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HB 1389

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Strategic Bitcoin Reserve Act of Maryland

Sponsor: Caylin Young (District 45)Committee: JudiciarySubject: Criminal Law - ProceduresStatus: Hearing 3/11 at 1:00 p.m. (Judiciary) (as of Dec 1, 2025)

What this bill does

Official synopsis

Establishing the Maryland Bitcoin Reserve Fund to serve as a reserve asset for the State through the investment of Bitcoin; and authorizing the State Treasurer to invest the funds obtained by the State through the enforcement of certain gambling violations in Bitcoin.

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Testimony (0)

MGA witness list
FAV 3FavorableUNF 3UnfavorableINFO 1Information only
PositionWitnessOrganizationTestimony
FAVDennard, DouglasDCD Consulting GroupOral
FAVPeterson, EricSatoshi Action FundOral
FAVDelegate Young, Delegate YounglegislatorIndividualOral
UNFHarris, JonathanJonathan HarrisOral + Written (PDF)
UNFRichards, EvanlobbyistMaryland Bankers AssociationWritten (PDF)
UNFMeyerovich, MarkIndividualPosition only
INFODavis, DereckMaryland State Treasurer's OfficeWritten (PDF)

Organizations on record

Registered lobbyists who testified

UNFRichards, EvanMaryland Bankers AssociationRegistered for: Maryland Bankers Association