Amends the Digital Assets and Consumer Protection Act to modify change in control provisions for digital asset registrants.
If House Bill 742 becomes law, HB4081 amends the Digital Assets and Consumer Protection Act. It modifies the change in control provisions for digital asset registrants, requiring the Department to confer with other agencies if there is a conflict. If the conflict cannot be resolved, the registrant must abandon the change in control or cease digital asset business activity. The bill outlines conditions for approving a change in control, including the competence and financial soundness of the proposed person to be in control.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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