According to the commission, New Hampshire should work toward building a legal framework “for sound development of blockchain technologies and its applications.”
The governor of New Hampshire released the report of a committee he set up under administrative regulations last year, which will continue to propose laws that closely revolve around digital assets and blockchains.
In an announcement on January 19th, Charles Sununu stated that the Committee on Digital money and Digital assets had already reported that the influence of legal regulation of digital money and digital assets was "relatively highly uncertain", limiting trends and thus reducing the maintenance of investors and consumers.
The group proposes that New Hampshire establish a state legal system dedicated to attracting blockchain companies and individuals. Specifically, it proposes to establish litigation status for fragmented autonomous organizations or DAO; allocate funds to our court system to alleviate disputes involving blockchain technical issues; and support the banking sector of relevant departments to give "specific guidance" on how financial enterprises deal with digital assets.
According to the report, submitted to the governor on December 22nd, the committee took into account human factors in its proposal, alluding to the collapse of FTX and the arrest of former CEO Nick Bankman-Fried, that is, "billions of dollars in loss of user assets caused by criminal fraud."
"New Hampshire should adopt a strong, proactive and public release process to build a better legal and regulatory infrastructure for the healthy development of blockchain applications and their applications," the report said. "
The views of the report are as follows:
The committee predicts that blockchain applications will continue to evolve and develop and become more integrated into our society and economy. The development trend of this next stage should not only be achieved through the independent innovation of computer technology contracts, but also be accompanied by the improvement of laws and regulations infrastructure construction, which must be processed and run in parallel with such activities.
Sununu called the report "omni-directional and timely". Other foreign governors, including Florida, have been promoting persistent efforts to control picture quality for login passwords and blockchain technology. Nien Hochul, the governor of New York, applied a proposal to strictly ban the business process of encrypting and excavating data from non-100% renewable resources.