SB489 — Financial institutions and services; virtual currency kiosk operators, license required, penalties.
Last action — Acts of Assembly Chapter text (CHAP0655)
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House of Delegates
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced January 13, 2026. Enacted.
Signed by Governor Glenn Youngkin (Republican) on March 05, 2026.
Odds of enactment
High chanceBased on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.
Upgrade to see the exact probability and what's driving it.
A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.
Prognosis
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Enacted
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
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Cleared a recorded vote
Passed 5 recorded votes so far.
Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.
Summary
Financial institutions and services; virtual currency kiosk operators, license required, penalties.
Bill Text
We don't have the full text on file for this bill yet.
Read SB489 on the official Virginia source →Action History
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Acts of Assembly Chapter text (CHAP0655)
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Approved by Governor-Chapter 655 (effective 7/1/2026)
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S Fiscal Impact Statement from State Corporation Commission (SB489)
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Governor's Action Deadline 11:59 p.m., April 13, 2026
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S Enrolled Bill communicated to Governor on March 10, 2026
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S Signed by President
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H Signed by Speaker
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S Bill text as passed Senate and House (SB489ER)
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S Enrolled
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S House Amendments agreed to by Senate (40-Y 0-A 0-A)
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H Passed House with amendments (86-Y 10-N 0-A)
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H Engrossed by House as amended
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H committee amendments agreed to
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H Read third time
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H Read second time
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H House committee offered
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H Reported from Communications, Technology and Innovation with amendment(s) (19-Y 3-N)
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H House committee offered
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H Placed on Communications, Technology and Innovation Agenda
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H Referred to Committee on Communications, Technology and Innovation
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H Read first time
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H Placed on Calendar
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S Read third time and passed Senate (40-Y 0-N 0-A)
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S Engrossed by Senate - committee substitute (Voice Vote)
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S Commerce and Labor Substitute agreed to
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S Read second time
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S Fiscal Impact Statement from State Corporation Commission (SB489)
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S Passed by for the day (Voice Vote)
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S Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
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S Rules suspended
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S Reported from Finance and Appropriations
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S Committee substitute printed 26106150D-S1
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S Rereferred to Finance and Appropriations
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S Reported from Commerce and Labor with substitute and rereferred to Finance and Appropriations (11-Y 0-N 4-A)
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S Senate committee offered
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S Fiscal Impact Statement from State Corporation Commission (SB489)
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S Referred to Committee on Commerce and Labor
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S Prefiled and ordered printed; Offered 01-14-2026 26104942D
Sponsors
- Saddam Azlan Salim · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 147 not signed on · 10 voted No
Sponsors (1)
Co-sponsors (0)
None.
Not signed on (147)
147 members have not signed on to this bill.
Show all 147 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 86 | 10 | 0 | 3 |
