SB 16 Rhode Island Senate · 2025 Regular Session

AN ACT RELATING TO FINANCIAL INSTITUTIONS -- CURRENCY TRANSMISSIONS

Summary

Creates a process for licensure/oversight by DBR over the practices/procedures of virtual currency kiosk operators to prevent fraud related to the use of virtual currency kiosks, by establishing daily transaction limits and regulation of fees.

Bill status signed all 5 stages cleared

Introduction

Jan 2025

Committee Review

Jun 2025

Senate Passage

Jun 2025

House Passage

Jun 2025

Signed into Law

Jun 2025

Introduced Jan 23, 2025 Signed Jun 23, 2025

Floor votes · Senate Jun 10, 2025

How they voted

34–0

Passed · 2 other

Total votes 36

Jun 10, 2025

D Democratic32

30 Yea 2

93% Yea

R Republican4

4 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jun 23, 2025

Signed into law

06/23/2025 Signed by Governor

executive

Jun 17, 2025

Lower · Passed

06/17/2025 House passed Sub A in concurrence

lower

Jun 10, 2025

Upper · Passed

06/10/2025 Senate passed Sub A

upper

Jun 2, 2025

Legislature · Passed

06/02/2025 Committee recommends passage of Sub A

legislature

Mar 18, 2025

Committee

03/18/2025 Committee recommended measure be held for further study

legislature

Jan 23, 2025

Introduced

01/23/2025 Introduced, referred to Senate Commerce

upper

7 primary · 0 co-sponsors