Strategic Digital Asset Reserve Act of Maryland
HB 51 establishes Maryland's Digital Asset Reserve Fund, a permanent state fund to invest cryptocurrency using money seized from gambling violations (like illegal bookmaking or betting). The State Treasurer would manage this fund, directing forfeiture proceeds from gambling enforcement into cryptocurrency investments that meet a $500 billion market capitalization minimum. The bill modifies criminal procedure laws to redirect these seized funds to the new reserve instead of the general fund, and adds new rules for managing crypto assets securely. It does not affect general state tax revenue or other funding sources.
Bill status
in committee
1 of 4 stages cleared
Introduction
Oct 2025
Committee Review
Floor Vote
Governor
Introduced Oct 15, 2025
Last action Feb 3, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
0
Committee
1
Jan 14, 2026
Committee
First Reading Economic Matters
lower
Oct 15, 2025
Introduced
Pre-filed
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Deni Taveras
DDemocratic
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