Rhode Island Forms Crypto Commission with New Legislation

Rhode Island Forms Crypto Commission with New Legislation

Rhode Island Senate has passed bill S 0373 , establishing a five-member commission on blockchain and cryptocurrency. The commission will study the sector and propose policies to stimulate economic growth.

The formation of this commission underscores Rhode Island’s commitment to understanding the impact of blockchain technology. There has been no significant market reaction as the bill primarily focuses on research and recommendations.

Rhode Island Senate introduced the bill S 0373 with Senators DiPalma, Bell, Burke, and Gu sponsoring. The commission, aimed at studying blockchain, will report findings to the Secretary of Commerce and the General Assembly.

Rhode Island’s measures may eventually influence state-level blockchain implementations, although “as of June 11, 2025, no statements or quotes have been released from the legislative sponsors or commission members regarding S 0373.”

Although the formation is significant, no immediate financial shifts have occurred. The commission lacks funding specifics, focusing on advising potential future legislative actions.

Historically, similar commissions in other states lead to policy recommendations rather than immediate market changes. Rhode Island’s measures may eventually influence state-level blockchain implementations.

The bill highlights potential long-term impacts on the state’s economic policy but omits direct cryptocurrency engagements. Future studies will likely address financial, regulatory, and technological implications for blockchain adoption in Rhode Island.