Video & Transcript Research : 'crypto'
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MN
Transcript Highlights:
- Well, this would nix the fraud going from cash to crypto, and it wouldn't allow fraud from crypto into
- it from a crypto account. it from a crypto account.
- fraud from crypto and it wouldn't allow fraud from crypto into<01:09:17.440>
cash <01:09:18.080 - having funds in the form of crypto. having funds in the form of crypto.
- one was to ban uh crypto ATMs in St. one was to ban uh crypto ATMs in St.
Summary:
The Senate opened with a prayer, pledge, and roll call, confirmed a quorum, and then moved through routine business including first reading and referral of Senate File 5019 to the Health and Human Services Committee, along with referral of Senate resolutions 73 to 75 to Rules and Administration. Senator Westrom’s motion to withdraw Senate File 3893 from Finance, give it a second reading, and place it on general orders was adopted.
The chamber then took up House File 3556, which renames Minnesota’s Community Solar Garden Program as the Melissa Hortman Community Solar Garden Program. Senator Hoffman presented the bill as a tribute to Speaker Melissa Hortman’s role in creating and advancing community solar in Minnesota, with Senator Marty and others supporting the recognition. The bill was read a third time and passed on final passage by a vote of 59-7, with the title agreed to.
Senate File 1251 followed, a bipartisan bill to remove the June 2026 sunset on crossbow use during archery season and make the allowance permanent. Senator Pa and supporters cited a DNR study showing no negative impact on deer or turkey populations and argued the change would improve participation among women, youth, and older hunters. An A3 technical amendment was adopted, and the bill passed 67-0.
The Senate then considered Senate File 3868, a bill to ban cryptocurrency kiosks in Minnesota due to fraud concerns. The author and supporters described widespread scams targeting seniors and others, citing losses in Minnesota and national fraud data. An A2 amendment requiring lawful-presence verification for foreign remittance transfers was ruled not germane, and the chair’s ruling was upheld on a 34-33 appeal. Debate then began on an A3 amendment related to cash transfers through airports, with members arguing over germaneness and the scope of the fraud-prevention bill.
KY
Kentucky 2026 Regular Session
House Standing Committee on Banking and Insurance. (3-4-26)
Banking & Insurance
Transcript Highlights:
- It deals with crypto.
- It deals with crypto.
- It deals with crypto. So the stores. It deals with crypto.
- crypto, there's things called a wallet. crypto, there's things called a wallet.
- We operate in 49 states crypto world.
Keywords:
Meeting Start 00:00
Call to Order and Roll Call 00:29
Discussion SB 153 01:25
Vote SB 153 10:35
Discussion SB 118 11:36
Vote SB 118 12:48
Discussion HB 380 13:40
Vote HB 380 40:12, 958, all
Summary:
The House Standing Committee on Banking and Insurance met with a quorum and took up three bills. Senate Bill 153, sponsored by Sen. Greg Elkins, aimed to combat insurance fraud tied to post-disaster contractor scams. Testimony from the Attorney General’s Office and committee members described problems involving roofing, siding, and debris-removal scams, including vandalism used to create claims and companies that disappear before victims can recover losses. The bill would expand enforcement tools by making certain vandalism-related conduct criminal, giving the Attorney General concurrent jurisdiction with local prosecutors, creating a post-disaster contractor registry, and banning door-to-door solicitation during declared emergencies. The committee approved the bill by roll call and sent it forward with a favorable recommendation.
Senate Bill 118, sponsored by Sen. Brandon Storm, addressed credit property insurance offered by consumer loan companies. The sponsor and a representative of the Kentucky Consumer Finance Association explained that the product has been offered for years and that the bill would provide statutory authority for its continued use. The committee raised no substantive objections, and the bill passed on a roll call vote with a favorable recommendation.
