Regulatory accounts on the CRIPTO, BlockcAin technology, this week in Alabama Legislation

Montgomery, Ala. – Trio pledges regarding the regulating cryptocurnancy and blockschain technology will probably fall this week, according to Alabama House Rep. Mike Shaw, R-Hoover.

“I threw three on Tuesday, I was trying to find some copons together, and I didn’t want to throw them before the break,” Shaw Alabama daily news last week during the second pause of 2025. Legislative sessions. MPs are returning to Montgomery on Tuesday.

Blockcain technology is a type of digital database that can act as a secure public book that records and checks transactions and is the foundation of which are criminal crystals as bitcoin and ethere. While digital public drugs existed since the early 1980s, more advanced and decentralized forms appeared only in the past decade or something.

The first of three jobs, Shaw told ADN, authorized the civilian treasurer to invest part of state funds in cryptocurrency, similar to President Donald Trurg Recent establishment of strategic reserves Bitcoin. It is from these funds in theory, the state could create new income through the value of the cryptocurrent increase in value.

The second law would define cryptocurration as property, as well as to release Tax on state property.

“It just codifies the way IRS and everyone already see Cripto from property and tax perspectives, a very simple, direct law,” Shav said.

Shaw’s last account would completely refer to Blockcack technology, he said, and I stood compared to what other countries have proposed about Blockschain technology.

“The third is more block blocks, and I didn’t see any other state like this, but it comes from what happens to the Federal Government, but now with a more transparency and that the public will be able to see what the government is,” he said.

“What is it is within five years, it is necessary for the state to publish all transactions over $ 1,000 to the public blockade. It would be there forever to be analyzed to analyze and be fully transparent.”

Shaw said Bill is similar to what he proposed Tesla founder Elon Musk, who in his ability as the head of Trump’s newborn government, supported the idea Putting the US Treasury Spending on the block to improve transparency.

“I know Musk is a polarizing figure, but it is very similar to something that proposed for the federal government,” Shaw said. “One of the reasons to do it is to point out that Blockckain is more than just cryptocurri and bitcoin, it is a technology that can be used for a lot of good things.”

Alabama Legislators have studied use for emerging technologies and cryptocurrent technologies in the last months, with a working group be founded last year To study the use of technology in the state government, as well as how legislators should be approached by regulating.

Earlier this year working group approved the idea Making Alaba among the most cripptoquercy and states with custom blocks in the nation.

Other states have already used technology including California, which last year 42 million car titles digitized Using BlickChain technology, with other countries that explore other purposes.