Amends TCA Title 45 and Title 47.

This bill establishes the blockchain and cryptocurrency study committee. The study committee will be chaired by the commissioner of commerce and insurance and composed of the following five members: (1) The commissioner of commerce and insurance or the commissioner's designee; (2) The commissioner of financial institutions or the commissioner's designee; and (3) Three public members, as follows: (A) One representative with experience or knowledge in cryptocurrency, from an academic institution, as designated by the chair; (B) One representative from a financial institution, designated by the speaker of the house of representatives; and (C) One representative with experience in federal securities law, designated by the speaker of the senate. Members of the study committee will not receive compensation for their services on the study committee, but will receive reimbursement for expenses incurred in attending meetings of the study committee. This bill requires the study committee to: (1) Review data and information on the scope of blockchain and cryptocurrency throughout the country; (2) Determine the current status of blockchain and cryptocurrency in relation to related laws in this state; (3) Study non-fungible tokens, including the use, prevalence, function, and current regulation of non-fungible tokens; (4) Solicit ideas and opinions from industry experts; and (5) Compile an overview of potential legislation with recommendations on which legislation will help make this state the most forward thinking and pro-business climate state for blockchain and cryptocurrency and foster a positive economic environment for blockchain and cryptocurrency. This bill requires the study committee to submit an interim progress report of its findings and recommendations to the general assembly no later than December 31, 2022. This bill requires the study committee to submit a final report of its findings and recommendations to the commissioner of commerce and insurance, the commissioner of financial institutions, and the general assembly, no later than December 21, 2023, at which time the study committee will cease to exist. The final report must include: (1) Data and information on the scope of blockchain and cryptocurrency throughout the country; (2) The current status of blockchain and cryptocurrency in relation to related laws in this state; and (3) Recommended legislative proposals to encourage a positive economic environment for blockchain and cryptocurrency in this state.