to position itself competitively in the emerging digital asset economy, which includes cryptocurrency, NFTs, and blockchain applications. The task force's recommendations could shape whether Maryland becomes more or less favorable to crypto businesses and innovation compared to neighboring states and national competitors.

Potential points of contention

  • Regulatory clarity vs. consumer risk: Supporters argue clear blockchain policies attract business investment; opponents worry premature promotion could expose residents to scams or financial losses in volatile markets
  • Task force composition and bias: Questions about whether membership will represent consumer protection advocates, industry interests, or a balanced mix could determine whether recommendations favor innovation or caution
  • Resource allocation: Some may argue state resources should address immediate fiscal priorities rather than emerging technology exploration

Compiled from official sources — confirm details with the bill’s official record.

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