Kentucky 2026 Regular Session Status: Enacted 2 R cosponsors

SB 189 — AN ACT relating to the regulation of digital asset business.

Last action — signed by Governor (Acts Ch. 126)

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 12, 2026. Enacted.

Signed by Governor Andy Beshear (Democratic) on April 13, 2026.

Prognosis

Likely to advance 74% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 2 sponsors

    2 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (2 R).

  • Cleared a recorded vote

    Passed 4 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Establish Subtitle 13 of KRS Chapter 286 and create new sections thereof to regulate virtual currency kiosks; establish definitions; provide for enforcement by the commissioner of the Department of Financial Institutions; establish license requirements for virtual currency kiosks; require regulatory filings to be submitted to a nationwide licensing system registry; establish initial and renewal application processes and requirements, reporting, surety bond and tangible net worth, and change of control requirements for virtual currency kiosk operators; require the commissioner to promulgate administrative regulations to establish format, document submission, fee, and trade practice requirements for virtual currency kiosk operators; establish record retention requirements for persons required to be licensed as virtual currency kiosk operators; establish trade practice requirements relating to protection of resident assets, virtual currency kiosk transactions, prohibited practices, and fraud and information security compliance procedures; authorize the commissioner to conduct investigations and examinations; provide for the confidentiality of certain documents provided to the commissioner; authorize the commissioner to share, disclose, and report information and take other actions to assist in the commissioner's duties; require the commissioner to submit an annual licensing report to the Legislative Research Commission; establish due process requirements for adverse actions taken by the commissioner against licensees and other persons; establish requirements for the denial, suspension, or revocation of a license; authorize the commissioner to enter cease and desist orders and emergency orders; authorize the commissioner to order civil penalties against persons that violate the subtitle; require the commissioner of the Department of Financial Institutions to promulgate any required emergency and ordinary administrative regulations on or before January 1, 2027; EFFECTIVE, in part, March 31, 2027.

Bill Text

What changed in the latest version

1775 added · 2322 removed

1775 line(s) added, 2322 removed.