House Bill 380, sponsored by Rep. Tom Smith, focused on regulating cryptocurrency kiosks in convenience stores to curb fraud against seniors. The committee heard emotional testimony from a sheriff and a fraud victim describing scams that led victims to deposit cash into crypto kiosks, often under pressure from callers posing as authorities or relatives. AARP Kentucky supported the bill, citing widespread losses to older adults and the need for guardrails. A committee substitute was adopted that would cap daily transactions at $2,000, require fee disclosure and customer consent, impose licensing and compliance requirements, mandate identification for transactions, and add criminal penalties and Attorney General enforcement. Members discussed the bill’s scope, including that it would not address gift card scams, and noted the delayed effective date was requested so regulators could write rules. The committee adopted the substitute and then passed the bill favorably on roll call.
AR
Transcript Highlights:
- The reality is, we're not being tough on Chinese crypto mines.
- The crypto industry wrote the end, we're back in court again.
- These crypto data centers, they're hiring the top lawyers.
- They wanted it in crypto. This just exposes and makes Thank you. What? They wanted it in crypto.
- Everything is being paid in crypto.
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Thursday, July 17, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- America the crypto capital of the world. America the crypto capital of the world.
- <01:59:56.320>
Uh, pushing crypto legislation. Uh, pushing crypto legislation. - in this emerging crypto economy. in this emerging crypto economy.
- both of the bills as owners of crypto? both of the bills as owners of crypto?
- the crypto industry. the crypto industry.
US
US Federal 2025-2026 Regular Session
Hearings to examine bipartisan legislative frameworks for digital assets. Feb 26th, 2025 at 01:30 pm
Senate Banking, Housing, and Urban Affairs Subcommittee on Digital Assets
Transcript Highlights:
- Bipartisan support for good crypto policy is no longer a distant goal on the horizon.
- It's always the first and most important question when talking about crypto.
- I think we briefly alluded to the ability with crypto assets to freeze and seize.
- I think it's a black eye for crypto. I think it's brazen corruption.
- Real world assets that can be tokenized run on crypto rails.
Keywords:
Digital Assets, Bitcoin, Stablecoins, Legislation, Bipartisan, Consumer Protection, Regulatory Framework, Financial Innovation, Testimony
Summary:
The inaugural meeting of the Digital Assets Subcommittee brought a wave of excitement and anticipation regarding the future of digital assets, including Bitcoin and stablecoins. Chair Lummis expressed gratitude towards Senator Scott for establishing the subcommittee, indicating a commitment to promote responsible innovation while safeguarding consumers. Members discussed the necessity for a bipartisan legislative framework to regulate digital asset markets effectively while outlining the potential benefits such legislation could have on enhancing financial inclusion and streamlining payments. The meeting featured expert testimonies from key figures in the digital asset industry, highlighting the importance of creating clear regulatory guidance for digital assets to foster innovation without compromising consumer protections.
TX
Transcript Highlights:
- How do I know that a crypto kiosk is a crypto kiosk?
- It always says crypto.
- Crypto isn't real. Crypto is whatever the market is willing to pay for it. It's a commodity.
- You have to pick an account to receive the crypto once the cash is converted to crypto.
- We are not anti-crypto. We are, in fact, very much for innovative. We are not anti-crypto.
NH
Transcript Highlights:
- person that isn't there for the crypto person that isn't there for the crypto ATM.
- But with the crypto, if you would have invested in crypto, would not have had any, uh, recourse.
- But with the crypto, if you would have invested in crypto, would not have had any, uh, recourse.
- But with the crypto, if you would have invested in crypto, would not have had any, uh, recourse.
- guardrails around the crypto. Thank you. guardrails around the crypto. Thank you.
MN
Minnesota 2025-2026 Regular Session
Custodial accounts for virtual currency 3/3/26
Minnesota House Floor Meeting
Transcript Highlights:
- through a crypto wallet and the like. through a crypto wallet and the like.
- crypto available to the unbanked, right? crypto available to the unbanked, right?
- And it is my understanding that crypto And it is my understanding that crypto is<00:14:59.440>
- people to interact with the crypto people to interact with the crypto exchange.<00:15:16.560>
- , manage and not be scammed by crypto, manage and not be scammed by crypto, right?
