Hawaiian Senate Bill 2571

Hawaiian Senate Bill 2571 proposes creating a new legal framework that recognizes online and digital assets, such as cryptocurrencies and NFTs, as tangible property under state law. This legislation aims to clarify ownership rights, enable secure transfer, and facilitate legal handling of digital assets within Hawaii’s jurisdiction. It seeks to modernize property laws by extending protections and legal recognition to digital assets, aligning state law with evolving technology and financial innovations. This helps residents and businesses confidently engage in digital asset transactions with clearer legal certainty.