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UNOFFICIAL COPY 26 RS SB 189/EN AN ACT relating to the regulation of digital asset business.
CHAPTER 126 1 CHAPTER 126 ( SB 189 ) AN ACT relating to the regulation of digital asset business.
(b) The power to vote, directly or indirectly, at least twenty-five percent (25%) of the outstanding voting shares or voting interests of a person or a person in Page 1 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN control of the person;
(b) The power to vote, directly or indirectly, at least twenty-five percent (25%) of the outstanding voting shares or voting interests of a person or a person in control of the person;
and (b) Not backed by a physical commodity;
and Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY (b) Not backed by a physical commodity;
Page 2 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN (a) Means a medium of exchange or unit of value, including the coin or paper money of the United States, that is:
(a) Means a medium of exchange or unit of value, including the coin or paper money of the United States, that is:
5311 to 5332 and 31 C.F.R.
5311 to 5332 and C.F.R.
and Page 3 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN 2.
and 2.
1.
CHAPTER 126 3 1.
Page 4 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN 1.
1.
Page 5 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN (2) A state or any agency, department, or political subdivision of a state;
(2) A state or any agency, department, or political subdivision of a state;
(9) A corporation organized under the Edge Act, 12 U.S.C.
Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY (9) A corporation organized under the Edge Act, 12 U.S.C.
of this subsection shall be supplemental to any other provisions of this Page 6 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN subtitle relating to the promulgation of administrative regulations.
of this subsection shall be supplemental to any other provisions of this subtitle relating to the promulgation of administrative regulations.
Agent, the written approval of the commissioner to designate the Page 7 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN agent to engage in virtual currency kiosk business in this state on behalf of the person;
Agent, the written approval of the commissioner to designate the agent to engage in virtual currency kiosk business in this state on behalf of the person;
(b) Except as provided in paragraph (c) of this subsection, a person shall be deemed to be engaged in virtual currency kiosk business in this state if the person:
CHAPTER 126 5 (b) Except as provided in paragraph (c) of this subsection, a person shall be deemed to be engaged in virtual currency kiosk business in this state if the person:
and Page 8 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN (c) Expire on December 31 of the year in which it is issued, unless renewed or reinstated in accordance with Section 11 of this Act.
and (c) Expire on December 31 of the year in which it is issued, unless renewed or reinstated in accordance with Section 11 of this Act.
Whether the system has implemented and complied with the data Page 9 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN security guidelines set forth in the Gramm-Leach-Bliley Act, 15 U.S.C.
Whether the system has implemented and complied with the data security guidelines set forth in the Gramm-Leach-Bliley Act, 15 U.S.C.
(5) The commissioner may establish relationships and contracts with other governmental agencies or entities affiliated with the registry that the commissioner deems necessary to carry out this section.
Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY (5) The commissioner may establish relationships and contracts with other governmental agencies or entities affiliated with the registry that the commissioner deems necessary to carry out this section.
and Page 10 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN 6.
and 6.
Page 11 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN 1.
1.
and 3.
and CHAPTER 126 7 3.
Page 12 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN (c) 1.
(c) 1.
and (h) A description of the activities conducted by the person and a history of operations, including a description of any money or virtual currency Page 13 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN services, money transmission, or virtual currency kiosk business that has been previously conducted in this state;
and (h) A description of the activities conducted by the person and a history of operations, including a description of any money or virtual currency services, money transmission, or virtual currency kiosk business that has been previously conducted in this state;
(5) A list of all regulatory revocations, suspensions, restrictions, and other disciplinary actions in any state, federal, or foreign jurisdiction, including all rejected applications, taken against any of the following:
Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY (5) A list of all regulatory revocations, suspensions, restrictions, and other disciplinary actions in any state, federal, or foreign jurisdiction, including all rejected applications, taken against any of the following:
(7) (a) A list and description of all material litigation for the ten (10) year period Page 14 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN preceding the filing of the application against any of the following:
(7) (a) A list and description of all material litigation for the ten (10) year period preceding the filing of the application against any of the following:
Page 15 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN (15) The name, business address, email address, and telephone number of the applicant's chief compliance officer for virtual currency kiosk business conducted in this state;
(15) The name, business address, email address, and telephone number of the applicant's chief compliance officer for virtual currency kiosk business conducted in this state;
(16) With respect to the applicant's virtual currency kiosk business in this state, a copy of the certificate of coverage for each liability, casualty, business interruption, and cybersecurity insurance policy maintained by the applicant for any of the following:
CHAPTER 126 9 (16) With respect to the applicant's virtual currency kiosk business in this state, a copy of the certificate of coverage for each liability, casualty, business interruption, and cybersecurity insurance policy maintained by the applicant for any of the following:
and Page 16 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN 2.
and 2.
(23) If the applicant or its agents are required to register with the Financial Crimes Enforcement Network of the United States Department of the Treasury as a Page 17 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN money service business, evidence of the registration;
(23) If the applicant or its agents are required to register with the Financial Crimes Enforcement Network of the United States Department of the Treasury as a money service business, evidence of the registration;
and (25) Any other information, documentation, or evidence the commissioner reasonably requires to determine whether an applicant satisfies the requirements of this subtitle.
and Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY (25) Any other information, documentation, or evidence the commissioner reasonably requires to determine whether an applicant satisfies the requirements of this subtitle.
Is accompanied by a nonrefundable fee for each location and agent Page 18 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN that is determined by the commissioner in accordance with Section 13 of this Act, except the commissioner may waive the nonrefundable fee for any application that is made at the same time as a license application under Section 6 of this Act.
Is accompanied by a nonrefundable fee for each location and agent that is determined by the commissioner in accordance with Section 13 of this Act, except the commissioner may waive the nonrefundable fee for any application that is made at the same time as a license application under Section 6 of this Act.
The commissioner may issue a notice of intent to issue a conditional approval to the applicant or licensee to engage in virtual currency kiosk business at the location, or through the agent, in this state if the Page 19 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN commissioner, after investigation, determines that the conditions, including any additional bond amount specified by the commissioner under Section 9 of this Act, are necessary for the applicant or licensee to satisfy the requirements of paragraph (a)1.
The commissioner may issue a notice of intent to issue a conditional approval to the applicant or licensee to engage in virtual currency kiosk business at the location, or through the agent, in this state if the commissioner, after investigation, determines that the conditions, including any additional bond amount specified by the commissioner under Section 9 of this Act, are necessary for the applicant or licensee to satisfy the requirements of paragraph (a)1.
