SB2493 • 2026

RELATING TO DIGITAL ASSETS.

Budget Technology

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: KEOHOKALOLE, CHANG, FEVELLA, FUKUNAGA, HASHIMOTO, LAMOSAO, MCKELVEY, RHOADS, SAN BUENAVENTURA, Wakai
Last action: 2026-02-06
Official status: The committee on CPN deferred the measure.
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

RELATING TO DIGITAL ASSETS.

What This Bill Does

RELATING TO DIGITAL ASSETS.
DCCA; HTDC; Division of Financial Institutions; Study; Digital Assets; Stablecoin; Regulatory Framework; Report; Appropriation ($) Requires the Department of Commerce and Consumer Affairs' Division of Financial Institutions and Hawaii Technology Development Corporation to conduct a two-year study to gather data on how to establish a state-level regulatory framework for stablecoin digital assets.
Requires a report to the Legislature.
Appropriates funds.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-02-06 S
The committee on CPN deferred the measure.
2026-02-06 S
The committee on LBT deferred the measure.
2026-02-02 S
The committee(s) on CPN/LBT has scheduled a public hearing on 02-06-26 10:00AM; Conference Room 229 & Videoconference.
2026-01-28 S
Referred to CPN/LBT, WAM.
2026-01-22 S
Passed First Reading.
2026-01-22 S
Introduced.

Official Summary Text

RELATING TO DIGITAL ASSETS.
DCCA; HTDC; Division of Financial Institutions; Study; Digital Assets; Stablecoin; Regulatory Framework; Report; Appropriation ($)
Requires the Department of Commerce and Consumer Affairs' Division of Financial Institutions and Hawaii Technology Development Corporation to conduct a two-year study to gather data on how to establish a state-level regulatory framework for stablecoin digital assets. Requires a report to the Legislature. Appropriates funds.

Current Bill Text

Read the full stored bill text

SB2493

THE SENATE

S.B. NO.

2493

THIRTY-THIRD LEGISLATURE, 2026

STATE OF HAWAII

A BILL FOR AN ACT

relating
to digital assets
.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

����
SECTION 1.
�
(a)
�
The department of commerce and consumer
affairs' division of financial institutions shall collaborate with the Hawaii
technology development corporation to conduct a two-year study on how to
establish a state-level regulatory framework for digital assets.
�
The study shall:

����
(1)
�
Gather
data to establish a state-level regulatory framework for digital assets;

����
(2)
�
Develop
a regulatory framework into which payment stablecoin issuers could opt-in; and

����
(3)
�
Explore
economic opportunities that may arise with a state-regulated stablecoin
marketplace.

����
(b)
�

The department of commerce and consumer affairs' division of financial
institutions and Hawaii technology development corporation shall submit a joint
report of findings and recommendations, including any proposed legislation, to
the legislature no later than twenty days prior to the convening of the regular
session of
2029.

����
SECTION 2.
�

There is appropriated out of the general revenues of the State of Hawaii
the sum of $ or so
much thereof as may be necessary for fiscal year 2026-2027 for the department
of commerce and consumer affair's division of financial institutions to conduct
a two-year study to gather data to establish a state-level regulatory framework
for stablecoin digital assets, including but not limited to:

����
(1)
�
The
hiring of consultants or contractors;

����
(2)
�
Equipment;
and

����
(3)
�
Technology
costs.

����
The sum appropriated shall be expended by
the department of commerce and consumer affairs for the purposes of this Act;
provided that the appropriation shall not lapse at the end of fiscal year
2026-2027; provided further that all moneys that are unencumbered as of June
30, 2028, shall lapse as of that date.

����
SECTION 3.
�

This Act shall take effect on July 1, 2026.

INTRODUCED BY:

_____________________________

Report Title:

DCCA;
HTDC; Division of Financial Institutions; Study; Digital Assets; Stablecoin;
Regulatory Framework; Report; Appropriation

Description:

Requires
the Department of Commerce and Consumer Affairs' Division of Financial
Institutions and Hawaii Technology Development Corporation to conduct a
two-year study to gather data on how to establish a state-level regulatory
framework for stablecoin digital assets.
�

Requires a report to the Legislature.
�

Appropriates funds.

The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.