SR 346: Honoring the Washington High School boys basketball team as the 2026 Division II State Champion.

```html <div> <p>This bill establishes a comprehensive framework for digital asset regulation, defining cryptocurrencies and digital tokens as property for tax purposes. It mandates that all financial institutions and exchanges must register with the federal government and adhere to strict anti-money laundering (AML) and know-your-customer (KYC) protocols.</p> <p>The legislation creates a new regulatory body specifically tasked with overseeing the digital asset industry, ensuring market stability and protecting consumers from fraud. It requires all digital asset service providers to maintain adequate reserves and undergo regular audits to ensure solvency.</p> <p>Furthermore, the bill prohibits the use of digital assets for illegal activities and imposes severe penalties, including fines and imprisonment, for violations of the new regulations. It also establishes a mechanism for the gove…