KY SB 189

enacted

AN ACT relating to the regulation of digital asset business.

Kentucky · 2026 Regular Session · upper

Description

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.

Introduced: 2026-02-12
Status date: —
Latest action: 2026-04-13 — signed by Governor (Acts Ch. 126)
Bill type: bill
Last updated: —

Subjects

Committees

Not provided by source.

Action timeline

2026-02-12
introduced in Senate
introduction
2026-02-12
to Committee on Committees (S)
referral-committee
2026-02-20
to Banking & Insurance (S)
referral-committee
2026-02-24
reported favorably, 1st reading, to Calendar with Committee Substitute (1)
committee-passage
2026-02-25
floor amendment (1) filed to Committee Substitute
amendment-introduction
2026-02-25
2nd reading, to Rules
reading-2
2026-02-26
floor amendment (2) filed to Committee Substitute
amendment-introduction
2026-02-26
posted for passage in the Regular Orders of the Day for Friday, February 27 2026
2026-02-27
passed over and retained in the Orders of the Day
passage
2026-03-02
3rd reading
reading-3
2026-03-02
floor amendment (1) withdrawn
2026-03-02
passed 37-0 with Committee Substitute (1) and Floor Amendment (2)
passage
2026-03-03
received in House
2026-03-03
to Committee on Committees (H)
referral-committee
2026-03-24
to Banking & Insurance (H)
referral-committee
2026-03-25
reported favorably, 1st reading, to Calendar with Committee Substitute (1) and Committee Amendment (1-title)
committee-passage
2026-03-25
floor amendment (1) filed to Committee Substitute
amendment-introduction
2026-03-26
2nd reading, to Rules
reading-2
2026-03-26
floor amendment (2) filed to Committee Substitute
amendment-introduction
2026-03-27
posted for passage in the Regular Orders of the Day for Tuesday, March 31 2026
2026-03-31
floor amendment (3) filed to Committee Substitute
amendment-introduction
2026-04-01
Committee Substitute (1) adopted
2026-04-01
floor amendment (2) adopted
2026-04-01
3rd reading, passed 81-7 with Committee Substitute (1), Floor Amendment (2) and Committee Amendment (1-title)
passage,reading-3
2026-04-01
received in Senate
2026-04-01
to Rules (S)
referral-committee
2026-04-01
posted for passage for concurrence in House Floor Amendment (2), Committee Substitute (1) and Committee Amendment (1-title)
2026-04-01
Senate concurred in Committee Substitute (1), Floor Amendment (2) and Committee Amendment (1-title)
2026-04-01
passed 38-0
passage
2026-04-01
enrolled, signed by President of the Senate
passage
2026-04-01
enrolled, signed by Speaker of the House
passage
2026-04-01
delivered to Governor
2026-04-13
signed by Governor (Acts Ch. 126)
executive-signature

Versions

IntroducedCompare
Current/FinalCompare
Acts Chapter 126Compare
(document, no version)Compare

