Kentucky Senate Bill 189

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Completed Legislative Action
Sponsorship: Partisan Bill (Republican 2)
Status: Passed on April 13 2026 - 100% progression
Action: 2026-04-13 - signed by Governor (Acts Ch. 126)
Text: Latest bill text (Chaptered) [PDF]

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.

AN ACT relating to the regulation of digital asset business.

Sen. Steve Rawlings [R]

Sen. Robert Mills [R]

2026-04-01 - Senate - Senate: Third Reading RSN# 4122 (Y: 38 N: 0 NV: 0 Abs: 0) [PASS]
2026-04-01 - House - House: Veto Override RCS# 419 (Y: 81 N: 7 NV: 0 Abs: 12) [PASS]
2026-04-01 - House - House: Adopt HFA 2 RCS# 418 (Y: 81 N: 3 NV: 0 Abs: 16) [PASS]
2026-03-02 - Senate - Senate: Third Reading RSN# 3869 (Y: 37 N: 0 NV: 0 Abs: 1) [PASS]

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2026-03-02	Senate	floor amendment (1) withdrawn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

Type	Source
Summary	https://apps.legislature.ky.gov/record/26RS/sb189.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/26RS/sb189/orig_bill.pdf
Text	https://apps.legislature.ky.gov/recorddocuments/bill/26RS/sb189/bill.pdf
Text	https://apps.legislature.ky.gov/law/acts/26RS/documents/0126.pdf
Amendment	https://apps.legislature.ky.gov/recorddocuments/bill/26RS/SB189/SCS1.pdf
Amendment	https://apps.legislature.ky.gov/recorddocuments/bill/26RS/SB189/SFA1.pdf
Amendment	https://apps.legislature.ky.gov/recorddocuments/bill/26RS/SB189/SFA2.pdf
Amendment	https://apps.legislature.ky.gov/recorddocuments/bill/26RS/SB189/HCS1.pdf
Supplement	https://apps.legislature.ky.gov/recorddocuments/note/26RS/sb189/HCS1CI.pdf
Supplement	https://apps.legislature.ky.gov/recorddocuments/note/26RS/sb189/HCS1LM.pdf
Amendment	https://apps.legislature.ky.gov/recorddocuments/bill/26RS/SB189/HCA1.pdf
Amendment	https://apps.legislature.ky.gov/recorddocuments/bill/26RS/SB189/HFA1.pdf
Amendment	https://apps.legislature.ky.gov/recorddocuments/bill/26RS/SB189/HFA2.pdf
Amendment	https://apps.legislature.ky.gov/recorddocuments/bill/26RS/SB189/HFA3.pdf
Roll Call	https://apps.legislature.ky.gov/record/26RS/sb189/vote_history.pdf