Technology

Beginning 10/1/2026, prohibits the ownership, operation, or management of a digital financial asset transaction kiosk that accepts United States currency from a customer in exchange for a digital financial asset. (CD1)

Prohibits music streaming platforms from hosting, distributing, or otherwise making available in the State music performed or attributed to an artificial intelligence music artist. Makes violations an unfair method of competition and an unfair and deceptive act or practice. Effective 7/1/3000. (HD1)

HB 1277 sets a $1,000 daily transaction limit for purchases made through digital financial asset kiosks, directly affecting users of these automated machines. The bill requires kiosks to enforce this cap on all transactions involving digital assets like cryptocurrencies. It is scheduled to take effect on July 1, 3000 (though this date appears to be a placeholder, as it is far in the future). The measure is currently under review by the committee with a recommendation to pass it with amendments.