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CS/CS/SB 198: Virtual Currency Kiosks

GENERAL BILL by Rules ; Banking and Insurance ; Rouson ; (CO-INTRODUCERS) Arrington

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
 Last Action: 2/12/2026 Senate - Placed on Calendar, on 2nd reading
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Commerce and Tourism (CM)
  3. Rules (RC)

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  • Bill History

    Date Chamber Action
    10/15/2025 Senate • Filed
    11/3/2025 Senate • Referred to Banking and Insurance; Commerce and Tourism; Rules
    1/13/2026 Senate • Introduced
    1/23/2026 Senate • On Committee agenda-- Banking and Insurance, 01/28/26, 10:30 am, 412 Knott Building
    1/28/2026 Senate • CS by Banking and Insurance; YEAS 10 NAYS 0
    1/29/2026 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    • Now in Commerce and Tourism
    1/30/2026 Senate • On Committee agenda-- Commerce and Tourism, 02/04/26, 10:30 am, 110 Senate Building
    2/4/2026 Senate • Favorable by Commerce and Tourism; YEAS 9 NAYS 0
    • CS by Banking and Insurance read 1st time
    • Now in Rules
    2/5/2026 Senate • On Committee agenda-- Rules, 02/10/26, 9:00 am, 412 Knott Building
    2/10/2026 Senate • CS/CS by- Rules; YEAS 24 NAYS 0
    2/12/2026 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
    • Placed on Calendar, on 2nd reading

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  • CS/CS/SB 198, Committee Substitute 2 (Current Bill Version) Posted 2/12/2026 at 9:41 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 505 (c1) Virtual Currency Kiosks Commerce Committee Similar Last Action: 2/10/2026 H Bill added to Special Order Calendar (2/17/2026) Track This Bill

    Citations - Statutes (11)

    Citation Catchline Location in Bill Location In Bill Help
    560.103 Definitions. Page 3 (pdf)
    560.105 Supervisory powers; rulemaking. Page 4 (pdf)
    560.114 Disciplinary actions; penalties. Page 4 (pdf)
    560.125 Unlicensed activity; penalties. Page 5 (pdf)
    560.501 Page 7 (pdf)
    560.502 Page 9 (pdf)
    560.503 Page 10 (pdf)
    560.504 Page 14 (pdf)
    560.505 Page 15 (pdf)
    560.506 Page 15 (pdf)
    560.507 Page 16 (pdf)

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  • CS/SB 198, Committee Substitute 1 Posted 1/29/2026 at 2:19 PM

    Bill Text:   Web Page | PDF
    Analyses:   Commerce and Tourism (Pre-Meeting) 2/5/2026 (pdf)
    Commerce and Tourism (Post-Meeting) 2/4/2026 (pdf)
    Rules (Pre-Meeting) 2/9/2026 (pdf)
    Rules (Post-Meeting) 2/12/2026 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 505 (c1) Virtual Currency Kiosks Commerce Committee Similar Last Action: 2/10/2026 H Bill added to Special Order Calendar (2/17/2026) Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    855276 - Amendment
    Delete lines 100 - 349 and insert:     		Rules
    (Rouson)     		2/8/2026
    6:13 PM     		Replaced by Committee Substitute
    2/10/2026     		Web Page
    PDF

    Committee Votes (2)

    Date Committee Result
    2/4/2026 10:30 AM Commerce and Tourism 9 Yeas - 0 Nays
    2/10/2026 9:00 AM Rules 24 Yeas - 0 Nays

    Citations - Statutes (9)

    Citation Catchline Location in Bill Location In Bill Help
    560.103 Definitions. Page 3 (pdf)
    560.105 Supervisory powers; rulemaking. Page 4 (pdf)
    560.501 Page 4 (pdf)
    560.502 Page 5 (pdf)
    560.503 Page 6 (pdf)
    560.504 Page 10 (pdf)
    560.505 Page 11 (pdf)
    560.506 Page 12 (pdf)
    560.507 Page 12 (pdf)

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  • SB 198, Original Filed Version Posted 10/15/2025 at 11:06 AM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 1/27/2026 (pdf)
    Banking and Insurance (Post-Meeting) 1/29/2026 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 505 (c1) Virtual Currency Kiosks Commerce Committee Similar Last Action: 2/10/2026 H Bill added to Special Order Calendar (2/17/2026) Track This Bill

    Committee Amendments (2)

    Amendment Sponsor Filed Last Committee Action Format
    695850 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:     		Banking and Insurance
    (Rouson)     		1/27/2026
    10:31 AM     		Replaced by Substitute Amendment
    1/29/2026     		Web Page
    PDF
    hierarchy 959472 - Substitute Amendment (Delete All) (695850)
    Delete everything after the enacting clause and insert:     		Banking and Insurance
    (Rouson)     		1/28/2026
    8:08 AM     		Replaced by Committee Substitute
    1/29/2026     		Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    1/28/2026 10:30 AM Banking and Insurance 10 Yeas - 0 Nays

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    560.215 Page 1 (pdf)

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