Virtual currency kiosks and civil forfeiture of property used in the course of crimes; create provisions concerning.

SB 2709, the "Money Transmission Modernization Act for Virtual Currency Kiosks," regulates physical kiosks that allow cash-to-virtual-currency transactions (like Bitcoin ATMs). It requires operators to hold state licenses, ban using "ATM" in signage, and mandate clear disclosures of all material risks (including fraud and volatility) to customers before transactions. The bill limits fees to 15% of transaction value, sets daily transaction caps, requires blockchain fraud-detection software, and offers special protections for elderly adults. It also includes a separate provision allowing civil forfeiture of property used in certain crimes, though this applies broadly beyond kiosks. The bill died in committee in February 2026 and never became law.