Hawaiian House Dems Ask State Regulator To Reconsider Tough Rules For Crypto Firms

Hawaiian House Democrats are asking the state’s marketplace regulator to end restrictive laws put in place against cryptocurrency businesses almost five years ago.

Policymakers have requested that the Department of Commerce and Consumer Affairs reassess asset reserve requirements for crypto companies. The bill, sponsored by 10 Democrats, is currently pending before the state’s House Consumer Protection & Commerce Committee, according to a public tracker.

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