Chris Sununu – who took up the role of the governor of New Hampshire since 2017 – has reportedly formed a commission dedicated to running investigations into the tech and law associated with crypto and releasing new legislation. 

Specifically, the New Hampshire Governor’s office reportedly revealed on February 9th its decision to complete the issuance of Executive Order 2022-1, to establish the Governor’s Commission on Cryptocurrencies and Digital Assets.

Governor Sununu reportedly mentioned the “rising use and acceptance” of crypto, together with the emergence of distributed ledger and blockchain, as the reasons fueling his initiative to form the commission. 

Per the executive order, the crypto commission will reportedly be granted a 180-day period to complete the submission of a report to officials within the New Hampshire state government. 

The report is reportedly to be made up of a “review and investigation regarding the current status of the cryptocurrency and digital asset industry”, together with applicable regulations in America and abroad. 

The commission will reportedly be equipped with sufficient authoritative power to organize public hearings, to gather feedbacks from the crypto sphere and regulatory professionals, to “make findings and determinations regarding the role and effectiveness of current state laws and regulations governing crypto and other digital assets”, while still ensure economic competitiveness, possible effects on the financial network and privacy issues. 

The order states that the commission will consist of “three public members with recognized experience with cryptocurrencies, digital assets and the provision of services to institutions or consumers with respect to digital assets”.

Governor Sununu further mentioned “well intentioned legislation regarding cryptocurrencies and digital assets” in the order, which is a reference to a proposal of a law urging for acceptance of crypto for tax legally approved for state agencies. 

Ether (ETH), Binance Coin (BNB), Tether (USDT), and USD Coin (USDC) are also the tokens referred to by the governor as “gaining momentum” rapidly.