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Read. Follow. Verify.Idaho authorizes state payments using qualified digital stablecoins and establishes annual reporting requirements
Last action · March 5, 2026: Reported Printed and Referred to Business
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What This Bill Proposed
Idaho permits the state treasurer and state controller to use qualified s for state vendor and contractor payments, effective July 1, 2026. Vendors and contractors may choose whether or not to receive payments in stablecoins. The state treasurer must maintain an authorized list and report annually to the legislature.
State vendors and contractors gain the option to accept digital currency payments backed by U.S. reserves, while the state treasurer and state controller establish new risk management and compliance procedures.
- The federal GENIUS Act (P.L. 119-27) establishes a comprehensive national framework governing payment stablecoins, including issuer qualifications and reserve standards. context
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
State Vendors and Contractors
Vendors and contractors receive the option to accept state payments in authorized payment stablecoins after receiving mandatory risk and redemption disclosures.
State Treasurer
The state treasurer is tasked with maintaining an annual list of authorized stablecoins, submitting annual legislative reports, coordinating with federal and state regulators, and establishing risk assessment procedures.
State Controller
The state controller works jointly with the state treasurer to establish secure systems, procedures for compliance and risk, and interstate coordination agreements.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
Are state vendors required to accept payment in stablecoins?
Who maintains the list of authorized stablecoins?
What volume threshold must a private stablecoin meet to be authorized?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died at adjournment · in House committee.
Procedural history
2 actions- Mar 5, 2026CommitteeReported Printed and Referred to Business
- Mar 4, 2026IntroducedIntroduced, read first time, referred to JRA for Printing
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Adoption of Digital Assets for State Obligations
Idaho is creating a formal statutory mechanism to incorporate federally compliant private and state-issued stablecoins into routine government vendor payments.
Connected Entities
Sources
legislature.idaho.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 75)
- Controversy40Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz60Current news / social attention level
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