Substitute for Raised H.B. No. 7082
Session Year 2025
 


AN ACT CONCERNING VARIOUS REVISIONS TO THE MONEY TRANSMISSION STATUTES, STATE PAYMENTS AND INVESTMENTS IN VIRTUAL CURRENCY AND MINORS' MONEY SHARING APPLICATION ACCOUNTS.

To (1) define "virtual currency control services vendor", (2) establish requirements for virtual currency money transmission licensees concerning (A) disclosures, (B) receipts, (C) the use of virtual currency under the control of such licensees, and (D) the engagement of other persons to store or hold custody or control of virtual currency for or on behalf of a customer, (3) establish that certain virtual currency held by such licensees shall be deemed to be property interests of any claimants against such licensees, and (4) prohibit the state, and political subdivisions of the state, from (A) accepting or requiring payment in the form of virtual currency, or (B) purchasing, holding, investing in or establishing a reserve of virtual currency.

Introduced by:
Banking Committee

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Co-sponsors for Amendment LCO:

Bill History

 Date Action Taken
 6/30/2025Signed by the Governor
 6/16/2025Transmitted by Secretary of the State to Governor
 6/16/2025Transmitted to the Secretary of State
 6/10/2025(LCO)Public Act 25-66
 5/30/2025In Concurrence
 5/30/2025House Passed as Amended by Senate Amendment Schedule A
 5/30/2025House Passed as Amended by House Amendment Schedule A
 5/30/2025House Adopted Senate Amendment Schedule A
 5/30/2025Potential Disagreeing Action, Tabled for the Calendar, House
 5/30/2025Senate Passed as Amended by House Amendment Schedule A
 5/29/2025Rules Suspended, Transmitted to the House
 5/29/2025Senate Passed as Amended by Senate Amendment Schedule A
 5/29/2025Senate Adopted Senate Amendment Schedule A 9593
 5/29/2025Senate Adopted House Amendment Schedule A
 5/16/2025(LCO)File Number 933
 5/16/2025Senate Calendar Number 511
 5/16/2025Favorable Report, Tabled for the Calendar, Senate
 5/14/2025House Passed as Amended by House Amendment Schedule A
 5/14/2025House Adopted House Amendment Schedule A 8192
 3/27/2025(LCO)File Number 318
 3/27/2025House Calendar Number 220
 3/27/2025Favorable Report, Tabled for the Calendar, House
 3/27/2025(LCO)Reported Out of Legislative Commissioners' Office
 3/21/2025(LCO)Referred to Office of Legislative Research and Office of Fiscal Analysis 03/26/25 5:00 PM
 3/11/2025(LCO)Filed with Legislative Commissioners' Office
 3/11/2025(BA)Joint Favorable
 2/28/2025Public Hearing 03/04
 2/27/2025Referred to Joint Committee on Banking

Co-sponsors of HB-7082

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