- people to interact with the crypto people to interact with the crypto exchange.<00:15:16.560>
Summary:
The committee heard testimony on House File 3709, which would allow Minnesota banks and credit unions to offer custodial accounts for digital assets such as cryptocurrency. The bill authors said the measure is intended to let local financial institutions provide a regulated “digital safety deposit box” service, keeping innovation and consumer choice under Minnesota oversight rather than pushing customers to out-of-state or offshore providers. The Department of Commerce testified in support, saying it appreciates efforts to incorporate virtual currency into the regulatory framework and that the bill levels the playing field for trusted community institutions.
Members and testifiers discussed whether the bill was really about consumer protection, institutional competitiveness, or both. Supporters from the Minnesota Credit Union Network and St. Cloud Financial Credit Union said the bill helps local institutions remain relevant as customers increasingly ask for crypto services, and one testifier said the credit union had seen significant liquidity leave local communities for exchanges. They also emphasized that the accounts are custodial, not exchange services, and are not NCUA-insured; one witness noted some institutions may obtain private insurance for risks like loss of keys or hacking. A Department of Commerce witness also said the agency is working on separate legislation to address unclaimed virtual currency property.
Several members raised concerns about volatility, scams, and whether the bill simply helps banks stay relevant. In response, supporters argued that local institutions can provide a trusted point of contact and help customers avoid fraud, unlike stand-alone crypto exchanges or kiosks. The committee also discussed fees, with one witness saying the credit union’s expected charge would be percentage-based with a minimum of $5 and a maximum of $25. No vote or final action was taken in the portion provided.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Financial Services Jun 21st, 2026 at 10:30 am
Joint Committee on Financial Services
Transcript Highlights:
- Seventy thousand Americans reported losing $5.6 billion to crypto scams in 2023, only to crypto scams
- Seventy thousand Americans reported losing $5.6 billion to crypto scams in 2023, only to crypto scams
- In some instances on the crypto-scam, the crypto-kiosk scams, you don't even have to set up an account
- Each of these crypto kiosk companies works differently.
- So, that read simply, low fees, more crypto.
Summary:
The committee heard testimony on several financial services bills, with the main focus on cryptocurrency kiosk regulation, financial literacy, and earned wage access. Legislators and witnesses described widespread crypto-related scams targeting older adults, often involving impersonation, urgency, spoofed phone numbers, and rapid transfers through kiosks that are difficult to trace or recover. Supporters of the kiosk bills said Massachusetts needs licensing, registration, transaction limits, warning notices, receipts, refund protections, and other safeguards; some also urged a “pause” or hold on transactions to give victims time to reconsider and allow law enforcement to intervene. The Attorney General’s office, AARP, local law enforcement, and several prosecutors and sheriffs backed the consumer-protection approach, while Bitcoin Depot supported a narrower regulatory framework but opposed low fee caps and strict daily limits, arguing they would function like a ban and reduce legitimate use.
Witnesses from Waltham police, Middlesex and Essex County law enforcement, and the AG’s office said crypto scams are growing quickly, losses are often unrecoverable once funds move, and current tools are limited. They described cases involving elderly victims losing thousands of dollars, and said warnings alone are not enough because scammers keep victims on the phone and guide them through the process. Some witnesses said a temporary hold or refund mechanism has worked in at least one case, while others emphasized that transaction limits and visible disclosures could reduce harm even if they do not stop fraud entirely. The AG’s office also said it would submit written opposition to separate earned wage advance legislation, while DailyPay testified in support of that bill, saying earned wage access helps workers bridge short-term gaps without debt or credit reporting.
The committee also heard support for mandatory financial literacy education from Representative Jim Hawkins, who said high school students need instruction on credit, debt, and inflation before they enter adulthood. In addition, the committee took testimony on litigation financing bills from insurance industry representatives, who argued for disclosure and regulation of predatory litigation lending and warned about foreign interference and reduced plaintiff recoveries. No votes or final actions were taken during the hearing; members asked questions throughout, and the chair noted the need to move testimony along because of time constraints.
