North Dakota legislation · 69th Legislative Assembly
North Dakota HCR3022: A concurrent resolution directing the Legislative Management to consider studying political subdivisions making investments in stablecoins.
Status: Failed, February 17, 2025
What the bill says
A concurrent resolution directing the Legislative Management to consider studying political subdivisions making investments in stablecoins.
From the introduced text, January 30, 2025:
A concurrent resolution directing the Legislative Management to consider studying political subdivisions making investments in stablecoins. WHEREAS, stablecoins have emerged as a significant force in the evolving digital economy offering potential benefits, including improved payment efficiency, enhanced financial inclusion, and the ability to strengthen monetary policy objectives; and WHEREAS, government custody of stablecoins presents several potential advantages, including enhanced public trust and confidence, reduced concerns of fraud or manipulation, enhanced regulatory oversight, reduced systemic risk, and support for innovation; and WHEREAS, stablecoins involve potential risks such as rapid technological advancements, global competition, cybersecurity threats, and market volatility; NOW, THEREFORE, BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES OF NORTH DAKOTA, THE SENATE CONCURRING THEREIN: That the Legislative Management consider studying the feasibility and desirability of political subdivisions making investments in cryptocurrency stablecoins; and BE IT FURTHER RESOLVED, that the study include input from stakeholders, including representatives from political subdivisions, regarding the security, risk management, transparency, compliance, oversight, custodian selection, internal controls, and resource allocation of political subdivisions making investments in stablecoins; and BE IT FURTHER RESOLVED, that the Legislative Management report its findings and recommendations, together with any legislation necessary to implement the recommendations, to the Seventieth Legislative Assembly. Page No. 1 25.3078.01000
Sponsors
- David Richter (R, 1) · primary sponsor
- Brad Bekkedahl (R, 1)
- Jason Dockter (R, 7)
- Mike Nathe (R, 30)
- Nathan Toman (R, 34)
- Scott Wagner (R, 45)
Latest actions
- : Second reading, failed to adopt yeas 15 nays 75
- : Reported back, do not pass, placed on calendar 8 1 4
- : Committee Hearing 03:30
- : Introduced, first reading, referred Political Subdivisions Committee
Votes
- Final Passage (February 17, 2025): 15 yea, 75 nay, failed
Common questions
- What is HCR3022?
- HCR3022 is a bill in the North Dakota Legislature (69th Legislative Assembly): A concurrent resolution directing the Legislative Management to consider studying political subdivisions making investments in stablecoins.
- What does HCR3022 do?
- In its own words: A concurrent resolution directing the Legislative Management to consider studying political subdivisions making investments in stablecoins.
- What is the status of HCR3022?
- Failed as of February 17, 2025. Latest action: Second reading, failed to adopt yeas 15 nays 75 (February 17, 2025).
- Who sponsored HCR3022?
- David Richter (R, 1), with 5 co-sponsors.
- Where is the official record for HCR3022?
- On the North Dakota Legislature website: https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo3022.html
Source: official North Dakota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.