Certain virtual-currency custody services permission to be offered and performed

Where it is in the process

Plain-English Summary

This bill allows state-chartered banks and credit unions to offer virtual currency custody services, which means holding or managing virtual currency for customers. These institutions must follow specific rules for safety, risk management, and notifying the state commissioner before starting these services. The changes would take effect on August 1, 2026.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

Votes

Sponsorship · 3 Sponsors

Democrat2Republican1Independent0Other0

D · PrimeJudy Seeberger
R · CoJeremy Miller
D · CoAnn Rest

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