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Introduced Version House Concurrent Resolution 29 History

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HOUSE CONCURRENT RESOLUTION 29

(By Delegates Iaquinta, Maynard, A. Evans, Brewer, Ferro, Robinson, Sponaugle and Williams)

[Introduced January 23, 2018; Referred to the Committee on Banking and Insurance then Rules]

 

Requesting the Joint Committee on Government and Finance study Bitcoin, its future and potential impact on the state, it’s citizens, and businesses.

Whereas, In 2017 the Global Cryptocurrency Study was published by Cambridge University; and

Whereas, As Bitcoin stands to affect many West Virginians, their businesses, and their governmental agencies; and

Whereas, Many aspects of Bitcoin need to be studied, including how it achieves decentralization, its mechanics, the mining of Bitcoin, its anonymity, its regulation, Bitcoin as a platform, altcoins, and the cryptocurrency ecosystem, and Bitcoin’s future; therefore, be it

Resolved by the Legislature of West Virginia:

That the Joint Committee on Government and Finance is hereby requested to study Bitcoin, its future and potential impact on the state, it’s citizens and businesses; and, be it

Further Resolved, That the Joint Committee on Government and Finance enlist the assistance of other state agencies and departments as necessary in conducting the study; and, be it

Further Resolved, That the Joint Committee on Government and Finance report to the regular session of the Legislature, 2019, on its findings, conclusions and recommendations, together with drafts of any legislation necessary to effectuate its recommendations; and, be it

Further Resolved, That the expenses necessary to conduct this study, to prepare a report and to draft necessary legislation be paid from legislative appropriations to the Joint Committee on Government and Finance.

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