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Tuesday, July 15, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- not kept up with these novel crypto not kept up with these novel crypto products<02:43:33.040>
- appropriately account for crypto assets. appropriately account for crypto assets.
- profiting off a crypto asset.
- assets. buy crypto.
- Let's make crypto great again.
HI
Hawaii 2026 Regular Session
CPC Public Hearing - Wed Mar 18, 2026 @ 2:00 PM HST
Consumer Protection & Commerce
Transcript Highlights:
- <00:48:57.240>
at shouldn't be able to buy any crypto at shouldn't be able to buy any crypto - And, you know, the crypto then the money goes into the machine, but the crypto is not sent to the wallet
- purchasing crypto.
- kiosk and then they get their crypto kiosk and then they get their crypto after<00:51:19.600>
- ,<01:41:37.680>
but their whole savings into crypto, but their whole savings into crypto,
Keywords:
insurance, climate change, responsible parties, damages, Hawaii Property Insurance Association, Hurricane Relief Fund, civil action, climate disasters, extreme weather, SB888, Hawaii, consumer protection, smart home security, smart household security device, home security camera, video doorbell, Ring, Nest, connected devices, internet of things
Summary:
The committee heard SB 1166 SD2, a bill on insurance and climate-related damages that would authorize the Hawaii Property Insurance Association and, in amended versions discussed during testimony, other public and private entities to pursue civil actions to recover losses tied to climate disasters and extreme weather. DCCA’s Insurance Division and the Department of the Attorney General raised legal concerns, saying the bill’s scope may not fit the insurance code section being amended, that it could create subject-matter and title issues, and that some subrogation language may be duplicative of existing rate-filing practice. Lawyers for Justice opposed the measure, arguing it conflicts with existing subrogation law and recent Hawaii Supreme Court rulings that treat the judicial lien process as the exclusive remedy. The American Petroleum Institute also opposed, warning the bill would add liability and litigation risk for companies operating under existing permits and could undermine energy reliability and investment.
Supporters said the bill would help shift climate-related insurance costs away from residents and onto fossil fuel companies and other responsible parties. Testimony in support came from the Polluters Pay Hawaii Coalition, Center for Climate Integrity, Hawaii Island Council, Our Hawaii, Sierra Club of Hawaii, and others, who described recent flooding, storm damage, rising premiums, non-renewals, and underinsurance as evidence of a worsening climate-driven insurance crisis. Several supporters urged amendments to give the Attorney General explicit authority to recover insurance-related losses for the Hurricane Relief Fund, HPIA, and private insurers, and to ensure recovered amounts benefit policyholders. Committee members questioned whether HPIA is a private entity, whether the Attorney General could represent it, whether the bill could create double recovery or affect pending climate litigation, and whether insurers would have standing or damages if they are only paying contractual claims.
The committee then took up SB 888 SD2, a consumer protection bill that would restrict smart household security device operators from sharing user data with law enforcement without consent or a judicial order, and would bar conditioning device use on such consent. The Office of Consumer Protection testified in support and said an Illinois law could serve as a useful template for exceptions to the warrant requirement. An individual supporter said the measure would protect immigrant communities, judges, and others from surveillance and misuse of private data. No vote was taken during the portion of the meeting provided, and the chair noted additional written testimony submitted in support of SB 1166.
NH
New Hampshire 2025 Regular Session
Commission to Study Stable Tokens (10/15/2025)
Transcript Highlights:
- Especially from the beginning, with crypto traders going in and out of crypto trades without having to
- Especially from the beginning, with crypto traders going in and out of crypto trades without having to
- <00:37:43.839>
in holds a significant amount of crypto in holds a significant amount of crypto - activities to integrate uh crypto activities to integrate uh crypto activities<00:40:16.880>
- one of the top five global crypto hubs. one of the top five global crypto hubs.
