financial technology; digital assets program

Updated the definition of 'digital assets' to explicitly include virtual currencies, cryptocurrencies, and other digital-only assets that confer economic or proprietary rights.

Added specific examples to the digital assets definition including nonfungible tokens, tokenized real-world assets, airdrops, forked tokens, and decentralized finance rewards.

Clarified that sandbox participants must disclose to consumers that the innovation is being tested under the regulatory sandbox and that the state does not endorse the innovation.

Maintained the 24-month testing period but added provisions for discretionary extensions of up to one year for participants pursuing required licenses.

Required notifications to consumers in both English and Spanish, with acknowledgment required for internet or application-based innovations before transaction completion.

Confirmed that the attorney general has sole authority to make final admission decisions and that denials or removals from the sandbox are not appealable agency actions.

Updated formatting and capitalization throughout the bill to use lowercase for program names and section headings for consistency.