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HB 51

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Strategic Digital Asset Reserve Act of Maryland

Sponsor: Deni Taveras (District 47B)Committee: Economic MattersSubject: Criminal Law - ProceduresStatus: Hearing 2/03 at 1:30 p.m. (as of Sep 4, 2026)

What this bill does

Official synopsis

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

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Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.

Testimony (11)

MGA witness list
FAV 6FavorableUNF 3UnfavorableINFO 2Information only
PositionWitnessOrganizationTestimony
FAVSmith, MarkCarbon CountryOral
FAVDennard, DouglasDCD Consulting GroupOral + Written (PDF)
FAVHerman, NoahFortris GlobalOral + Written (PDF)
FAVCooper, JacquelineMaryland Blockchain AssociationWritten (PDF)
FAVPorter, DennisSatoshi ActionOral + Written (PDF)
FAVDelegate Taveras, Delegate TaveraslegislatorIndividualOral
UNFHarris, JonathanJonathan HarrisOral + Written (PDF)
UNFRichards, EvanlobbyistMaryland Bankers AssociationWritten (PDF)
UNFRosa, RichardIndividualPosition only
INFODavis, DereckMaryland State Treasurer's OfficeWritten (PDF)
INFOHarris, Mrs.IndividualPosition only

Organizations on record

Registered lobbyists who testified

UNFRichards, EvanMaryland Bankers AssociationRegistered for: Maryland Bankers Association