Summary:
The Stable Token Study Commission held its first regular meeting, welcomed all remaining appointed members, and completed brief introductions from legislators and agency designees. The chair outlined the commission’s plan to use the first part of the enabling legislation as a “level-setting” discussion, focusing this meeting on the basics of blockchain, the current landscape for stablecoins and tokenized real-world assets, and leaving blockchain-based trust for a later meeting. No votes were taken.
The main presentation came from Deanna Bario Zales of the Global Blockchain Business Council, who described stablecoins as increasingly converging toward fiat-backed or asset-backed models, with algorithmic designs viewed more cautiously. She said stablecoins are being used for payments, remittances, DeFi activity, cross-border transfers, retail use in high-inflation markets, and treasury functions, while noting risks such as peg instability, reserve transparency, counterparty and network risk, and possible capital flight from weaker banking systems. She cited growth in supply, wallet activity, and transfer volume, and said U.S.-pegged stablecoins dominate the market, with USDT and USDC leading.
Zales also discussed tokenized real-world assets, describing them as digital representations of physical assets that can enable fractional ownership, liquidity, and faster settlement. She said the market is growing quickly, with institutional participation from firms such as BlackRock and Franklin Templeton, and projected continued expansion. She closed with an overview of regulatory developments, emphasizing the new U.S. stablecoin framework under the Genius Act, the proposed Clarity Act, OCC guidance, and similar regimes in the EU, UK, UAE, Singapore, Japan, and elsewhere, all of which she said are shaping compliance requirements and market development.
CA
California 2025-2026 Regular Session
Assembly Floor Session Jun 18th, 2026
California House Floor Meeting
Transcript Highlights:
- Crypto wants to be a commodity like cows or soy or physical products.
- If this bill passes, crypto is able to avoid the security definition.
- Crypto wants to be a commodity like cows or soy or physical products.
- If this bill passes, crypto is able to avoid the security definition. Thank you.
- If this bill passes, crypto is able to avoid the security definition.
KY
Kentucky 2025 Regular Session
House Standing Committee on Banking & Insurance (2-26-25)
Transcript Highlights:
- I think there are crypto activities that we want to clarify are not a security.
- I think there are crypto activities that we want to clarify are not a security.
- I think there are crypto activities that we want to clarify are not a security.
- There are crypto activities that we want to clarify are not a security.
- <00:10:10.720>
the opinion because it's crypto-friendly the opinion because it's crypto-friendly
Summary:
The House Standing Committee on Banking and Insurance met with a quorum and first introduced a guest before taking up House Bill 701, sponsored by Representative Adam Bowling. The committee adopted a committee substitute by voice vote. Bowling explained that the substitute removed the bill’s mining-related language and added clarification that the bill does not require anyone to accept digital assets as payment. The bill was described as a measure to modernize Kentucky’s approach to digital assets and blockchain technology, protect the right to hold and transact in digital assets, and clarify that certain crypto activities are not securities; it also preserves authority for the Attorney General to pursue fraud under existing consumer protection laws.
Members asked questions about why Kentucky should act before federal regulators fully resolve whether digital assets are securities or commodities, whether the bill affected local zoning authority, and how the measure addresses consumer protection and money laundering concerns. Bowling and a Coinbase representative said the bill is intended to provide clarity, align Kentucky with emerging federal developments, and avoid stifling innovation. They noted that Coinbase remains subject to federal AML/KYC rules and that recent federal litigation over staking and securities issues had been dismissed. Several members said they supported the bill as a way to put Kentucky in a leading position, while others expressed uncertainty about the security-versus-commodity question.
The committee then voted on House Bill 701 as amended by the substitute. The bill passed on a roll call vote, with most members voting yes. Representative Camuel passed, saying she wanted more time to understand the issue, and Representative Grossberg voted yes with reservations. Representative Hancock and others said the bill’s regulatory clarity and consumer protection aspects were important, and Representative Lockett said the measure would help Kentucky be ready once federal regulators decide how crypto should be classified.
