Bill Summary

SB 198 Virtual Currency Kiosks (2026 Session)
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Sponsors
by Rouson Co Sponsors: Arrington CS Sponsors: Banking and Insurance, Rules
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Summary
Virtual Currency Kiosks; Revising the definition of the term “money services business”; revising the requirements for certain rules adopted by the Financial Services Commission; revising the actions by money services businesses, authorized vendors, or affiliated parties which constitute grounds for disciplinary action; prohibiting persons from engaging in certain business unless they are registered or exempt from registration; prohibiting a virtual currency kiosk business from operating in this state without registering or renewing its registration, etc. Effective Date: Except as otherwise expressly provided in this act, this act shall take effect January 1, 2027
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committees of reference
   S Banking and Insurance
   S Commerce and Tourism
   S Rules
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Actions
10/15/25
SENATE
Filed
11/03/25
SENATE
Referred to Banking and Insurance; Commerce and Tourism; Rules
01/23/26
SENATE
On Committee agenda - Banking and Insurance, 01/28/26, 10:30 am, 412 K
01/28/26
SENATE
Favorable with CS by Banking and Insurance; 10 Yeas, 0 Nays
01/29/26
SENATE
Committee Substitute Text (C1) Filed
01/29/26
SENATE
Now in Commerce and Tourism
01/30/26
SENATE
On Committee agenda - Commerce and Tourism, 02/04/26, 10:30 am, 110 S
02/04/26
SENATE
Favorable by Commerce and Tourism; 9 Yeas, 0 Nays
02/04/26
SENATE
Now in Rules
02/05/26
SENATE
On Committee agenda - Rules, 02/10/26, 9:00 am, 412 K
02/10/26
SENATE
Favorable with CS by Rules; 24 Yeas, 0 Nays
02/12/26
SENATE
Committee Substitute Text (C2) Filed
02/12/26
SENATE
Placed on Calendar, on 2nd reading
02/23/26
SENATE
Placed on Special Order Calendar, 02/25/26
02/25/26
SENATE
Read Second Time; Substituted for HB 0505; Laid on Table, Refer to HB 0505
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bill text & filed amendments
0198
Filed on 10/15/25
PDF
Amendment 695850 DE
Rouson
Filed on 01/27/26
Replaced by Substitute Amendment
PDF
Amendment 959472 SDA
Rouson
Filed on 01/28/26
Replaced by CS
PDF
0198C1
Filed on 01/29/26
PDF
Amendment 855276
Rouson
Filed on 02/08/26
Replaced by CS
PDF
0198C2
Filed on 02/12/26
PDF
No amendments to this bill text filed.
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Statute Citations
560.103
560.105
560.114
560.125
560.501
560.502
560.503
560.504
560.505
560.506
560.507
Research & Reports
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