The commissioner may issue a conditional approval to an applicant or licensee to engage in virtual currency kiosk business at the location, or through the agent, in this state if the applicant or licensee files a written acceptance of the conditions specified in the notice issued under subparagraph 1.
The commissioner may issue a conditional approval to an applicant or licensee to engage in virtual currency kiosk business at the location, or through the agent, in this state if the applicant or licensee files a written acceptance of the conditions specified in the notice issued CHAPTER 126 11 under subparagraph 1.
or Page 20 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN b.
or b.
(c) An applicant or a licensee that is required to increase its bond under Page 21 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN paragraph (b) of this subsection shall submit to the commissioner evidence that it has secured the additional bond amount not later than thirty (30) days after the applicant or licensee is notified by the commissioner in writing of the required increase.
(c) An applicant or a licensee that is required to increase its bond under paragraph (b) of this subsection shall submit to the commissioner evidence that it has secured the additional bond amount not later than thirty (30) days after the applicant or licensee is notified by the commissioner in writing of the required increase.
3.
Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY 3.
Page 22 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN (d) The commissioner may maintain a civil action on a bond on behalf of the department or any other claimant in the Franklin Circuit Court or in any other court of competent jurisdiction, either in one (1) action or successive actions.
(d) The commissioner may maintain a civil action on a bond on behalf of the department or any other claimant in the Franklin Circuit Court or in any other court of competent jurisdiction, either in one (1) action or successive actions.
An application for approval to engage in virtual currency kiosk Page 23 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN business at one (1) or more locations, or through one (1) or more agents, in this state;
An application for approval to engage in virtual currency kiosk business at one (1) or more locations, or through one (1) or more agents, in this state;
b.
CHAPTER 126 13 b.
Page 24 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN (1) As used in this section, "United States dollar equivalent of virtual currency" means the equivalent value of virtual currency in United States dollars shown on a virtual currency exchange based in the United States for a particular date or period.
(1) As used in this section, "United States dollar equivalent of virtual currency" means the equivalent value of virtual currency in United States dollars shown on a virtual currency exchange based in the United States for a particular date or period.
(b) Any reinstatement of a license under paragraph (a) of this subsection shall be retroactive to January 1 of the calendar year in which the license expired.
(b) Any reinstatement of a license under paragraph (a) of this subsection shall be retroactive to January of the calendar year in which the license expired.
or Page 25 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN 2.
or 2.
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(b) A description of the following, if the information has not been previously reported to the commissioner on any other report filed under this subtitle:
Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY (b) A description of the following, if the information has not been previously reported to the commissioner on any other report filed under this subtitle:
Page 26 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN a.
a.
and Page 27 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN (b) Obtaining the prior written approval of the commissioner in accordance with subsection (3) of this section, except this paragraph shall not apply to:
and (b) Obtaining the prior written approval of the commissioner in accordance with subsection (3) of this section, except this paragraph shall not apply to:
3.
CHAPTER 126 15 3.
and Page 28 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN b.
and b.
Approve the application if the commissioner determines that the person satisfies the requirements of this subtitle for obtaining a Page 29 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN license;
Approve the application if the commissioner determines that the person satisfies the requirements of this subtitle for obtaining a license;
1.
Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY 1.
Page 30 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN (b) A licensee shall file a complete application for approval of the addition or replacement of a responsible individual with the commissioner.
(b) A licensee shall file a complete application for approval of the addition or replacement of a responsible individual with the commissioner.
Page 31 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN (1) Subject to subsection (2) of this section, the commissioner shall promulgate administrative regulations in accordance with KRS Chapter 13A to establish:
(1) Subject to subsection (2) of this section, the commissioner shall promulgate administrative regulations in accordance with KRS Chapter 13A to establish:
1.
CHAPTER 126 17 1.
(a) That the operator designates the person as its agent with authority to Page 32 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN engage in virtual currency kiosk business on behalf of the operator as authorized under this subtitle;
(a) That the operator designates the person as its agent with authority to engage in virtual currency kiosk business on behalf of the operator as authorized under this subtitle;
Page 33 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN (6) (a) All funds, less fees, received by an agent of a virtual currency kiosk operator from virtual currency kiosk business shall, from the time the funds are received by the agent until such time when the funds or an equivalent amount are remitted by the agent to the operator, constitute trust funds owned by and belonging to the operator.
(6) (a) All funds, less fees, received by an agent of a virtual currency kiosk operator from virtual currency kiosk business shall, from the time the funds are received by the agent until such time when the funds or an equivalent amount are remitted by the agent to the operator, constitute trust funds owned by and belonging to the operator.
1.
Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY 1.
The commissioner to resolve any examination, investigation, or Page 34 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN claim.
The commissioner to resolve any examination, investigation, or claim.
(f) Records demonstrating compliance with applicable state and federal anti- money laundering laws, including virtual currency kiosk user and account holder identification and verification documents, records linking virtual currency kiosk users and account holders to their respective accounts and balances, and a record of any compliance breaches;
(f) Records demonstrating compliance with applicable state and federal anti-money laundering laws, including virtual currency kiosk user and account holder identification and verification documents, records linking virtual currency kiosk users and account holders to their respective accounts and balances, and a record of any compliance breaches;
Investigations of virtual currency kiosk user and account holder Page 35 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN complaints;
Investigations of virtual currency kiosk user and account holder complaints;
(4) Books, accounts, or records of any person described in this section may be maintained at a location outside of this state so long as they are made accessible to the commissioner upon seven (7) business days' written notice.
CHAPTER 126 19 (4) Books, accounts, or records of any person described in this section may be maintained at a location outside of this state so long as they are made accessible to the commissioner upon seven (7) business days' written notice.
Page 36 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN (1) Every virtual currency kiosk operator shall, at all times, maintain permissible investments that:
(1) Every virtual currency kiosk operator shall, at all times, maintain permissible investments that:
Page 37 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN a.
a.
1.
Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY 1.
At the operator's cost, allow a new virtual currency kiosk user to Page 38 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN cancel, and receive a full refund for, a virtual currency kiosk transaction within seventy-two (72) hours after the transaction;
At the operator's cost, allow a new virtual currency kiosk user to cancel, and receive a full refund for, a virtual currency kiosk transaction within seventy-two (72) hours after the transaction;
Page 39 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN b.
b.
