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IntroducedFeb 27, 2025
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Passed HouseMay 14, 2025
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Passed SenateMay 29, 2025
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Signed into LawJun 10, 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.
Last Action See all actions
House • Jun 10, 2025: Public Act 25-66 (LCO)
Latest Bill Text See all bill texts
Summary/Bill Text
Sponsors
- Banking Committeeprimary
- Sen. Matthew L. Lessercosponsor
- Rep. Jason Doucettecosponsor
Votes
YES: 13
- Doucette J
- Miller P
- Delnicki T
- Berthel E
- Santos F
- Honig P
- Baker A
- Foster J
- Hochadel J
- Gee F
- Aniskovich C
- Hoxha J
- Gaiewski D
NO: 0
OTHER: 0
YES: 146
- ALLIE-BRENNAN
- HUGHES
- WELANDER
- PISCOPO
- ARZENO
- JACOBSON
- WILSON
- PIZZUTO
- BAKER
- JOHNSON, D.
- WINTER
- POLLETTA
- BARRY
- JOHNSON, S.
- WOOD
- REDDINGTON-HUGHES
- BELTON
- KAVROS DEGRAW
- ROMANO
- BERGER-GIRVALO
- KEITT
- RUTIGLIANO
- BIGGINS
- KHAN
- ACKERT
- SCOTT
- BLUMENTHAL
- LAMARK MUIR
- ANDERSON
- BOYD
- LEEPER
- ANISKOVICH
- VAIL
- BROWN, K.
- LEMAR
- VEACH
- LUXENBERG
- BRONKO
- WEIR
- BUMGARDNER
- MARTINEZ, R.
- BUCHSBAUM
- YACCARINO
- CHAFEE
- MCCARTHY VAHEY
- BUCKBEE
- ZAWISTOWSKI
- COLLINS MAIN
- MCGEE
- CALLAHAN
- ZULLO
- COMEY
- MENAPACE
- CANDELORA, V.
- ZUPKUS
- CONCEPCION
- MESKERS
- CANINO
- CONSTANTINE
- MORRIN BELLO
- CARNEY
- DATHAN
- NAPOLI
- CARPINO
- DEFRONZO
- OSBORNE
- CASE
- RITTER
- DELANY
- PARIS
- COURPAS
- DEMICCO
- PARKER
- DAUPHINAIS
- DIGIOVANCARLO
- POULOS
- DECAPRIO
- CANDELARIA, J.
- DILLON
- QUINN
- DELNICKI
- GODFREY
- DOUCETTE
- RADER
- DUBITSKY
- HALL, J.
- EXUM
- ROBERTS
- REYES
- FARRAR
- ROCHELLE
- FONCELLO
- ROSARIO
- FAZZINO
- ROJAS
- HAINES
- RYAN
- FELIPE
- SANCHEZ, E.
- HALL, C.
- SANTIAGO
- FORTIER
- SANCHEZ, J.
- HOWARD
- FOSTER
- SANTANELLA
- HOXHA
- BUTLER
- GAIEWSKI
- SANTOS
- JENSEN
- GONZALEZ
- GARIBAY
- SHAKE
- KENNEDY
- MUSHINSKY
- GAUTHIER
- SHANNON
- KLARIDES-DITRIA
- PAOLILLO
- GEE
- SIMMS
- LANOUE
- GENGA
- SMITH
- MARRA
- ELLIOTT
- GILCHREST
- STAFSTROM
- MASTROFRANCESCO
- GIBSON
- GUCKER
- STEINBERG
- MCGORTY, B.
- GRESKO
- HADDAD
- SWEET
- NUCCIO
- LINEHAN
- HEFFERNAN
- TURCO
- O'DEA
- NOLAN
- HORN
- WALKER
- PAVALOCK-D'AMATO
NO: 0
YES: 105
- ALLIE-BRENNAN
- HUGHES
- WELANDER
- ARZENO
- JACOBSON
- WILSON
- BAKER
- JOHNSON, D.
- WINTER
- BARRY
- JOHNSON, S.
- WOOD
- BELTON
- KAVROS DEGRAW
- BERGER-GIRVALO
- KEITT
- BIGGINS
- KHAN
- ACKERT
- BLUMENTHAL
- LAMARK MUIR
- ANDERSON
- BOYD
- LEEPER
- BROWN, K.
- LEMAR
- LUXENBERG
- BUMGARDNER
- MARTINEZ, R.
