Maryland SB759 regulates digital assets and staking services, clarifying definitions and ensuring certain activities are not restricted.

Maryland SB759 adds a new subtitle to the Financial Institutions Article, focusing on digital assets and digital asset staking. It defines terms such as "digital asset," "staking," and "staking as a service," and clarifies that the provision of staking as a service is not considered an offer or sale of a security under the Maryland Securities Act. The bill also ensures that individuals in Maryland can accept digital assets as payment, take custody of digital assets using self-hosted or hardware wallets, transfer digital assets via blockchain, and participate in staking without restriction.

Maryland SB759 regulates digital assets and staking services, clarifying definitions and ensuring certain activities are not restricted.

Maryland SB759 adds a new subtitle to the Financial Institutions Article, focusing on digital assets and digital asset staking. It defines terms such as "digital asset," "staking," and "staking as a service," and clarifies that the provision of staking as a service is not considered an offer or sale of a security under the Maryland Securities Act. The bill also ensures that individuals in Maryland can accept digital assets as payment, take custody of digital assets using self-hosted or hardware wallets, transfer digital assets via blockchain, and participate in staking without restriction.