AR
Transcript Highlights:
- President Biden closed down a crypto mine out in Colorado.
- We have not closed down one crypto mine down here.
- If you look at the crypto industry, which I'm not into crypto, all the illegal currency, sex trafficking
- , drugs, everything else is now related back to crypto.
- All the illegal activity now is found by crypto. You get on the scam sites, it's all crypto.
Summary:
The committee first considered House Resolution 1016, presented by Rep. Marcus Richmond, which sought permission to file a bill aimed at consumer protection in certain housing arrangements where buyers purchase an interest in an entity rather than the property itself. Richmond said the measure was intended to improve transparency, prevent deceptive real estate practices, and ensure disputes would be handled in Arkansas or federal courts rather than private tribunals. Members raised concerns about overlap with existing law, possible effects on homeowners associations, arbitration clauses, hunting clubs, religious organizations, and the bill’s 25-acre exemption. After discussion, the committee voted down the resolution.
House Resolution 1006, by Rep. Bart Schultz, proposed increasing the homestead tax credit by $75, from $600 to $675, using a fund created for property tax relief. Schultz argued the increase was supported by the annual report on the fund and was timely because of higher costs for gas and groceries. Members asked about using special language instead, whether the increase could be made retroactive later, and whether the governor had included it on the call. The committee approved the resolution.
The committee then heard House Resolution 1007, presented by Sen. Brian King and Rep. James Eaton, which would have changed how turnback sales tax revenue is distributed to counties, with the first $150 million of sales tax revenue going into a fund for county infrastructure and each county receiving an equal share. Supporters said it would help counties with roads, jails, water, sewer, and other critical needs, while opponents questioned whether taking revenue off the top would harm other state services and whether the issue was urgent enough for a fiscal session. The resolution failed. House Resolution 1008, by Rep. Jim Wooten and Sen. King, sought changes to the LEARNS Act and school choice funding, including performance-based eligibility and reporting requirements. Wooten argued the program was financially unsustainable and that accountability was needed; members questioned whether the proposal would create a larger emergency and whether it should instead be handled through budget language. The resolution failed after a point of order interrupted the closing remarks.
Finally, House Resolution 1009, presented by Rep. Ron McNair and Sen. King, aimed to restore local control over crypto mines and data centers, citing concerns about water use, electricity demand, Chinese ownership, and litigation tied to prior legislation. Members questioned whether the issue was truly emergent and whether the resolution was the right vehicle. The resolution failed. House Resolution 1015, by Rep. Howard Beatty, proposed amending the prior IDA bill to address concerns raised by constituents, including board accountability and removing eminent domain authority. Supporters said it would improve the bill before next session, but the resolution also failed. The committee then adjourned.
MN
Minnesota 2025-2026 Regular Session
Committee on Commerce and Consumer Protection - 03/10/26
Commerce and Consumer Protection
Transcript Highlights:
- legislature on crypto kiosks. legislature on crypto kiosks.
- <01:04:47.160>
crypto older adult at a crypto crypto older adult at a crypto crypto currency - That's a problem, and that's not $16 billion for crypto or $16 billion for crypto kiosks.
- Crypto is very volatile.
- Crypto is very volatile.
WA
Washington 2025-2026 Regular Session
House Consumer Protection & Business Dec 5th, 2025
Transcript Highlights:
- It leads to a lot of crypto investment losses.
- It leads to a lot of crypto investment losses.
- And frankly, there are plenty of legitimate crypto exchanges out there.
- Also, it's crypto.
- So the focus of today is the crypto kiosks that are in our regulatory purview.
