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MarylandSB 03762026 Regular SessionSenate

Digital Asset and Blockchain Technology Task Force - Establishment

Sponsored By: Ron Watson (Democratic)

Signed by Governor

Financial InstitutionsCybersecurityCommittees and CommissionsCryptocurrencyElectronic Commerce -see also- Electronic Funds TransferElectronic GovernmentEnergy Matters -see also- Fuel; NuclearMatt; PwrPlnts; etc.Financial Regulation, Division ofLabor, Department ofReportsRevenue and Taxes -see also- (specific tax)Rules and RegulationsStudies -see also- Commitees & Commissions; ReportsSunsetTechnology -see also- AeroT; BioT; EnergyT; InfoT; MedT; etcWork, Labor, and Employment -see also- JobTrn; Leave; etc.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Study crypto risks and benefits

The Task Force must study blockchain and cryptocurrency in Maryland. It analyzes key ideas, risks (including privacy), and benefits for state and local government and private businesses. It must assess effects on State revenues and energy use. It may study other related topics and must recommend how the State should use and regulate these technologies. A report is due by October 1, 2027, to the Governor, the General Assembly, the Senate Finance Committee, and the House Economic Matters Committee.

Task force on blockchain and crypto

The law creates the Digital Asset and Blockchain Technology Task Force. Members include two senators (named by the Senate President), two delegates (named by the House Speaker), the Comptroller, State Treasurer, and the Secretaries of Commerce, Information Technology, and Labor, plus the Securities Commissioner, or their designees. The Governor also appoints two financial services representatives, one Maryland economics professor, and two Maryland Blockchain Association representatives. Members elect a chair. The Office of Financial Regulation in the Maryland Department of Labor provides staff. Members are not paid, but travel can be reimbursed under state rules and the State budget. The act takes effect July 1, 2026, and ends June 30, 2028, unless the General Assembly extends it.

Sponsors & Cosponsors

Sponsor

  • Ron Watson

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 160 • No: 10

House vote • 4/13/2026

Third Reading Passed

Yes: 115 • No: 10 • Other: 15

Senate vote • 3/12/2026

Third Reading Passed

Yes: 45 • No: 0

Actions Timeline

  1. Approved by the Governor - Chapter 549

    5/12/2026

  2. Returned Passed

    4/13/2026Senate

  3. Third Reading Passed (115-10)

    4/13/2026House

  4. Favorable Adopted Second Reading Passed

    4/8/2026House

  5. Favorable Report by Economic Matters

    4/8/2026House

  6. Referred Economic Matters

    3/13/2026House

  7. Third Reading Passed (45-0)

    3/12/2026Senate

  8. Second Reading Passed with Amendments

    3/10/2026Senate

  9. Favorable with Amendments {443728/1 Adopted

    3/10/2026Senate

  10. Favorable with Amendments Report by Finance

    3/9/2026Senate

  11. Hearing 2/12 at 1:00 p.m.

    1/29/2026Senate

  12. First Reading Finance

    1/27/2026Senate

Bill Text

  • Enacted

    5/12/2026

    PDF

  • Third Reading

    3/10/2026

    PDF

  • First Reading

    1/27/2026

    PDF

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