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CS/HB 505: Virtual Currency Kiosks

GENERAL BILL by Commerce Committee ; Owen ; Daley ; (CO-INTRODUCERS) Alvarez, D. ; Kendall ; Miller ; Salzman ; Tendrich

Virtual Currency Kiosks; 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; requiring the Office of Financial Regulation to give a specified notice to applicants; specifying that certain money transmitters are exempt from registration as a virtual currency kiosk business but are subject to certain provisions; requiring applicants to submit certain information to the office to be registered as a virtual currency kiosk business; requiring a virtual currency kiosk business to ensure that its virtual currency kiosk requires certain attestations from the customer and displays a certain disclosure; requiring a virtual currency kiosk business to provide a customer with a specified physical or electronic receipt upon completion of a virtual currency transaction; requiring a virtual currency kiosk business to issue a full refund under certain circumstances, etc.

Effective Date: 7/1/2026
Last Action: 3/12/2026 House - Ordered engrossed, then enrolled
Bill Text: PDF
Senate Committee References:
  1. Rules (RC)

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  • Bill History

    Date Chamber Action
    11/20/2025 House • Filed
    11/24/2025 House • Referred to Insurance & Banking Subcommittee
    • Referred to Commerce Committee
    • Now in Insurance & Banking Subcommittee
    12/2/2025 House • Added to Insurance & Banking Subcommittee agenda
    12/9/2025 House • Favorable by Insurance & Banking Subcommittee
    • Reported out of Insurance & Banking Subcommittee
    • Now in Commerce Committee
    1/13/2026 House • 1st Reading (Original Filed Version)
    1/23/2026 House • Added to Commerce Committee agenda
    1/27/2026 House • Favorable with CS by Commerce Committee
    1/28/2026 House • Reported out of Commerce Committee
    • Laid on Table under Rule 7.18(a)
    • CS Filed
    1/29/2026 House • 1st Reading (Committee Substitute 1)
    2/2/2026 House • Bill referred to House Calendar
    • Added to Second Reading Calendar
    2/10/2026 House • Bill added to Special Order Calendar (2/17/2026)
    2/17/2026 House • Read 2nd time
    • Added to Third Reading Calendar
    • Read 3rd time
    • CS passed; YEAS 108, NAYS 0
    2/17/2026 Senate • In Messages
    2/18/2026 Senate • Referred to Rules
    • Received
    2/25/2026 Senate • Withdrawn from Rules
    • Placed on Calendar, on 2nd reading
    • Substituted for CS/CS/SB 198
    • Read 2nd time
    • Amendment(s) adopted (518110)
    • Read 3rd time
    • CS passed as amended; YEAS 37 NAYS 0
    • Immediately certified
    2/25/2026 House • In Messages
    3/12/2026 House • Added to Senate Message List
    • Amendment 518110 Concur
    • CS passed as amended; YEAS 107, NAYS 0
    • Ordered engrossed, then enrolled

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  • CS/HB 505, Enrolled (Current Bill Version) Posted 3/13/2026 at 8:17 AM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (3)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 198 (c2) Virtual Currency Kiosks Rouson Identical Last Action: 2/25/2026 S Laid on Table, refer to CS/HB 505 Track This Bill
    H 1087 (er) Pub. Rec./Office of Financial Regulation Government Operations Subcommittee Compare Last Action: 3/12/2026 H Ordered engrossed, then enrolled Track This Bill
    S 1440 (e1) Public Records/Office of Financial Regulation Martin Compare Last Action: 2/25/2026 H In Messages Track This Bill

    Citations - Statutes (11)

    Citation Catchline Location in Bill Location In Bill Help
    560.103 Definitions. Page 2 (pdf)
    560.105 Supervisory powers; rulemaking. Page 4 (pdf)
    560.114 Disciplinary actions; penalties. Page 5 (pdf)
    560.125 Unlicensed activity; penalties. Page 5 (pdf)
    560.501 Page 9 (pdf)
    560.502 Page 10 (pdf)
    560.503 Page 11 (pdf)
    560.504 Page 16 (pdf)
    560.505 Page 17 (pdf)
    560.506 Page 17 (pdf)
    560.507 Page 18 (pdf)

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  • CS/HB 505, Engrossed 1 Posted 3/12/2026 at 7:09 PM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 198 (c2) Virtual Currency Kiosks Rouson Similar Last Action: 2/25/2026 S Laid on Table, refer to CS/HB 505 Track This Bill
    S 1440 (e1) Public Records/Office of Financial Regulation Martin Compare Last Action: 2/25/2026 H In Messages Track This Bill

    Citations - Statutes (11)

    Citation Catchline Location in Bill Location In Bill Help
    560.103 Definitions. Page 2 (pdf)
    560.105 Supervisory powers; rulemaking.
    560.114 Disciplinary actions; penalties.
    560.125 Unlicensed activity; penalties.
    560.501
    560.502
    560.503
    560.504
    560.505
    560.506
    560.507

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  • CS/HB 505, Committee Substitute 1 Posted 1/28/2026 at 5:56 PM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 198 (c2) Virtual Currency Kiosks Rouson Similar Last Action: 2/25/2026 S Laid on Table, refer to CS/HB 505 Track This Bill
    S 1440 (e1) Public Records/Office of Financial Regulation Martin Compare Last Action: 2/25/2026 H In Messages Track This Bill

    Floor Amendments (1)

    Amendment Sponsor Filed Last Floor Action Format
    518110 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:     		Rouson 2/24/2026
    9:37 AM     		House: Concur
    3/12/2026     		Web Page
    PDF

    Floor Votes (3)

    Date Chamber Result
    2/17/2026 2:39 PM House 108 Yeas - 0 Nays
    2/25/2026 5:22 PM Senate 37 Yeas - 0 Nays
    3/12/2026 2:54 PM House 107 Yeas - 0 Nays

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    560.103 Definitions. Page 2 (pdf)
    560.143 Fees. Page 2 (pdf)
    560.215 Page 3 (pdf)

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  • HB 505, Original Filed Version Posted 11/20/2025 at 11:06 AM

    Bill Text:   PDF
    Analyses:   Insurance & Banking Subcommittee (Post-Meeting) 12/9/2025 (pdf)
    Commerce Committee (Post-Meeting) 1/29/2026 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 198 Virtual Currency Kiosks Rouson Identical Last Action: 2/25/2026 S Laid on Table, refer to CS/HB 505 Track This Bill

    Committee Amendments (2)

    Amendment Sponsor Filed Last Committee Action Format
    476503 - Strike All Amendment
    Remove everything after the enacting clause and insert:     		Owen 1/26/2026
    12:29 PM     		Adopted
    1/27/2026     		PDF
    hierarchy 454065 - Amendment to Amendment (476503)
    Remove lines 84-114 of the amendment and insert:     		McFarland 1/26/2026
    7:10 PM     		Adopted without Objection
    1/27/2026     		PDF

    Citations - Statutes (1)

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

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