HB665Introduced in the House of Delegates
Financial institutions and services; virtual currency kiosk operators, license required, penalties.
Introduced by Michelle Maldonado, District 20
What does this bill do?
Plain-English breakdown
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Official description
Financial institutions and services; virtual currency kiosk operators; license required; penalties. Establishes requirements for the operation of virtual currency kiosks, as defined in the bill, including a requirement that a virtual currency kiosk operator obtain licensure with the State Corporation Commission. The bill requires operators to file annual and quarterly reports, provide certain disclosures, and take reasonable steps to detect and prevent fraud and money laundering. The bill prohibits operators from accepting transactions above specified daily and monthly limits and establishes a maximum transaction charge of 18 percent of the value of such transaction. A person who violates the bill's provisions is subject to a fine of up to $1,000 per violation as well as the existing enforcement provisions of the Virginia Consumer Protection Act. This bill is identical to SB 489.
Where it stands
Acts of Assembly Chapter text (CHAP0654)
April 13, 2026
How did lawmakers vote?
House of Delegates votes
3 recorded votes · each counted separately
Senate votes
4 recorded votes · each counted separately
House of DelegatesStage: Senate substitute agreed to by House (84-Y 10-N 0-A) · March 4, 2026
84
Yes
10
No
5
Absent or Not Voting
99 delegates recorded in this House of Delegates 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?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each delegate voted
| Delegate | District | Vote |
|---|---|---|
| Patrick Hope | 1 | Yes |
| Adele McClure | 2 | Yes |
| Alfonso Lopez | 3 | Yes |
| Charniele Herring | 4 | Yes |
| Kirk McPike | 5 | Yes |
| Richard Sullivan | 6 | Yes |
| Karen Keys-Gamarra | 7 | Absent |
| Irene Shin | 8 | Yes |
| Karrie Delaney | 9 | Yes |
| Dan Helmer | 10 | Yes |
Bill history
Prefiled and ordered printed; Offered 01-14-2026 26105316D
Referred to Committee on Communications, Technology and Innovation
Fiscal Impact Statement from State Corporation Commission (HB665)
House committee offered
Reported from Communications, Technology and Innovation with substitute (16-Y 6-N)
Committee substitute printed 26106154D-H1
Read first time
Fiscal Impact Statement from State Corporation Commission (HB665)
Read second time
committee substitute agreed to
Engrossed by House - committee substitute
Read third time and passed House (84-Y 13-N 0-A)
Constitutional reading dispensed (on 1st reading)
Referred to Committee on Commerce and Labor
Senate committee offered
Reported from Commerce and Labor with substitute and rereferred to Finance and Appropriations (13-Y 0-N 1-A)
Committee substitute printed 26108481D-S1
Fiscal Impact Statement from State Corporation Commission (HB665)
Reported from Finance and Appropriations (15-Y 0-N)
Rules suspended
Constitutional reading dispensed (on 2nd reading) (40-Y 0-N 0-A)
Passed by for the day (Voice Vote)
Read third time
Commerce and Labor Substitute agreed to
Engrossed by Senate - committee substitute
Passed Senate with substitute (40-Y 0-N 0-A)
Senate substitute agreed to by House (84-Y 10-N 0-A)
Enrolled
Bill text as passed House and Senate (HB665ER)
Signed by President
Signed by Speaker
Enrolled Bill communicated to Governor on March 14, 2026
Governor's Action Deadline 11:59 p.m., April 13, 2026
Fiscal Impact Statement from State Corporation Commission (HB665)
Approved by Governor-Chapter 654 (effective 7/1/2026)
Acts of Assembly Chapter text (CHAP0654)
Verify the information
- Official page on the Virginia Legislature website
- Commerce and Labor Amendment (amendment)
- Fiscal Note/Analysis (supplement)
- Fiscal Note/Analysis (supplement)
- Fiscal Note/Analysis (supplement)
- Fiscal Note/Analysis (supplement)
- Introduced (text)
- Comm Sub (text)
- Comm Sub (text)
- Comm Sub (text)
- Enrolled (text)
- Chaptered (text)
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