Six Crypto Bills Scheduled for Hearings

The sprawling set of proposed legislation to expand access to crypto in the state if Hawaii is starting to emerge at the Capitol, with six bills scheduled for their first committee hearings on Monday and Tuesday.

Notably, SB3025 and HB2018 are the first complementary House and Senate bills to get on the calendar.

Most of this sessions bills were drafted by Sen. Bennette Misalucha and Sen. Glenn Wakai, collaborating with Rep. Patrick Branco. Sens. Misalucha and Wakai head the Senate Committee on Energy, Economic Development, and Tourism, and the committee hearing on Monday includes only three of their crypto bills.

Here is a list of the bills with links to their status and testimony submission pages. Please note that testimony is always due 24 hours prior to the hearing date and time. For example, testimony on SB2695 is due by 3:10 p.m. on Sunday, February 6.

SB2695, creating a cryptocurrency task force, is scheduled for 3:10 p.m. on February 7, 2022.

SB2697, which excludes crypto exchanges from the Money Transmitter Act, is also scheduled for 3:10 p.m. on February 7, 2022.

SB2698, which advocates a constitutional change affecting all mediums of exchange, is also scheduled for 3:10 p.m. on February 7.

SB2696, the Wakai/Misalucha bill allowing state payments in crypto, is scheduled for 3:30 p.m. on Feb. 7.

SB3076, the DFI bill to expand licensing to include crypto exchanges, will be heard at 10 a.m. on Feb. 8.

HB2108, the DFI bill companion in the House, will be heard at 2 p.m. on Feb. 8.

Photo by André François McKenzie on Unsplash.

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