Documents

Votes

PASS SB 189 w/ SCS 1, SFA 2
2026-03-02 · pass · 37-0
Member-level votes (38)
- Berg: yes
- Givens: yes
- Neal: yes
- Storm: yes
- Boswell: yes
- Herron: yes
- Nemes: yes
- Thomas: yes
- Carroll: yes
- Higdon: yes
- Nunn: yes
- Tichenor: yes
- ChambersArmstrong: yes
- Howell: yes
- Raque Adams: yes
- Webb: yes
- Clemons: yes
- Madon: yes
- Rawlings: yes
- West: yes
- Deneen: yes
- Mays Bledsoe: yes
- Reed: yes
- Wheeler: yes
- Douglas: yes
- McDaniel: yes
- Richardson: yes
- Williams: yes
- Elkins: yes
- Meredith: yes
- Smith: yes
- Wilson: yes
- Funke Frommeyer: yes
- Mills: yes
- Stivers: yes
- Wise: yes
- Girdler: yes
- Carpenter: not voting
Adopt
2026-04-01 · pass · 81-3
Member-level votes (100)
- Aull: yes
- Decker: yes
- Grossl: yes
- Maddox: yes
- Rabourn: yes
- Baker: yes
- Dietz: yes
- Hale: yes
- Marzian: yes
- Raymer: yes
- Banta: yes
- Doan: yes
- Hampton: yes
- Massaroni: yes
- Riley: yes
- Bauman: yes
- Donworth: yes
- Hancock: yes
- McPherson: yes
- Roberts: yes
- Bivens: yes
- Dossett: yes
- Hart: yes
- Meade: yes
- Rudy: yes
- Blanton: yes
- Dotson: yes
- Heavrin: yes
- Meredith: yes
- Sharp: yes
- Bojanowski: yes
- Duvall: yes
- Hodgson: yes
- Miles: yes
- Thompson: yes
- Bowling: yes
- Fister: yes
- Huff T: yes
- Moore: yes
- Tipton: yes
- Branscum: yes
- Flannery: yes
- Imes: yes
- Moser: yes
- Truett: yes
- Bratcher S.: yes
- Fleming: yes
- Jackson: yes
- Neighbors: yes
- Upchurch: yes
- Bray: yes
- Freeland: yes
- Johnson: yes
- Nemes: yes
- Watkins: yes
- Bridges: yes
- Fugate: yes
- King: yes
- Osborne: yes
- Wesley: yes
- Burke: yes
- Gentry: yes
- Kulkarni: yes
- Payne: yes
- Whitaker: yes
- Callaway: yes
- Gooch: yes
- Lewis C: yes
- Petrie: yes
- Williams: yes
- Calloway: yes
- Gordon: yes
- Lewis D: yes
- Pollock: yes
- Wilson: yes
- Camuel: yes
- Grossberg: yes
- Lockett: yes
- Proctor: yes
- Witten: yes
- Clines: yes
- Brown: no
- Lehman: no
- Tackett Laferty: no
- Chester-Burton: not voting
- Koch: not voting
- McCool: not voting
- Stalker: not voting
- Thomas: not voting
- Elliott: not voting
- Lawrence: not voting
- Roarx: not voting
- Stevenson P: not voting
- White: not voting
- Griffee: not voting
- Lewis S: not voting
- Smith: not voting
- Tate: not voting
- Willner: not voting
- Holloway: not voting
Pass
2026-04-01 · pass · 81-7
Member-level votes (100)
- Aull: yes
- Dietz: yes
- Hampton: yes
- Marzian: yes
- Rudy: yes
- Baker: yes
- Donworth: yes
- Hancock: yes
- McPherson: yes
- Sharp: yes
- Banta: yes
- Dossett: yes
- Hart: yes
- Meade: yes
- Smith: yes
- Bauman: yes
- Dotson: yes
- Heavrin: yes
- Miles: yes
- Thomas: yes
- Bivens: yes
- Duvall: yes
- Hodgson: yes
- Moore: yes
- Thompson: yes
- Blanton: yes
- Fister: yes
- Huff T: yes
- Moser: yes
- Tipton: yes
- Bojanowski: yes
- Flannery: yes
- Imes: yes
- Neighbors: yes
- Truett: yes
- Bowling: yes
- Fleming: yes
- Jackson: yes
- Nemes: yes
- Upchurch: yes
- Branscum: yes
- Freeland: yes
- Johnson: yes
- Osborne: yes
- Watkins: yes
- Bratcher S.: yes
- Fugate: yes
- King: yes
- Payne: yes
- Wesley: yes
- Bridges: yes
- Gentry: yes
- Kulkarni: yes
- Petrie: yes
- Whitaker: yes
- Brown: yes
- Gooch: yes
- Lehman: yes
- Pollock: yes
- White: yes
- Burke: yes
- Gordon: yes
- Lewis C: yes
- Proctor: yes
- Williams: yes
- Callaway: yes
- Grossberg: yes
- Lewis D: yes
- Raymer: yes
- Willner: yes
- Camuel: yes
- Grossl: yes
- Lewis S: yes
- Riley: yes
- Wilson: yes
- Clines: yes
- Hale: yes
- Lockett: yes
- Roarx: yes
- Witten: yes
- Decker: yes
- Calloway: no
- Holloway: no
- Massaroni: no
- Rabourn: no
- Roberts: no
- Doan: no
- Maddox: no
- Bray: not voting
- Griffee: not voting
- McCool: not voting
- Stalker: not voting
- Tackett Laferty: not voting
- Chester-Burton: not voting
- Koch: not voting
- Meredith: not voting
- Stevenson P: not voting
- Tate: not voting
- Elliott: not voting
- Lawrence: not voting
FINAL PASSAGE OF SB 189 w/ HCS 1, HFA 2, HCA 1 (T)
2026-04-01 · pass · 38-0
Member-level votes (38)
- Berg: yes
- Girdler: yes
- Neal: yes
- Storm: yes
- Boswell: yes
- Givens: yes
- Nemes: yes
- Thomas: yes
- Carpenter: yes
- Herron: yes
- Nunn: yes
- Tichenor: yes
- Carroll: yes
- Higdon: yes
- Raque Adams: yes
- Webb: yes
- ChambersArmstrong: yes
- Howell: yes
- Rawlings: yes
- West: yes
- Clemons: yes
- Madon: yes
- Reed: yes
- Wheeler: yes
- Deneen: yes
- Mays Bledsoe: yes
- Richardson: yes
- Williams: yes
- Douglas: yes
- McDaniel: yes
- Smith: yes
- Wilson: yes
- Elkins: yes
- Meredith: yes
- Stivers: yes
- Wise: yes
- Funke Frommeyer: yes
- Mills: yes

Related bills

No related bills recorded for this bill.

Official source

https://apps.legislature.ky.gov/record/26RS/sb189.html

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:22:24.357326Z

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