Hawaii SB2493 funds a two-year study to create a regulatory framework for stablecoin digital assets.

Hawaii SB2493 appropriates funds for the Department of Commerce and Consumer Affairs' Division of Financial Institutions to collaborate with the Hawaii Technology Development Corporation. They will conduct a two-year study to establish a state-level regulatory framework for stablecoin digital assets. The study will gather data, develop a regulatory framework, and explore economic opportunities. The department and corporation must submit a joint report to the legislature by 20 days before the 2029 regular session. This Act takes effect on July 1, 2026.

Hawaii SB2493 funds a two-year study to create a regulatory framework for stablecoin digital assets.

Hawaii SB2493 appropriates funds for the Department of Commerce and Consumer Affairs' Division of Financial Institutions to collaborate with the Hawaii Technology Development Corporation. They will conduct a two-year study to establish a state-level regulatory framework for stablecoin digital assets. The study will gather data, develop a regulatory framework, and explore economic opportunities. The department and corporation must submit a joint report to the legislature by 20 days before the 2029 regular session. This Act takes effect on July 1, 2026.