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SB2319Introduced in the Senate

VIRTUAL CURRENCY CONSUM PROT

Passed

Introduced by Laura Ellman, District 21

What does this bill do?

Plain-English breakdown

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Official description

Creates the Digital Asset Kiosks Act. Sets forth provisions concerning the general powers and duties of the Department of Financial and Professional Regulation in administering and enforcing registrations for digital asset kiosk operators and transactions. Provides that moneys collected by the Department under the Act shall be deposited into the Digital Asset Kiosk Fund. Establishes transaction and charge limits on digital asset kiosk operators. Requires disclosures for digital asset kiosk operators before engaging in each digital asset kiosk transaction with a customer and requires operators to report the physical location of digital asset kiosks. Requires digital asset kiosk operators to issue refunds for fraudulent transactions at the request of a new customer within the new customer period. Requires digital asset kiosk operators to register with the Department and sets forth provisions concerning renewal and refusal of registration. Establishes surety bond and tangible net worth requirements for registrants. Provides a private right of action for violations of the Act. Exempts specified entities from the requirements of the Act. Provides that, if and only if House Bill 742 of the 104th General Assembly becomes law in the form in which it passed the House on April 10, 2025, then the Digital Asset Kiosks Act is amended by repealing the specified provisions of the Act. Amends the State Finance Act to create the Digital Asset Kiosk Fund. Effective immediately.

Where it stands

Public Act . . . . . . . . . 104-0429

August 18, 2025

How did lawmakers vote?

House votes

3 recorded votes · each counted separately

Senate votes

6 recorded votes · each counted separately

SenateStage: Senate Executive Committee · May 31, 2025

9

Yes

4

No

0

Absent or Not Voting

13 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.

What do people think?

Citizen Voice

How would you vote on this bill?

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See how each senator voted

Bill history

  1. Filed with Secretary by Sen. Laura Ellman

  2. First Reading

  3. Referred to Assignments

  4. Assigned to Executive

  5. Added as Co-Sponsor Sen. Mark L. Walker

  6. Added as Co-Sponsor Sen. Karina Villa

  7. Rule 2-10 Committee Deadline Established As April 4, 2025

  8. Postponed - Executive

  9. Rule 2-10 Committee Deadline Established As April 11, 2025

  10. Do Pass Executive; 012-001-000

  11. Placed on Calendar Order of 2nd Reading April 10, 2025

  12. Second Reading

  13. Placed on Calendar Order of 3rd Reading April 11, 2025

  14. Rule 2-10 Third Reading Deadline Established As May 9, 2025

  15. Senate Floor Amendment No. 1 Filed with Secretary by Sen. Laura Ellman

  16. Senate Floor Amendment No. 1 Referred to Assignments

  17. Senate Floor Amendment No. 1 Assignments Refers to Executive

  18. Senate Floor Amendment No. 1 Recommend Do Adopt Executive; 008-003-000

  19. Rule 2-10 Third Reading Deadline Established As May 23, 2025

  20. Added as Co-Sponsor Sen. Christopher Belt

  21. Added as Co-Sponsor Sen. Mary Edly-Allen

  22. Added as Co-Sponsor Sen. Mike Porfirio

  23. Senate Floor Amendment No. 2 Filed with Secretary by Sen. Laura Ellman

  24. Senate Floor Amendment No. 2 Referred to Assignments

  25. Added as Co-Sponsor Sen. Doris Turner

  26. Senate Floor Amendment No. 2 Assignments Refers to Executive

  27. Senate Floor Amendment No. 3 Filed with Secretary by Sen. Laura Ellman

  28. Senate Floor Amendment No. 3 Referred to Assignments

  29. Senate Floor Amendment No. 3 Assignments Refers to Executive

  30. Added as Co-Sponsor Sen. Sara Feigenholtz

  31. Senate Floor Amendment No. 3 Recommend Do Adopt Executive; 009-004-000

  32. Recalled to Second Reading

  33. Senate Floor Amendment No. 1 Adopted; Ellman

  34. Senate Floor Amendment No. 3 Adopted; Ellman

  35. Placed on Calendar Order of 3rd Reading

  36. Third Reading - Passed; 039-019-000

  37. Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a)

  38. Arrived in House

  39. Chief House Sponsor Rep. Curtis J. Tarver, II

  40. First Reading

  41. Referred to Rules Committee

  42. Added Alternate Co-Sponsor Rep. Natalie A. Manley

  43. Added as Co-Sponsor Sen. Laura M. Murphy

  44. Added as Co-Sponsor Sen. Graciela Guzmán

  45. Assigned to Financial Institutions and Licensing Committee

  46. Motion Filed to Suspend Rule 21 Financial Institutions and Licensing Committee; Rep. Bob Morgan

  47. Motion to Suspend Rule 21 - Prevailed 070-039-000

  48. Committee/Final Action Deadline Extended-9(b) May 31, 2025

  49. Do Pass / Short Debate Financial Institutions and Licensing Committee; 008-004-000

  50. Placed on Calendar 2nd Reading - Short Debate

  51. House Floor Amendment No. 1 Filed with Clerk by Rep. Curtis J. Tarver, II

  52. House Floor Amendment No. 1 Referred to Rules Committee

  53. Second Reading - Short Debate

  54. Held on Calendar Order of Second Reading - Short Debate

  55. House Floor Amendment No. 1 Rules Refers to Financial Institutions and Licensing Committee

  56. House Floor Amendment No. 1 Recommends Be Adopted Financial Institutions and Licensing Committee; 008-004-000

  57. House Floor Amendment No. 1 Adopted

  58. Placed on Calendar Order of 3rd Reading - Short Debate

  59. Third Reading - Short Debate - Passed 081-036-000

  60. Secretary's Desk - Concurrence House Amendment(s) 1

  61. Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 31, 2025

  62. House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Laura Ellman

  63. House Floor Amendment No. 1 Motion to Concur Referred to Assignments

  64. House Floor Amendment No. 1 Motion to Concur Assignments Referred to Executive

  65. Added as Chief Co-Sponsor Sen. Mattie Hunter

  66. House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 009-004-000

  67. 3/5 Vote Required

  68. House Floor Amendment No. 1 Senate Concurs 039-018-000

  69. Senate Concurs

  70. Passed Both Houses

  71. Sent to the Governor

  72. Governor Approved

  73. Effective Date August 18, 2025

  74. Public Act . . . . . . . . . 104-0429

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