Hawaii lawmaker has submitted bill to allow banks to host digital assets

According to CoinDesk, Hawaii lawmakers have submitted a bill that would allow banks to host digital assets. The SB2594 bill, introduced on January 18 with bipartisan support, will make Bank of Hawaii legal for its customers to hold "digital securities", "virtual currencies", "digital consumer assets" and other "open blockchain tokens" . If passed, it would further authorize Hawaiian courts to hear digital asset claims. State Senators Gil Riviere (D-23), Sharon Moriwaki (D-12), Stanley Chang (D-9), Les Ihara (D-10), and Kurt Fevella (R-19) introduced the bill.