- CHAFEE
- MCCARTHY VAHEY
- COLLINS MAIN
- MCGEE
- COMEY
- MENAPACE
- CONCEPCION
- MESKERS
- CONSTANTINE
- MORRIN BELLO
- DATHAN
- NAPOLI
- DEFRONZO
- OSBORNE
- RITTER
- DELANY
- PARIS
- DEMICCO
- PARKER
- DIGIOVANCARLO
- POULOS
- CANDELARIA, J.
- DILLON
- QUINN
- DELNICKI
- GODFREY
- DOUCETTE
- RADER
- HALL, J.
- EXUM
- ROBERTS
- REYES
- FARRAR
- ROCHELLE
- ROSARIO
- FAZZINO
- ROJAS
- RYAN
- FELIPE
- SANCHEZ, E.
- SANTIAGO
- FORTIER
- SANCHEZ, J.
- FOSTER
- SANTANELLA
- HOXHA
- BUTLER
- GAIEWSKI
- SANTOS
- GONZALEZ
- GARIBAY
- SHAKE
- MUSHINSKY
- GAUTHIER
- SHANNON
- PAOLILLO
- GEE
- SIMMS
- GENGA
- SMITH
- ELLIOTT
- GILCHREST
- STAFSTROM
- GIBSON
- GUCKER
- STEINBERG
- GRESKO
- HADDAD
- SWEET
- LINEHAN
- HEFFERNAN
- TURCO
- O'DEA
- NOLAN
- HORN
- WALKER
NO: 42
- PISCOPO
- PIZZUTO
- POLLETTA
- REDDINGTON-HUGHES
- ROMANO
- RUTIGLIANO
- SCOTT
- ANISKOVICH
- VAIL
- VEACH
- BRONKO
- WEIR
- BUCHSBAUM
- YACCARINO
- BUCKBEE
- ZAWISTOWSKI
- CALLAHAN
- ZULLO
- CANDELORA, V.
- ZUPKUS
- CANINO
- CARNEY
- CARPINO
- CASE
- COURPAS
- DAUPHINAIS
- DECAPRIO
- DUBITSKY
- FISHBEIN
- FONCELLO
- HAINES
- HALL, C.
- HOWARD
- JENSEN
- KENNEDY
- KLARIDES-DITRIA
- LANOUE
- MARRA
- MASTROFRANCESCO
- MCGORTY, B.
- NUCCIO
- PAVALOCK-D'AMATO
ABSENT: 4
YES: 36
- JOHN W. FONFARA
- CATHERINE A. OSTEN
- DOUGLAS MCCRORY
- MARTHA MARX
- SAUD ANWAR
- JASON PERILLO
- MD RAHMAN
- SUJATA GADKAR-WILCOX
- DEREK SLAP
- HERRON GASTON
- RICK LOPES
- JULIE KUSHNER
- JOHN A. KISSEL
- BOB DUFF
- PAUL HONIG
- CECI MAHER
- MATTHEW L. LESSER
- PATRICIA BILLIE MILLER
- GARY WINFIELD
- TONY HWANG
- MARTIN M. LOONEY
- MAE FLEXER
- CHRISTINE COHEN
- STEPHEN HARDING
- JAN HOCHADEL
- HENRI MARTIN
- JAMES MARONEY
- ERIC C. BERTHEL
- JOAN V. HARTLEY
- NORMAN NEEDLEMAN
- ROB SAMPSON
- PAUL CICARELLA
- JORGE CABRERA
- JEFF GORDON
- HEATHER S. SOMERS
- RYAN FAZIO
NO: 0
OTHER: 0
YES: 148
- ALLIE-BRENNAN
- HUGHES
- WELANDER
- PISCOPO
- ARZENO
- JACOBSON
- WILSON
- PIZZUTO
- BAKER
- JOHNSON, D.
- WINTER
- POLLETTA
- BARRY
- JOHNSON, S.
- WOOD
- REDDINGTON-HUGHES
- BELTON
- KAVROS DEGRAW
- ROMANO
- BERGER-GIRVALO
- KEITT
- RUTIGLIANO
- BIGGINS
- KHAN
- ACKERT
- SCOTT
- BLUMENTHAL
- LAMARK MUIR
- ANDERSON
- BOYD
- LEEPER
- ANISKOVICH
- VAIL
- BROWN, K.
- LEMAR
- BOLINSKY
- BROWN, M.
- LUXENBERG
- BRONKO
- WEIR
- BUMGARDNER
- MARTINEZ, R.
- BUCHSBAUM
- YACCARINO
- MCCARTHY VAHEY
- BUCKBEE
- ZAWISTOWSKI
- COLLINS MAIN
- MCGEE
- CALLAHAN
- ZULLO
- COMEY
- MENAPACE
- CANDELORA, V.
