An Act providing for consumer protection in a digital economy
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill directs the Massachusetts Office of the State Treasurer to create and regularly update resources about cryptocurrencies and digital assets. The goal is to provide consumers with information to better understand and protect themselves in the digital economy. Specifically, the bill focuses on developing a ‘digital module’ to educate the public on these emerging technologies and related risks. This aims to enhance consumer awareness and safeguard financial interests within the evolving digital landscape.
Key provisions
- The Office of the State Treasurer will develop a digital module on cryptocurrencies and digital assets.
- The module will be periodically reviewed and updated.
- The resources will be designed to educate consumers.
- The bill addresses the growing use of cryptocurrencies and digital assets.
- The Office of the State Treasurer is responsible for the creation and maintenance of the resources.
Who is affected
- Consumers
- Cryptocurrency users
- Investors in digital assets
- The Office of the State Treasurer
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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