Proposed financial literacy law that calls for crypto education advances in Georgia

The Georgia House of Representatives passed a bill that calls for state education officials to develop a program focused on financial literacy, with cryptocurrency highlighted as a specific area of learning.

The bill cleared the lower chamber of the Georgia legislature on March 8 by a vote of 169-2, with four no-votes and five excused. Public records indicate that the bill has been sent to the State Senate for further consideration. Six Republican state representatives submitted the bill on March 1.

The bill's text states that "The State Board of Education shall prescribe a program of study in personal financial literacy to be completed by students during high school," and goes on to cite 16 areas of financial literacy.

These areas include "Balancing a checking account", "Money management, such as saving, spending, credit, credit scores, and managing 19 debt, including retail and credit card debt" and "Computing federal income taxes," among others. "Cryptocurrency" is number 16 on the list.

"Each local board of education shall implement the minimum program of study prescribed pursuant to subsection (a) of this Code section beginning in the 2021-2022 36 school year," the text states. "Such program of study may be provided within the framework of existing coursework offered by a local school system."