- ZUPKUS
- CONCEPCION
- MESKERS
- CANINO
- CONSTANTINE
- MORRIN BELLO
- CARNEY
- DATHAN
- NAPOLI
- CARPINO
- DEFRONZO
- OSBORNE
- CASE
- RITTER
- DELANY
- PARIS
- COURPAS
- DEMICCO
- PARKER
- DAUPHINAIS
- DIGIOVANCARLO
- POULOS
- DECAPRIO
- CANDELARIA, J.
- DILLON
- QUINN
- DELNICKI
- GODFREY
- DOUCETTE
- RADER
- DUBITSKY
- HALL, J.
- EXUM
- ROBERTS
- FISHBEIN
- REYES
- FARRAR
- ROCHELLE
- FONCELLO
- ROSARIO
- FAZZINO
- ROJAS
- HAINES
- RYAN
- FELIPE
- SANCHEZ, E.
- HALL, C.
- SANTIAGO
- FORTIER
- SANCHEZ, J.
- HOWARD
- FOSTER
- SANTANELLA
- HOXHA
- BUTLER
- GAIEWSKI
- SANTOS
- JENSEN
- GONZALEZ
- GARIBAY
- SHAKE
- KENNEDY
- MUSHINSKY
- GAUTHIER
- SHANNON
- KLARIDES-DITRIA
- PAOLILLO
- GEE
- SIMMS
- LANOUE
- GENGA
- SMITH
- MARRA
- ELLIOTT
- GILCHREST
- STAFSTROM
- MASTROFRANCESCO
- GIBSON
- GUCKER
- STEINBERG
- MCGORTY, B.
- GRESKO
- HADDAD
- SWEET
- NUCCIO
- LINEHAN
- HEFFERNAN
- TURCO
- O'DEA
- NOLAN
- HORN
- WALKER
- PAVALOCK-D'AMATO
- SANCHEZ, R.
NO: 0
Actions
- Jun 10, 2025 | House
- Public Act 25-66 (LCO)
- May 30, 2025 | House
- Potential Disagreeing Action, Tabled for the Calendar, House
- House Adopted Senate Amendment Schedule A
- House Passed as Amended by House Amendment Schedule A
- House Passed as Amended by Senate Amendment Schedule A
- In Concurrence
- May 30, 2025 | Senate
- Senate Passed as Amended by House Amendment Schedule A
- May 29, 2025 | House
- Rules Suspended, Transmitted to the House
- May 29, 2025 | Senate
- Senate Adopted House Amendment Schedule A
- Senate Adopted Senate Amendment Schedule A 9593
- Senate Passed as Amended by Senate Amendment Schedule A
- May 16, 2025 | Senate
- Favorable Report, Tabled for the Calendar, Senate
- Senate Calendar Number 511
- File Number 933 (LCO)
- May 14, 2025 | House
- House Adopted House Amendment Schedule A 8192
- House Passed as Amended by House Amendment Schedule A
- Mar 27, 2025 | House
- Reported Out of Legislative Commissioners' Office (LCO)
- Favorable Report, Tabled for the Calendar, House
- House Calendar Number 220
- File Number 318 (LCO)
- Mar 21, 2025 | House
- Referred to Office of Legislative Research and Office of Fiscal Analysis 03/26/25 5:00 PM (LCO)
- Mar 11, 2025 | House
- Joint Favorable (BA)
- Filed with Legislative Commissioners' Office (LCO)
- Feb 28, 2025 | House
- Public Hearing 03/04
- Feb 27, 2025 | House
- Referred to Joint Committee on Banking
Documents
- Bill Analysis for HB-7082, as amended by House "A" and Senate "A"
- Bill Analysis For File Copy 933
- Bill Analysis for HB-7082, as amended by House "A"
- Bill Analysis For File Copy 318
- Fiscal Note For File Copy 318
- Fiscal Note for HB-7082, As Amended by House "A" (LCO 8192)
- Fiscal Note For File Copy 933
- Fiscal Note for HB-7082, As Amended by House "A" (LCO 8192), Senate "A" (LCO 9593)
- Fiscal Note for HB-7082, As Amended by House "A" (LCO 8192), Senate "A" (LCO 9593)
- Fiscal Note for Amendment LCO 8192 (No Fiscal Impact)
- Fiscal Note for Amendment LCO 9593 (No Fiscal Impact)
- Committee Report BA Joint Fav. Rpt
- Public Hearing Testimony
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