The documents are very similar to warnings issued by various world governments earlier in the year, and clearly have consumer protection in mind. Both documents are virtually identical, and appear to come from the same source material. Although both urge caution and doing “your homework” on any bitcoin investment, neither document has a particularly negative tone.
The Maryland document could even be read as tentatively supportive of bitcoin:
The increased interest in virtual currency and other payments innovations has led to the rapid emergence of different types of currencies and payments mechanisms. As these are released into the marketplace, it is important for consumers and investors to educate themselves with accurate information to make informed decisions about this innovative and evolving industry.
There were no indications in their statement about looming actions related to bitcoin by either state. Given the lack of federal guidance, and bitcoin’s still ambiguous legal standing, it’s likely that many other states will issue similar statements in coming months.