| Total | 86 | 10 | 0 | 3 |
| % of votes cast | 87% | 10% | 0% | 3% |
How each member voted (99)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 19 | 3 | 0 | 0 |
| Total | 19 | 3 | 0 | 0 |
| % of votes cast | 86% | 14% | 0% | 0% |
How each member voted (22)
| Member | Party | Vote |
|---|---|---|
| Alfonso H. Lopez | — | Yea |
| C.E. Cliff Hayes, Jr. | — | Yea |
| Charlie Schmidt | — | Yea |
| Delores Oates | — | Yea |
| Garrett McGuire | — | Yea |
| H. Otto Wachsmann, Jr. | — | Yea |
| Holly M. Seibold | — | Yea |
| Irene Shin | — | Yea |
| JJ Singh | — | Yea |
| Jackie H. Glass | — | Yea |
| Jeion A. Ward | — | Yea |
| Joseph P. McNamara | — | Yea |
| Justin Pence | — | Nay |
| Karen Hamilton | — | Nay |
| Karen Keys-Gamarra | — | Yea |
| Lily V. Franklin | — | Yea |
| Lindsey Dougherty | — | Yea |
| Marty Martinez | — | Yea |
| Michelle Lopes Maldonado | — | Yea |
| Rozia A. Henson, Jr. | — | Yea |
| Thomas A. Garrett, Jr. | — | Yea |
| Thomas C. Wright, Jr. | — | Nay |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 40 | 0 | 0 | 0 |
| Total | 40 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (40)
| Member | Party | Vote |
|---|---|---|
| Aaron R. Rouse | — | Yea |
| Adam P. Ebbin | — | Yea |
| Angelia Williams Graves | — | Yea |
| Barbara A. Favola | — | Yea |
| Bill DeSteph | — | Yea |
| Bryce E. Reeves | — | Yea |
| Christie New Craig | — | Yea |
| Christopher T. Head | — | Yea |
| Danica A. Roem | — | Yea |
| David R. Suetterlein | — | Yea |
| David W. Marsden | — | Yea |
| Emily M. Jordan | — | Yea |
| Glen H. Sturtevant, Jr. | — | Yea |
| J.D. "Danny" Diggs | — | Yea |
| Jennifer B. Boysko | — | Yea |
| Jennifer D. Carroll Foy | — | Yea |
| Jeremy S. McPike | — | Yea |
| Kannan Srinivasan | — | Yea |
| L. Louise Lucas | — | Yea |
| Lamont Bagby | — | Yea |
| Lashrecse D. Aird | — | Yea |
| Luther Cifers, III | — | Yea |
| Mamie E. Locke | — | Yea |
| Mark D. Obenshain | — | Yea |
| Mark J. Peake | — | Yea |
| Michael J. Jones | — | Yea |
| R. Creigh Deeds | — | Yea |
| Richard H. Stuart | — | Yea |
| Russet Perry | — | Yea |
| Ryan T. McDougle | — | Yea |
| Saddam Azlan Salim | — | Yea |
| Schuyler T. VanValkenburg | — | Yea |
| Scott A. Surovell | — | Yea |
| Stella G. Pekarsky | — | Yea |
| T. Travis Hackworth | — | Yea |
| Tammy Brankley Mulchi | — | Yea |
| Tara A. Durant | — | Yea |
| Timmy French | — | Yea |
| Todd E. Pillion | — | Yea |
| William M. Stanley, Jr. | — | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 40 | 0 | 0 | 0 |
| Total | 40 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (40)
| Member | Party | Vote |
|---|---|---|
| Aaron R. Rouse | — | Yea |
| Adam P. Ebbin | — | Yea |
| Angelia Williams Graves | — | Yea |
| Barbara A. Favola | — | Yea |
| Bill DeSteph | — | Yea |
| Bryce E. Reeves | — | Yea |
| Christie New Craig | — | Yea |
| Christopher T. Head | — | Yea |
| Danica A. Roem | — | Yea |
| David R. Suetterlein | — | Yea |
| David W. Marsden | — | Yea |
| Emily M. Jordan | — | Yea |
| Glen H. Sturtevant, Jr. | — | Yea |
| J.D. "Danny" Diggs | — | Yea |
| Jennifer B. Boysko | — | Yea |
| Jennifer D. Carroll Foy | — | Yea |
| Jeremy S. McPike | — | Yea |
| Kannan Srinivasan | — | Yea |
| L. Louise Lucas | — | Yea |
| Lamont Bagby | — | Yea |
| Lashrecse D. Aird | — | Yea |
| Luther Cifers, III | — | Yea |
| Mamie E. Locke | — | Yea |
| Mark D. Obenshain | — | Yea |
| Mark J. Peake | — | Yea |
| Michael J. Jones | — | Yea |
| R. Creigh Deeds | — | Yea |
| Richard H. Stuart | — | Yea |
| Russet Perry | — | Yea |
| Ryan T. McDougle | — | Yea |
| Saddam Azlan Salim | — | Yea |
| Schuyler T. VanValkenburg | — | Yea |
| Scott A. Surovell | — | Yea |
| Stella G. Pekarsky | — | Yea |
| T. Travis Hackworth | — | Yea |
| Tammy Brankley Mulchi | — | Yea |
| Tara A. Durant | — | Yea |
| Timmy French | — | Yea |
| Todd E. Pillion | — | Yea |
| William M. Stanley, Jr. | — | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 11 | 0 | 0 | 4 |
| Total | 11 | 0 | 0 | 4 |
| % of votes cast | 73% | 0% | 0% | 27% |
How each member voted (15)
| Member | Party | Vote |
|---|---|---|
| Aaron R. Rouse | — | Yea |
| Adam P. Ebbin | — | Yea |
| Bill DeSteph | — | Not Voting |
| Bryce E. Reeves | — | Not Voting |
| David W. Marsden | — | Yea |
| Jeremy S. McPike | — | Yea |
| L. Louise Lucas | — | Yea |
| Lamont Bagby | — | Yea |
| Mamie E. Locke | — | Yea |
| Mark D. Obenshain | — | Not Voting |
| Mark J. Peake | — | Yea |
| R. Creigh Deeds | — | Yea |
| Ryan T. McDougle | — | Not Voting |
| Scott A. Surovell | — | Yea |
| William M. Stanley, Jr. | — | Yea |
Subjects
Frequently asked questions
- What does SB489 do?
- Financial institutions and services; virtual currency kiosk operators, license required, penalties.
- Who sponsors SB489?
- SB489 is sponsored by Saddam Azlan Salim.
- What is the current status of SB489?
- This bill has been enacted into law. Introduced January 13, 2026. Enacted.
- Where can I track SB489?
- Track SB489 free on One Click Politics — get push/email alerts when it moves.
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