Rhode Island Reintroduces Bills to Study Blockchain and Encourage Cryptocurrency Use

Rhode Island lawmakers have reintroduced Senate Bill S 2198, aiming to establish a commission to study blockchain technology and cryptocurrencies. According to NS3.AI, the commission's goal is to balance innovation with consumer protection. Additionally, Senate Bill S2021 proposes a temporary tax exemption for small Bitcoin transactions to encourage everyday use. These legislative efforts underscore Rhode Island's strategy to attract blockchain businesses and promote cryptocurrency adoption within the state.