(4) (a) Prior to entering a virtual currency kiosk transaction with a virtual currency kiosk user, a virtual currency kiosk operator shall:
CHAPTER 126 21 (4) (a) Prior to entering a virtual currency kiosk transaction with a virtual currency kiosk user, a virtual currency kiosk operator shall:
Page 40 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN b.
b.
The value of virtual currency may be derived from the continued willingness of market participants to exchange legal tender for virtual currency, which may result in the potential for permanent and total loss of value of a particular virtual currency if the market for the virtual currency declines or collapses for an Page 41 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN extended period of time;
The value of virtual currency may be derived from the continued willingness of market participants to exchange legal tender for virtual currency, which may result in the potential for permanent and total loss of value of a particular virtual currency if the market for the virtual currency declines or collapses for an extended period of time;
3.
Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY 3.
A description of all virtual currency kiosk charges, which shall be Page 42 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN disclosed in United States dollars;
A description of all virtual currency kiosk charges, which shall be disclosed in United States dollars;
Page 43 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN (a) "Blockchain analytics" means the analysis of data from blockchains or publicly distributed ledgers, including associated transaction information;
(a) "Blockchain analytics" means the analysis of data from blockchains or publicly distributed ledgers, including associated transaction information;
Identifies and assesses fraud-related and money laundering- related risk areas;
Identifies and assesses fraud-related and money laundering-related risk areas;
d.
CHAPTER 126 23 d.
An enhanced due diligence policy that, at a minimum, establishes protocols to identify individuals who are at risk of fraud based on age Page 44 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN or mental capacity;
An enhanced due diligence policy that, at a minimum, establishes protocols to identify individuals who are at risk of fraud based on age or mental capacity;
(4) (a) Prior to accepting payment from any virtual currency kiosk user in this Page 45 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN state, a virtual currency kiosk operator and its agents shall verify the identity of the user.
(4) (a) Prior to accepting payment from any virtual currency kiosk user in this state, a virtual currency kiosk operator and its agents shall verify the identity of the user.
(5) (a) Except as provided in paragraph (b) of this subsection, upon request of a virtual currency kiosk user, a virtual currency kiosk operator and its agents shall issue a refund of all virtual currency kiosk charges to the user for each virtual currency kiosk transaction that satisfies all of the following:
Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY (5) (a) Except as provided in paragraph (b) of this subsection, upon request of a virtual currency kiosk user, a virtual currency kiosk operator and its agents shall issue a refund of all virtual currency kiosk charges to the user for each virtual currency kiosk transaction that satisfies all of the following:
and Page 46 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN b.
and b.
Page 47 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN 1.
1.
2.
CHAPTER 126 25 2.
Page 48 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN (7) (a) Each virtual currency kiosk operator shall designate a qualified natural person to serve as the operator's chief compliance officer for virtual currency kiosk business conducted in this state.
(7) (a) Each virtual currency kiosk operator shall designate a qualified natural person to serve as the operator's chief compliance officer for virtual currency kiosk business conducted in this state.
Page 49 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN 1.
1.
(2) The commissioner may conduct an investigation, upon complaint or otherwise, of any virtual currency kiosk operator or other person within or outside this state that he or she deems necessary to:
Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY (2) The commissioner may conduct an investigation, upon complaint or otherwise, of any virtual currency kiosk operator or other person within or outside this state that he or she deems necessary to:
Page 50 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN (3) (a) The commissioner may conduct routine examinations of the virtual currency kiosk affairs, business, offices, books, accounts, and records of licensees and agents of licensees.
(3) (a) The commissioner may conduct routine examinations of the virtual currency kiosk affairs, business, offices, books, accounts, and records of licensees and agents of licensees.
Page 51 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN (b) Participate in a joint or concurrent investigation or examination with one (1) or more states or federal agencies, including a multistate investigation or examination;
(b) Participate in a joint or concurrent investigation or examination with one (1) or more states or federal agencies, including a multistate investigation or examination;
and Page 52 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN (c) Not be subject to subpoena or discovery, or admissible as evidence in any civil action, unless the commissioner determines or, after notice to the commissioner and a hearing, a court of competent jurisdiction determines that the commissioner would not be prejudiced by disclosure of the document, material, report, or information.
and CHAPTER 126 27 (c) Not be subject to subpoena or discovery, or admissible as evidence in any civil action, unless the commissioner determines or, after notice to the commissioner and a hearing, a court of competent jurisdiction determines that the commissioner would not be prejudiced by disclosure of the document, material, report, or information.
and Page 53 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN c.
and c.
Page 54 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN (h) Use, hire, contract, or employ analytical systems, methods, or software;
(h) Use, hire, contract, or employ analytical systems, methods, or software;
(i) Consider, accept, and rely upon audit reports prepared by an independent certified public accountant or other qualified third-party auditor for any person subject to this subtitle;
Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY (i) Consider, accept, and rely upon audit reports prepared by an independent certified public accountant or other qualified third-party auditor for any person subject to this subtitle;
Page 55 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN (a) "Applicant" includes:
(a) "Applicant" includes:
b.
CHAPTER 126 29 b.
Page 56 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN i.
i.
(7) If any person fails to timely file a request for hearing under subsection (3) of this Page 57 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN section, or a written answer and request for hearing under subsection (4) of this section, the commissioner may, as applicable and subject to KRS Chapter 13B, issue a final order:
(7) If any person fails to timely file a request for hearing under subsection (3) of this section, or a written answer and request for hearing under subsection (4) of this section, the commissioner may, as applicable and subject to KRS Chapter 13B, issue a final order:
or b.
or Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY b.
An approval to engage in virtual currency kiosk business at a Page 58 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN location in this state;
An approval to engage in virtual currency kiosk business at a location in this state;
or Page 59 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN c.
or c.
7.
CHAPTER 126 31 7.
Page 60 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN secs.
secs.
Has applied for, or has permitted the appointment of, a receiver, trustee, or other agent of a court for itself or for a substantial part of Page 61 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN its assets;
Has applied for, or has permitted the appointment of, a receiver, trustee, or other agent of a court for itself or for a substantial part of its assets;
(f) Any of the following are listed on the specially designated nationals and blocked persons list prepared by the United States Department of the Treasury or the United States Department of State under Presidential Executive Order No.
Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY (f) Any of the following are listed on the specially designated nationals and blocked persons list prepared by the United States Department of the Treasury or the United States Department of State under Presidential Executive Order No.
Page 62 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN 4.
4.
