Relating to: virtual currency kiosks.
SB 975 regulates virtual currency kiosks - machines that exchange cash for cryptocurrency or vice versa - by requiring operators to obtain licenses and implement strict fraud prevention measures. It mandates a prominent, upfront warning about scams (e.g., impersonating officials), verifies customer identities via ID and photos, and limits daily transactions to $500 with fees capped at $5 or 3% of the amount. Operators must provide refunds for fraudulent transactions reported within 30 days and display customer service contact information. The law directly affects kiosk businesses and their customers, focusing on transparency and reducing scam-related losses through concrete operational rules.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 6, 2026
Last action Mar 23, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
17
Key actions
2
Committee
1
Amendments
2
Mar 13, 2026
Upper · Passed
Report passage as amended recommended by Committee on Utilities, Technology and Tourism, Ayes 5, Noes 0
upper
Mar 13, 2026
Upper · Passed
Report adoption of Senate Amendment 1 recommended by Committee on Utilities, Technology and Tourism, Ayes 5, Noes 0
upper
Feb 18, 2026
Introduced
Senate Amendment 1 offered by Senator James
upper
Feb 6, 2026
Introduced
Introduced by Senator James;
cosponsored by Representatives Snyder, Doyle, Gundrum, Novak, Melotik, McCarville, Taylor, Armstrong, Callahan, DeSmidt, Dittrich, Donovan, B. Jacobson, Joers, Kaufert, Knodl, Kreibich, Murphy, Mursau, O'Connor, Ortiz-Velez, Penterman, Piwowarczyk, Sinicki, Spiros, Subeck, Udell and Andraca
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jesse James
RRepublican
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