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Louisiana’s Bold Move: Crypto, Blockchain, and AI Under the Legislative Microscope!

BBG News

In the heart of the bayou, where the alligators bask and the crawfish scuttle, the state of Louisiana has decided to dip its toes into the murky waters of cryptocurrency, blockchain, and artificial intelligence. Yes, you heard it right! House Resolution 317 has been passed, and it’s not just a fancy number; it’s a legislative subcommittee ready to tackle the big questions of our time—like whether Bitcoin can buy you a po’ boy sandwich. 🥪

Introduced by the ever-enthusiastic Representative Mark Wright, this resolution sailed through the House of Representatives like a hot knife through butter, passing with a unanimous 90–0 vote. It seems everyone was on board, perhaps hoping to catch a glimpse of the future—or at least a glimpse of their next paycheck in crypto.

Now, this shiny new subcommittee, nestled under the House Committee on Commerce, is tasked with the monumental job of figuring out how these emerging technologies are reshaping the state’s economy, legislation, and daily life. Spoiler alert: it’s probably going to involve a lot of head-scratching and coffee-fueled debates. ☕

They’ve got until September 1, 2025, to get their act together and submit a final report by February 1, 2026. That’s right, folks! They’ll be analyzing everything from AI to blockchain to cryptocurrency, comparing Louisiana’s progress with other states. Because nothing says “we’re keeping up” like a good old-fashioned comparison chart! 📊

But wait, there’s more! This panel will also dive into the murky waters of cybersecurity risks, privacy concerns, and regulatory challenges. They’ll be looking for opportunities related to economic growth, workforce development, and public-sector innovation. It’s like a treasure hunt, but instead of gold doubloons, they’re searching for digital coins and innovative ideas.

And in a move that screams “we want to hear from you,” the resolution calls for public hearings and expert testimony. They’re inviting educators, students, and business owners to join the conversation. Because who wouldn’t want to discuss the future of money over a plate of jambalaya? 🍽️

The subcommittee will be made up of members from the House Committee on Commerce, with the committee chair or a designee presiding over the first meeting. Let’s hope they bring snacks; it’s going to be a long ride!

Over the years, Louisiana has been strutting its stuff as a pro-crypto pioneer. In September 2024, the state became the first in the U.S. to accept cryptocurrency payments for government services. Yes, you can now pay your fines and fees with Bitcoin, Bitcoin Lightning Network, and USD Coin. Talk about a modern twist on the old “pay your dues” saying! 💸

Representative Wright has been waving the digital asset flag high, having previously authored a Bitcoin Rights bill that affirms citizens’ rights to transact in Bitcoin. He’s also put a stop to central bank digital currency trials and is protecting home-based crypto mining. It’s like he’s the superhero of the crypto world—cape not included.

However, Louisiana is still lagging behind in establishing a state-level Bitcoin reserve, a move that other states are already pursuing. Texas, for instance, has passed Senate Bill 21, creating a Strategic Bitcoin Reserve managed by the state Comptroller. It’s like a race, and Louisiana is still tying its shoelaces! 🏃‍♂️

According to the crypto legislation tracker Bitcoin Laws, at least 16 U.S. states were reviewing similar bills as of June 11. So, buckle up, folks! The future is coming, and it’s bringing a whole lot of digital coins with it!

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2025-06-11 12:53

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