(e) Failing, within a reasonable time, to furnish any information or file any notice or report required or otherwise requested by the commissioner under Page 63 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN this subtitle;
(e) Failing, within a reasonable time, to furnish any information or file any notice or report required or otherwise requested by the commissioner under this subtitle;
and (d) If the department does not receive a written acceptance of the conditions specified in a notice issued under paragraph (a) of this subsection to a licensee, agent, or both within thirty (30) days after service of the notice, the commissioner shall serve an administrative complaint on the licensee, agent, or both, as applicable, seeking to take an appropriate adverse action under subsection (1)(a)4.
and (d) If the department does not receive a written acceptance of the conditions specified in a notice issued under paragraph (a) of this subsection to a licensee, agent, or both within thirty (30) days after service of the notice, the commissioner shall serve an administrative complaint on the licensee, agent, CHAPTER 126 33 or both, as applicable, seeking to take an appropriate adverse action under subsection (1)(a)4.
Page 64 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN (a) Denied shall not be eligible to apply for a license, to serve as an agent, or to serve as a person in control of a licensee or agent for one (1) year after the date of denial;
(a) Denied shall not be eligible to apply for a license, to serve as an agent, or to serve as a person in control of a licensee or agent for one (1) year after the date of denial;
(2) Subject to Section 24 of this Act, the commissioner may issue an emergency order against any person, pending further investigation, the entry of a final order, or Page 65 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN other final legal action, if the commissioner has reason to believe or determines one (1) or more of the following:
(2) Subject to Section 24 of this Act, the commissioner may issue an emergency order against any person, pending further investigation, the entry of a final order, or other final legal action, if the commissioner has reason to believe or determines one (1) or more of the following:
or (g) The licensee or agent is insolvent or otherwise satisfies one (1) of the grounds listed in subsection (2)(b) of Section 25 of this Act.
or Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY (g) The licensee or agent is insolvent or otherwise satisfies one (1) of the grounds listed in subsection (2)(b) of Section 25 of this Act.
(a) Pursuant to KRS 13B.125, become effective when served by the Page 66 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN commissioner;
(a) Pursuant to KRS 13B.125, become effective when served by the commissioner;
Page 67 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN (a) Issue an order against any person to:
(a) Issue an order against any person to:
1.
CHAPTER 126 35 1.
A NEW SECTION OF SUBTITLE 13 OF KRS CHAPTER 286 Page 68 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN IS CREATED TO READ AS FOLLOWS:
A NEW SECTION OF SUBTITLE 13 OF KRS CHAPTER 286 IS CREATED TO READ AS FOLLOWS:
(2) The requirements of this section shall apply to all ordinances, resolutions, or Page 69 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN regulations pertaining to financial or lending activities, including any ordinances, resolutions, or regulations that:
(2) The requirements of this section shall apply to all ordinances, resolutions, or regulations pertaining to financial or lending activities, including any ordinances, resolutions, or regulations that:
(a) Convicted of a Class D felony violation of Section 29 of this Act or KRS 17.175, 186.990, 194A.505, 194B.505, 217.181, 217.207, 217.208, 218A.140, 218A.1415, 218A.1416, 218A.1417, 218A.1418, 218A.1423, 218A.1439, 218A.282, 218A.284, 218A.286, 218A.320, 218A.322, 218A.324, 218A.500, 244.165, 286.11-057, 304.47-025, 324.990, 365.241, 434.155, 434.675, 434.850, 434.872, 511.040, 512.020, 514.030, 514.040, 514.050, 514.060, 514.065, 514.070, 514.080, 514.090, 514.100, 514.110, 514.120, 514.140, Page 70 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN 514.150, 514.160, 516.030, 516.060, 516.090, 516.108, 517.120, 518.040, 522.040, 524.100, 525.113, 526.020, 526.030, 528.020, 528.040, 528.050, 530.010, or 530.050;
(a) Convicted of a Class D felony violation of Section 29 of this Act or KRS 17.175, 186.990, 194A.505, 194B.505, 217.181, 217.207, 217.208, 218A.140, 218A.1415, 218A.1416, 218A.1417, 218A.1418, 218A.1423, 218A.1439, 218A.282, 218A.284, 218A.286, 218A.320, 218A.322, 218A.324, 218A.500, 244.165, 286.11-057, 304.47-025, 324.990, 365.241, 434.155, 434.675, 434.850, 434.872, 511.040, 512.020, 514.030, 514.040, 514.050, 514.060, 514.065, 514.070, 514.080, 514.090, 514.100, 514.110, Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY 514.120, 514.140, 514.150, 514.160, 516.030, 516.060, 516.090, 516.108, 517.120, 518.040, 522.040, 524.100, 525.113, 526.020, 526.030, 528.020, 528.040, 528.050, 530.010, or 530.050;
That time period may be extended for good cause, but the hearing on the application to vacate the judgment shall occur no later than one hundred Page 71 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN twenty (120) days following the filing of the application.
That time period may be extended for good cause, but the hearing on the application to vacate the judgment shall occur no later than one hundred twenty (120) days following the filing of the application.
Page 72 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN 1.
1.
A victim of any offense listed in the application shall have an opportunity to be heard at any hearing held under this section.
A victim of any CHAPTER 126 37 offense listed in the application shall have an opportunity to be heard at any hearing held under this section.
(5) The court may order the judgment vacated, and if the judgment is vacated the court shall dismiss with prejudice any charges which are eligible for expungement under subsection (1) of this section or KRS 431.076 or 431.078, and, upon full payment of the fee in subsection (11) of this section, order expunged all records in the custody Page 73 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN of the court and any records in the custody of any other agency or official, including law enforcement records, if the court finds that:
(5) The court may order the judgment vacated, and if the judgment is vacated the court shall dismiss with prejudice any charges which are eligible for expungement under subsection (1) of this section or KRS 431.076 or 431.078, and, upon full payment of the fee in subsection (11) of this section, order expunged all records in the custody of the court and any records in the custody of any other agency or official, including law enforcement records, if the court finds that:
(8) An order vacating a conviction under this section shall not extend or revive an expired statute of limitations, shall not constitute a finding of legal error regarding Page 74 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN the proceedings leading to or resulting in the conviction, shall not nullify any findings of fact or conclusions of law made by the trial court or any appellate court regarding the conviction, and shall not constitute a finding of innocence regarding the conviction.
(8) An order vacating a conviction under this section shall not extend or revive an expired statute of limitations, shall not constitute a finding of legal error regarding the proceedings leading to or resulting in the conviction, shall not nullify any findings of fact or conclusions of law made by the trial court or any appellate court regarding the conviction, and shall not constitute a finding of innocence regarding the conviction.
(c) The revenues and interest from the expungement fee shall be deposited in the expungement fund created in KRS 431.0795.
Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY (c) The revenues and interest from the expungement fee shall be deposited in the expungement fund created in KRS 431.0795.
Page 75 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN SECTION 32.
SECTION 32.
Page 76 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN 1.
1.
(3) A violation of this section shall be deemed unlawful as provided in Section 32 of this Act.
CHAPTER 126 39 (3) A violation of this section shall be deemed unlawful as provided in Section 32 of this Act.
(b) This section shall not be construed to limit or restrict the powers, duties, remedies, or penalties available to the Attorney General, the Page 77 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed UNOFFICIAL COPY 26 RS SB 189/EN Commonwealth, or any other person under any other statutory or common law.
(b) This section shall not be construed to limit or restrict the powers, duties, remedies, or penalties available to the Attorney General, the Commonwealth, or any other person under any other statutory or common law.
Page 78 of 78 SB018920.100 - 1829 - XXXX 4/1/2026 6:02 PM Engrossed
Signed by Governor April 13, 2026.
Legislative Research Commission PDF Version
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Action History