Summary:
The committee began with a work session on the Joint Legislative Audit and Review Committee’s cannabis market study, presented by JLARC staff member Susanna Pratt. The report found Washington’s cannabis production in 2023 was likely two to three times higher than retail sales, with production estimated at 292,000 to 443,000 pounds of THC versus 139,000 pounds sold. Pratt explained that canopy data are inconsistent and that the Liquor and Cannabis Board’s traceability system is incomplete and unreliable, limiting data-driven regulation, tax verification, recall tracking, and diversion enforcement. JLARC recommended that LCB submit a plan by the end of 2025 for obtaining accurate licensee data by the end of 2026; LCB partially concurred and said a 2027 timeline may be more realistic. JLARC also concluded that the social equity producer licenses would likely have only a minimal effect on statewide production capacity, and suggested the legislature consider broader ways to increase equity in the industry. Members asked about the slow issuance of social equity licenses and about comparable traceability systems in other states.
The committee then heard a series of presentations on fraud and scam prevention. Paul Benda of the American Bankers Association described the scale of fraud losses, the role of telecom spoofing, social media scam ads, SIM farms, and crypto ATMs, and argued for a shared-responsibility approach involving banks, telecoms, and platforms. Katie Clark of IQ Credit Union described member-to-member fraud, romance scams, and the operational and financial impacts on credit unions, and recommended better information sharing, safe harbors for returning scam-related funds, and stronger fraud education. Kyle Innes of SIFMA highlighted investor fraud and Washington’s 2009 report-and-hold law, which he said helped shape similar protections in most states, and emphasized the need for better communication among financial firms, APS, and law enforcement.
Brian Gerard and Ali Higgs from the Department of Financial Institutions discussed “pig butchering” and other investment scams, focusing on how scammers build trust through social media, dating apps, fake websites, and crypto schemes before extracting funds. Across the fraud presentations, witnesses repeatedly stressed consumer education, interagency information sharing, and stronger controls on telecom, social media, and crypto ATM activity. Members asked about model laws from other states, the role of financial education in schools, and whether crypto ATMs should be regulated or banned. No votes or formal committee actions were taken during the meeting.
AR
Transcript Highlights:
- President Biden closed down a crypto mine out in Colorado.
- We have not closed down one crypto mine down here.
- It's going to continue to influence stuff if you look at the crypto industry, which I'm not into crypto
- All the illegal activity now is found by crypto. You get on the scam sites, it's all crypto.
- At the time, I would admit I did not want to know what a crypto mine was.
Summary:
The committee first considered House Resolution 1016, which would have allowed introduction of a bill by Representative Richmond addressing disclosure and restrictions for certain real-estate arrangements where buyers purchase interests in entities rather than direct ownership of property. Richmond said the measure was aimed at transparency, consumer protection, and preventing private tribunals or discriminatory practices, while several members questioned whether it would affect homeowners associations, hunting clubs, arbitration clauses, or duplicate existing law. After discussion, the committee voted down the resolution.
House Resolution 1006, sponsored by Representative Schultz, proposed increasing the Homestead Tax Credit by $75, from $600 to $675, using a fund created by Amendment 79 and supported by sales tax revenue. Schultz argued the fund could support the increase now and that families needed relief amid high prices. The committee approved the resolution. The committee then heard House Resolution 1007, presented by Senator King and Representative Eaton, which sought to change how turnback funds are distributed to counties, with a focus on giving counties more predictable annual funding for roads, jails, water, sewer, public safety, and other infrastructure. Members raised concerns about taking $150 million off the top of sales tax revenue and about whether the bill should be handled through budget language instead; the resolution failed.
House Resolution 1008, by Representative Wooten and Senator King, would have amended the LEARNS education program to reduce costs, limit or change eligibility, and add performance-based requirements and reporting for certain school-choice funding. Supporters said the program was financially unsustainable and needed accountability, while opponents argued the proposal would create larger problems and that the issue should be handled in the regular session. The resolution failed after a point of order prevented reading a supporting letter into the record. Finally, House Resolution 1009 and House Resolution 1013, both tied to Senator Bryant’s proposals on local control over crypto mines and data centers, were discussed together with testimony about water use, energy demand, and local opposition; both failed. House Resolution 1015, which would have amended the IDEA economic-development bill to remove eminent domain authority and address board accountability, also failed after members said more concerns remained to be worked out.
