Vermont Smart Contract Legislation

Vermont

Brookings Grade: Active engagement

Bills

H.868

Passed: 02 June 2016

 

H.868 recognized blockchain-based digital records as valid business records uner Vermont’s rules of evidence.

 

H.182

Passed: 04 May 2017

 

H.182 defined cryptocurrencies as money, thereby bringing them under regulation of the state’s money transmitter law.

 

S.269

Passed: 30 May 2018

 

S.269 defined blockchain technology; created studies for evaluating blockchain potential; and created two new forms of companies: personal information protection companies and blockchain-based limited liability companies.

 

S.135

Passed: 08 June 2017

 

S.135 requires an evaluation of blockchain technology, specifically of remote citizenship, smart contracting, and digital signatures; allows for the use of blockchain-based data in court; and permits using blockchain to authenticate art, gemstones, and consumer goods.