  1. signed by Governor (Acts Ch. 126)

  2. delivered to Governor

  3. enrolled, signed by Speaker of the House

  4. enrolled, signed by President of the Senate

  5. passed 38-0

  6. Senate concurred in Committee Substitute (1), Floor Amendment (2) and Committee Amendment (1-title)

  7. posted for passage for concurrence in House Floor Amendment (2), Committee Substitute (1) and Committee Amendment (1-title)

  8. to Rules (S)

  9. received in Senate

  10. 3rd reading, passed 81-7 with Committee Substitute (1), Floor Amendment (2) and Committee Amendment (1-title)

  11. floor amendment (2) adopted

  12. Committee Substitute (1) adopted

  13. floor amendment (3) filed to Committee Substitute

  14. posted for passage in the Regular Orders of the Day for Tuesday, March 31 2026

  15. floor amendment (2) filed to Committee Substitute

  16. 2nd reading, to Rules

  17. floor amendment (1) filed to Committee Substitute

  18. reported favorably, 1st reading, to Calendar with Committee Substitute (1) and Committee Amendment (1-title)

  19. to Banking & Insurance (H)

  20. to Committee on Committees (H)

  21. received in House

  22. passed 37-0 with Committee Substitute (1) and Floor Amendment (2)

  23. floor amendment (1) withdrawn

  24. 3rd reading

  25. passed over and retained in the Orders of the Day

  26. posted for passage in the Regular Orders of the Day for Friday, February 27 2026

  27. floor amendment (2) filed to Committee Substitute

  28. 2nd reading, to Rules

  29. floor amendment (1) filed to Committee Substitute

  30. reported favorably, 1st reading, to Calendar with Committee Substitute (1)

  31. to Banking & Insurance (S)

  32. to Committee on Committees (S)

  33. introduced in Senate

Sponsors

Sponsorship breakdown

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2 sponsors · 0 co-sponsors · 136 not signed on · 10 voted No

Sponsors (2)

Co-sponsors (0)

None.

Not signed on (136)

136 members have not signed on to this bill.

Show all 136 →

"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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Adopt

Passed 81 Yea · 3 Nay · 16 Other
Party YeaNayPresentNot Voting
Democrat 12305
Republican 680011
Unaffiliated 1000
Total 813016
% of votes cast 81%3%0%16%
How each member voted (100)
Member Party Vote
Lewis C — Yea
Adam Moore Democrat Yea
Adrielle Camuel Democrat Yea
Al Gentry Democrat Yea
Anne Gay Donworth Democrat Yea
Ashley Tackett Laferty Democrat Nay
Beverly Chester-Burton Democrat Not Voting
Chad Aull Democrat Yea
Daniel Grossberg Democrat Yea
Erika Hancock Democrat Yea
George Brown Jr. Democrat Nay
Joshua Watkins Democrat Yea
Lindsey Burke Democrat Yea
Lisa Willner Democrat Not Voting
Mary Lou Marzian Democrat Yea
Matthew Lehman Democrat Nay
Nima Kulkarni Democrat Yea
Pamela Stevenson Democrat Not Voting
Rachel Roarx Democrat Not Voting
Sarah Stalker Democrat Not Voting
Tina Bojanowski Democrat Yea
Aaron Thompson Republican Yea
Adam Bowling Republican Yea
Amy Neighbors Republican Yea
Bill Wesley Republican Yea
Bobby McCool Republican Not Voting
Candy Massaroni Republican Yea
Chris Freeland Republican Yea
Chris Fugate Republican Yea
DJ Johnson Republican Yea
Daniel Elliott Republican Not Voting
Daniel Fister Republican Yea
David Hale Republican Yea
David Meade Republican Yea
David W. Osborne Republican Yea
Deanna Gordon Republican Yea
Derek Lewis Republican Yea
Emily Callaway Republican Yea
Felicia Rabourn Republican Yea
J.T. Payne Republican Yea
James Tipton Republican Yea
Jared Bauman Republican Yea
Jason Nemes Republican Yea
Jason Petrie Republican Yea
Jennifer Decker Republican Yea
Jim Gooch Jr. Republican Yea
John Blanton Republican Yea
John Hodgson Republican Yea
Josh Branscum Republican Yea
Josh Bray Republican Yea
Josh Calloway Republican Yea
Ken Fleming Republican Yea
Ken Upchurch Republican Yea
Kevin Jackson Republican Yea
Kim Banta Republican Yea
Kim Holloway Republican Not Voting
Kim King Republican Yea
Kimberly Poore Moser Republican Yea
Marianne Proctor Republican Yea
Mark Hart Republican Yea
Mary Beth Imes Republican Yea
Matt Lockett Republican Yea
Matthew Koch Republican Not Voting
Michael Meredith Republican Yea
Michael Sarge Pollock Republican Yea
Mike Clines Republican Yea
Mitch Whitaker Republican Yea
Myron Dossett Republican Yea
Nancy Tate Republican Not Voting
Nick Wilson Republican Yea
Patrick Flannery Republican Yea
Peyton Griffee Republican Not Voting
Randy Bridges Republican Yea
Rebecca Raymer Republican Yea
Richard White Republican Not Voting
Robert Duvall Republican Yea
Ryan Bivens Republican Yea
Ryan Dotson Republican Yea
Samara Heavrin Republican Yea
Savannah Maddox Republican Yea
Scott Lewis Republican Not Voting
Scott Sharp Republican Yea
Shane Baker Republican Yea
Shawn McPherson Republican Yea
Stephanie Dietz Republican Yea
Steve Bratcher Republican Yea
Steve Riley Republican Yea
Steven Doan Republican Yea
Steven Rudy Republican Yea
Susan Witten Republican Yea
Suzanne Miles Republican Yea
T.J. Roberts Republican Yea
Thomas Huff Republican Yea
Timmy Truett Republican Yea
Tom Smith Republican Not Voting
Tony Hampton Republican Yea
Vanessa Grossl Republican Yea
Wade Williams Republican Yea
Walker Thomas Republican Not Voting
William Lawrence Republican Not Voting