MN
Minnesota 2025-2026 Regular Session
Defining “gross annual retail energy sales.” 3/5/26
Minnesota House Floor Meeting
Transcript Highlights:
- So, Glenco is home to one of, if not the first, crypto-based data mining center operations in the state
- of the volume of sales to the crypto operation.
- I know crypto can sometimes be somewhat of a transient operation.
- Uh they have a expanding from crypto.
- <00:20:12.400>
miner customer of the scale of a crypto miner customer of the scale of a crypto
Summary:
House File 3296, as amended, was heard in committee and laid over. The bill would extend an existing exemption in Minnesota’s energy conservation/efficiency program calculations so that certain data centers, like crypto-based data mining operations, would not be counted in a utility’s gross annual retail sales if the new load increases the utility’s base load by 40% or more. Representative Gilman and testifier David Meyer of Glenco Light and Power argued the change is needed because large data loads can make the 1.5% annual savings target effectively unattainable for smaller municipal utilities, and they said the added revenue from the facility has helped lower rates for other customers.
Ken Sulum of the Minnesota Municipal Utilities Association supported the bill, describing it as narrowly drafted to address mid-sized data centers that do not fit other relief provisions but still create local utility problems. Sarah Wolf of Minnesota Interfaith Power and Light opposed the exemption, arguing that energy efficiency remains important amid rising demand and grid stress from data centers, and that large users should continue contributing to efficiency efforts rather than being exempted.
Members raised questions about whether the facility had a long-term contract, whether the customer was helping lower rates, and how much savings were being passed on to ratepayers. Meyer said the customer had a three-year agreement extended another three years, the infrastructure costs were borne by the customer, and the facility’s revenue has allowed Glenco to reduce rates by about half a cent per kilowatt hour through a $40,000 monthly buy-down of its power cost adjustment. Some members expressed concern that data centers should continue to improve efficiency over time, while others noted the bill’s focus on smaller utilities facing disproportionate impacts.
CA
California 2025-2026 Regular Session
Assembly Floor Session Jun 18th, 2026
California House Floor Meeting
Transcript Highlights:
- When banks that they trust offer crypto.
- Crypto wants to be a commodity like cows or soy or physical products.
- But the vast majority of economists see crypto as more like a stock, like a security.
- If this bill passes, crypto is able to avoid the security definition. Thank you.
- If this bill passes, crypto is able to avoid the security definition.
Summary:
The Assembly convened after a quorum call, opened with prayer and the Pledge of Allegiance, approved procedural motions, and recognized several guests and honorees, including CAUSE leadership academy participants, retiring FCMAT CEO Michael Fine, a Capitol intern, environmental leaders celebrating Black Conservation Week, family members of members, and NASA astronaut Captain Victor Glover Jr. The body also took up a number of routine file items and committee referral requests, with several bills referred to committees by unanimous consent and multiple items passed or retained on file.
The main floor debate centered on ACR 214, the Juneteenth resolution. Members from the Black Caucus and other caucuses spoke in support, describing Juneteenth as both a celebration of emancipation and a reminder that freedom and equality remain unfinished work. Speakers emphasized Black history, civil rights, solidarity across communities, and ongoing issues such as education, housing, health, incarceration, and economic inequality. The resolution was adopted by voice vote after 66 coauthors were added.
The Assembly also considered AB 2285 on blockchain staking and crypto regulation. The author argued the bill would provide consumer protections and clear rules for banks, credit unions, and crypto exchanges, while an opponent warned it could weaken securities oversight and consumer safeguards. The bill passed 45-1, and the author requested immediate transmission to the Senate. Later, SB 1036 on mitigation fee credits for redevelopment passed 55-0 after brief support for clarifying fee rules and reducing duplicative costs.
The chamber then adopted the second-day consent calendar, including resolutions for Women’s Equality Day and the International Day of Yoga, along with several Senate bills, all by unanimous or near-unanimous votes. The Assembly announced it would not meet on Friday, June 19, would reconvene Monday, June 22 at 1 p.m., and then adjourned.