Commission on Cryptocurrencies and Digital Assets

The Governor’s Commission on Cryptocurrencies and Digital Assets was established by Governor Christopher T. Sununu to review the current status of the cryptocurrency and digital asset industry, relative federal and state laws, and to make findings and determinations relative to the industry and any necessary modifications.

Executive Order

Executive Order 2022-1: An order establishing the Governor’s Commission on Cryptocurrencies and Digital Assets

The Governor's Executive Order directs this Commission to:

Make findings and determinations regarding the role and effectiveness of current state laws and regulations governing cryptocurrencies and other digital assets and the reasons why modifications and improvements to such laws and regulations are necessary, addressing factors such as:

  • the effect on innovation, and the effect on the economic competitiveness of the State of New Hampshire and the United States;
  • the effect on the use of and access to digital assets and the potential impacts on the financial system; and
  • the effect on privacy and liberty rights of citizens and interests of taxpayers and other persons affected.

Minutes

  1. Draft Commission Minutes (06-29-22)
  2. Draft Commission Minutes (06-16-22)
  3. Draft Commission Minutes (06-08-22)
  4. Draft Commission Minutes (05-27-22)
  5. Draft Commission Minutes (04-01-22)

Notices

  1. Meeting Notice: Cryptocurrencies and Digital Assets (06-29-22)
  2. Meeting Notice: Cryptocurrencies and Digital Assets (06-16-22)
  3. Meeting Notice: Cryptocurrencies and Digital Assets (06-08-22)
  4. Meeting Notice: Cryptocurrencies and Digital Assets (05-27-22)
  5. Meeting Notice: Cryptocurrencies and Digital Assets (04-01-22)

Videos of Commission Meetings

Commission Communications

  1. Compilation of Commission Communications as of August 5, 2022

Resources

  1. First Meeting Landscape Overview
  2. Draft Framework from the Chair
  3. House Bill 1503-FN
  4. State of Crypto: An Overview Report (Andreessen Horowitz)

Supplementary Resources

  1. Aaron Wright: The Rise of Decentralized Autonomous Organizations: Opportunities and Challenges
  2. Carey Olsen: Bermuda Blockchain and Cryptocurrency Regulation 2022
  3. CNBC: After the crypto crash, here's what industry experts are waiting for next
  4. CNBC: Crypto lender Celsius pauses withdrawal due to 'extreme market conditions'
  5. CNBC: Federal regulation is good for cryptocurrency, says FTX's Sam Bankman-Fried
  6. David Kerr: A Legal Framework for Decentralized Autonomous Organizations
  7. Brookings Economic Studies: Timothy Massad: It's Time to Strengthen the Regulation of Crypto-Assets
  8. Meltem Demirors Testimony before the US House of Representatives Committee on Financial Services
  9. Meltem Demirors: Investment Themes for the Next Decade
  10. McKinsey & Company: CBDC and stablecoins: Early coexistence on an uncertain road
  11. McKinsey & Company: On Payments
  12. McKinsey & Company: Blockchain and Digital Assets
  13. NASAA: Informed Investor Advisory: Cryptocurrencies
  14. NASAA: Informed Investor Advisory: Decentralized Finance (DeFi) Defined
  15. NASAAL Informed Investor Advisory: Initial Coin Offerings
  16. U.S. Securities and Exchange Commission: Framework for 'Investment Contract' Analysis of Digital Assets
  17. U.S. Securities and Exchange Commission: Crypto Assets and Cyber Enforcement Actions
  18. U.S. Securities and Exchange Commission: Securities Exchange Act of 1934
  19. U.S. Securities and Exchange Commission: Staff Accounting Bulletin No. 121
  20. Wall Street Journal: Bermuda Doubles Down on Crypto Despite Recent Market Turmoil
  21. Wall Street Journal: Crypto Hedge Fund Three Arrows Ordered by Court to Liquidate

Relevant Laws, Legislation, and Regulations of Federal, State, Local, and International Bodies

  1. Bermuda: Digital Asset Business Act 2018
  2. Lummis-Gillibrand Responsible Financial Innovation Act
    1. Bill Text
  3. Texas State Securities Board: Consent Order in re BlockFi Lending LLC
  4. State of Alabama Securities Commission: Administrative Order re: Sand Vegas Casino Club
  5. State of New Jersey Bureau of Securities: Summary Cease and Desist Order re: Flamingo Casino Club