Official roll call →

Pass

Passed 81 Yea · 7 Nay · 12 Other
Party YeaNayPresentNot Voting
Democrat 16004
Republican 64708
Unaffiliated 1000
Total 817012
% of votes cast 81%7%0%12%
How each member voted (100)
Member Party Vote
Lewis C — Yea
Adam Moore Democrat Yea
Adrielle Camuel Democrat Yea
Al Gentry Democrat Yea
Anne Gay Donworth Democrat Yea
Ashley Tackett Laferty Democrat Not Voting
Beverly Chester-Burton Democrat Not Voting
Chad Aull Democrat Yea
Daniel Grossberg Democrat Yea
Erika Hancock Democrat Yea
George Brown Jr. Democrat Yea
Joshua Watkins Democrat Yea
Lindsey Burke Democrat Yea
Lisa Willner Democrat Yea
Mary Lou Marzian Democrat Yea
Matthew Lehman Democrat Yea
Nima Kulkarni Democrat Yea
Pamela Stevenson Democrat Not Voting
Rachel Roarx Democrat Yea
Sarah Stalker Democrat Not Voting
Tina Bojanowski Democrat Yea
Aaron Thompson Republican Yea
Adam Bowling Republican Yea
Amy Neighbors Republican Yea
Bill Wesley Republican Yea
Bobby McCool Republican Not Voting
Candy Massaroni Republican Nay
Chris Freeland Republican Yea
Chris Fugate Republican Yea
DJ Johnson Republican Yea
Daniel Elliott Republican Not Voting
Daniel Fister Republican Yea
David Hale Republican Yea
David Meade Republican Yea
David W. Osborne Republican Yea
Deanna Gordon Republican Yea
Derek Lewis Republican Yea
Emily Callaway Republican Yea
Felicia Rabourn Republican Nay
J.T. Payne Republican Yea
James Tipton Republican Yea
Jared Bauman Republican Yea
Jason Nemes Republican Yea
Jason Petrie Republican Yea
Jennifer Decker Republican Yea
Jim Gooch Jr. Republican Yea
John Blanton Republican Yea
John Hodgson Republican Yea
Josh Branscum Republican Yea
Josh Bray Republican Not Voting
Josh Calloway Republican Nay
Ken Fleming Republican Yea
Ken Upchurch Republican Yea
Kevin Jackson Republican Yea
Kim Banta Republican Yea
Kim Holloway Republican Nay
Kim King Republican Yea
Kimberly Poore Moser Republican Yea
Marianne Proctor Republican Yea
Mark Hart Republican Yea
Mary Beth Imes Republican Yea
Matt Lockett Republican Yea
Matthew Koch Republican Not Voting
Michael Meredith Republican Not Voting
Michael Sarge Pollock Republican Yea
Mike Clines Republican Yea
Mitch Whitaker Republican Yea
Myron Dossett Republican Yea
Nancy Tate Republican Not Voting
Nick Wilson Republican Yea
Patrick Flannery Republican Yea
Peyton Griffee Republican Not Voting
Randy Bridges Republican Yea
Rebecca Raymer Republican Yea
Richard White Republican Yea
Robert Duvall Republican Yea
Ryan Bivens Republican Yea
Ryan Dotson Republican Yea
Samara Heavrin Republican Yea
Savannah Maddox Republican Nay
Scott Lewis Republican Yea
Scott Sharp Republican Yea
Shane Baker Republican Yea
Shawn McPherson Republican Yea
Stephanie Dietz Republican Yea
Steve Bratcher Republican Yea
Steve Riley Republican Yea
Steven Doan Republican Nay
Steven Rudy Republican Yea
Susan Witten Republican Yea
Suzanne Miles Republican Yea
T.J. Roberts Republican Nay
Thomas Huff Republican Yea
Timmy Truett Republican Yea
Tom Smith Republican Yea
Tony Hampton Republican Yea
Vanessa Grossl Republican Yea
Wade Williams Republican Yea
Walker Thomas Republican Yea
William Lawrence Republican Not Voting

