New Hampshire Governor issues executive order establishing commission to study crypto
Chris Sununu, who has served as the Governor of New Hampshire since 2017, has established a commission aimed at investigating the technology and laws around digital assets in addition to recommending new legislation.
On Wednesday, the New Hampshire Governor’s office announced it would be issuing Executive Order 2022-1 to create the Governor's Commission on Cryptocurrencies and Digital Assets. Governor Sununu cited the “rising use and acceptance” of crypto as well as the growth of distributed ledger and blockchain technologies in his decision to establish the commission.
According to the executive order, the crypto commission will have 180 days — until Aug. 8 — to submit a report to officials within the New Hampshire state government consisting of a “review and investigation regarding the current status of the cryptocurrency and digital asset industry” as well as on applicable laws in the United States and abroad. The commission will have the authority to hold public hearings to hear from industry and regulatory experts, and “make findings and determinations regarding the role and effectiveness of current state laws and regulations governing cryptocurrencies and other digital assets” while balancing economic competitiveness, the possible impacts on the financial system, and privacy concerns.
The order states that the commission will consist of “three public members with recognized experience with cryptocurrencies, digital assets and the provision of services to institutions or consumers with respect to digital assets,” the state Attorney General, Commissioner of the Bank Department, a state senator, a state representative, a representative of the New Hampshire Bankers Association, a representative of the Cooperative Credit
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