Official roll call →

FINAL PASSAGE OF SB 189 w/ HCS 1, HFA 2, HCA 1 (T)

Passed 38 Yea · 0 Nay
Party YeaNayPresentNot Voting
Democrat 5000
Republican 33000
Total 38000
% of votes cast 100%0%0%0%
How each member voted (38)
Member Party Vote
Cassie Chambers Armstrong Democrat Yea
Gary Clemons Democrat Yea
Gerald A. Neal Democrat Yea
Karen Berg Democrat Yea
Keturah J. Herron Democrat Yea
Aaron Reed Republican Yea
Amanda Mays Bledsoe Republican Yea
Brandon J. Storm Republican Yea
Christian McDaniel Republican Yea
Craig Richardson Republican Yea
Danny Carroll Republican Yea
David P. Givens Republican Yea
Donald Douglas Republican Yea
Gary Boswell Republican Yea
Greg Elkins Republican Yea
Jared Carpenter Republican Yea
Jason Howell Republican Yea
Jason Nemes Republican Yea
Jimmy Higdon Republican Yea
Julie Raque Adams Republican Yea
Lindsey Tichenor Republican Yea
Matt Nunn Republican Yea
Matthew Deneen Republican Yea
Max Wise Republican Yea
Michael Meredith Republican Yea
Nick Wilson Republican Yea
Phillip Wheeler Republican Yea
Rick Girdler Republican Yea
Robby Mills Republican Yea
Robert Stivers Republican Yea
Robin L. Webb Republican Yea
Scott Madon Republican Yea
Shelley Funke Frommeyer Republican Yea
Stephen West Republican Yea
Steve Rawlings Republican Yea
Tom Smith Republican Yea
Wade Williams Republican Yea
Walker Thomas Republican Yea

Official roll call →

PASS SB 189 w/ SCS 1, SFA 2

Passed 37 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Democrat 5000
Republican 32001
Total 37001
% of votes cast 97%0%0%3%
How each member voted (38)
Member Party Vote
Cassie Chambers Armstrong Democrat Yea
Gary Clemons Democrat Yea
Gerald A. Neal Democrat Yea
Karen Berg Democrat Yea
Keturah J. Herron Democrat Yea
Aaron Reed Republican Yea
Amanda Mays Bledsoe Republican Yea
Brandon J. Storm Republican Yea
Christian McDaniel Republican Yea
Craig Richardson Republican Yea
Danny Carroll Republican Yea
David P. Givens Republican Yea
Donald Douglas Republican Yea
Gary Boswell Republican Yea
Greg Elkins Republican Yea
Jared Carpenter Republican Not Voting
Jason Howell Republican Yea
Jason Nemes Republican Yea
Jimmy Higdon Republican Yea
Julie Raque Adams Republican Yea
Lindsey Tichenor Republican Yea
Matt Nunn Republican Yea
Matthew Deneen Republican Yea
Max Wise Republican Yea
Michael Meredith Republican Yea
Nick Wilson Republican Yea
Phillip Wheeler Republican Yea
Rick Girdler Republican Yea
Robby Mills Republican Yea
Robert Stivers Republican Yea
Robin L. Webb Republican Yea
Scott Madon Republican Yea
Shelley Funke Frommeyer Republican Yea
Stephen West Republican Yea
Steve Rawlings Republican Yea
Tom Smith Republican Yea
Wade Williams Republican Yea
Walker Thomas Republican Yea

Official roll call →

Subjects

finance technology
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Frequently asked questions

What does SB 189 do?
Establish Subtitle 13 of KRS Chapter 286 and create new sections thereof to regulate virtual currency kiosks; establish definitions; provide for enforcement by the commissioner of the Department of Financial Institutions; establish license requirements for virtual currency kiosks; require regulatory filings to be submitted to a nationwide licensing system registry; establish initial and renewal application processes and requirements, reporting, surety bond and tangible net worth, and change of control requirements for virtual currency kiosk operators; require the commissioner to promulgate administrative regulations to establish format, document submission, fee, and trade practice requirements for virtual currency kiosk operators; establish record retention requirements for persons required to be licensed as virtual currency kiosk operators; establish trade practice requirements relating to protection of resident assets, virtual currency kiosk transactions, prohibited practices, and fraud and information security compliance procedures; authorize the commissioner to conduct investigations and examinations; provide for the confidentiality of certain documents provided to the commissioner; authorize the commissioner to share, disclose, and report information and take other actions to assist in the commissioner's duties; require the commissioner to submit an annual licensing report to the Legislative Research Commission; establish due process requirements for adverse actions taken by the commissioner against licensees and other persons; establish requirements for the denial, suspension, or revocation of a license; authorize the commissioner to enter cease and desist orders and emergency orders; authorize the commissioner to order civil penalties against persons that violate the subtitle; require the commissioner of the Department of Financial Institutions to promulgate any required emergency and ordinary administrative regulations on or before January 1, 2027; EFFECTIVE, in part, March 31, 2027.
Who sponsors SB 189?
SB 189 is sponsored by Robby Mills (Republican) and Steve Rawlings (Republican).
What is the current status of SB 189?
This bill has been enacted into law. Introduced February 12, 2026. Enacted.
Where can I track SB 189?
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