Transcript Highlights:

• Samuel Arms, Florida Blockchain Business Association, a proponent of the bill wishing to speak.
• I'm president of the Florida Blockchain Business Association.
• Samuel Arms, Florida Blockchain Business Association, the proponent of the bill, wishing to speak.
• We have Sanja Arms, sort of blockchain business association, a proponent of the bill wishing to speak
• I just want to say Bitcoin and the blockchain industry now has been around for almost two decades.

Summary: The Insurance and Banking Subcommittee met to hear and vote on several bills, with all measures reported favorably. The first major item was PCS for HB 175 on payment stablecoins, which would create a Florida regulatory framework aligned with the federal GENIUS Act so issuers can choose state regulation instead of federal licensing. Members asked extensive questions about how stablecoins differ from other digital assets, whether Florida would need federal approval, and what impact the bill would have on the Office of Financial Regulation; the sponsor and OFR said the state framework would mirror federal standards and that any workload increase was currently indeterminate. The PCS passed unanimously after testimony from OFR and the Florida Blockchain Business Association in support. The committee then approved CS for HB 961, which streamlines electronic signature requirements for salvage titles and certificates of destruction, and HB 1415, a DFS stablecoin pilot program allowing certain stablecoins to be used for licensing and regulatory fees. HB 1415 was amended to remove authority for a Florida coin, limit the pilot to established stablecoins with at least $1 billion market cap, and require secure custody through a public depository or custodial bank. Members discussed how any interest or revenue would be used, with sponsors saying the pilot was still exploratory and intended mainly to cover program costs. Both bills passed favorably. HB 1039, establishing a state cryptocurrency reserve, also passed after a strike-all amendment moved administration of the reserve from the CFO’s office to the State Board of Administration and tightened eligibility to cryptocurrencies with a $100 billion market cap over the prior 12 months. Supporters argued the bill would create a framework for future diversification and investment in established digital assets, while several members raised concerns about volatility, reporting frequency, and the meaning of new terms such as qualified liquidity provider and secure custody solution. The committee also passed CS for HB 951 on penny rounding for cash transactions, with an amendment clarifying cash transaction definitions and treating money orders and gift cards like credit-card transactions for rounding purposes.

Transcript Highlights:

• Blockchain, it could be the same for any business, and it would be very limiting to a blockchain operation
• So what's left in the bill is something that says, okay, blockchains are okay, businesses based on blockchains
• <00:52:29.680> are says okay we're we we blockchains are says okay we're we we blockchains
• <00:52:31.760> are okay businesses based on blockchains are okay businesses based on blockchains
• <00:54:21.359> dispute to stress the uh the blockchain dispute to stress the uh the blockchain

Keywords: 1189, house, all

Summary: The committee met in executive session and first discussed scheduling, noting that Town Meeting Day would cancel the next Tuesday meeting, that they would meet Wednesday instead, and that remaining bills would be handled through subcommittees and a likely final executive session on the 19th to meet the deadline for committee action on the 20th. The committee then took up several bills, with repeated roll calls and votes, often placing measures on the consent calendar after committee approval. House Bill 185 on ambulance reimbursement rates was described as a perennial issue and was voted inexpedient to legislate, with members noting concerns that an any-willing-provider approach would make premium impacts hard to evaluate. House Bill 186 on cannabis legalization was retained for further work, with members saying the bill addressed stopping marijuana arrests but that the sales and implementation details still needed more development. House Bill 241 on treatment alternatives to opioids was also retained because the sponsor could not attend and the committee wanted more time to continue work. The committee then considered House Bill 302 on state treasury investments in digital assets and precious metals. The amendment narrowed the proposal, removing more complicated provisions like stable tokens and staking, lowering the authorized allocation from 10% to 5%, and limiting eligible digital assets to those with very high market capitalization; members discussed volatility, the treasurer’s discretion, and oversight through bond-rating concerns. The amendment and the bill as amended both passed, and the bill was placed on the consent calendar. Other measures moved quickly: House Bill 451 on a paint product stewardship program was amended to remove direct funding and framed as manufacturer-run enabling legislation, then passed and was placed on consent; House Bill 499 made technical corrections to insurance laws and passed unanimously; House Bill 538 on relocating Liquor Commission positions passed unanimously; House Bill 552 on children covered under the state retirement insurance plan was cleaned up to remove a student requirement and passed unanimously; and a blockchain/digital currencies bill was amended to address noise and local regulation concerns for data mining operations, with supporters emphasizing energy-use issues, municipal authority, and a separate commission studying regulation. That bill also passed and was sent to consent.

Transcript Highlights:

• Chester for their Deploying American Blockchains Act, which will direct the Commerce Department to support
• and a promotion of Coast Guard officers and 17 bills to improve public safety, promote block... blockchain
• S1437 the Ascend Act, as amended by Hickenlooper Substitute, as modified as 1492 Deploying America Blockchain
• Technology, Blockchains Act of 2025, be favorably reported.

Transcript Highlights:

• We have a lot of difficulties in tracing this blockchain.
• We also ask that a special commission be set up concerning the blockchain technology.
• It is often the blockchain in unaffiliated wallets that nobody knows who owns those wallets.
• NESPIN does the trace analysis because they bought all the systems of the blockchains and things like
• The bill would also require blockchain analytics, written warnings.

Keywords: 995, all

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.

Transcript Highlights:

• Zeringue to create a task force on blockchain and digital innovation. Rep. Deshotel? Thank you, Mr.
• It's just a task force to study blockchain technology in Louisiana. Rep. Thomas for a question.
• Well, I think blockchain technology, where we are today, is very, very important, and I do believe that
• you're going to see blockchain technology shape the future of Louisiana.

Bills: HB410, HR310, HR314, HR316, HR317, HR321, HR275, HR276, HR279, HR282, HR286, HR289, HR292, HR295, HR302, HR319, HR307, HR273, SCR59, SCR61, SCR62, SCR68, SCR69, SCR70, SCR54, SCR55, SCR64, SCR75, HCR32, HB776, HB42, HB119, HB159, HB302, HB1017, HB1028, SB217, SB283, HB953, SB208, HR74, HB998, HB901, HR20, HCR65, HCR71, HCR98, HB284, HB306, HB341, HB366, HB393, HB458, HB577, HB603, HB605, HB614, HB625, HB646, HB733, HB752, HB773, HB798, HB911, HB955, HB996, HB1035, HB1069, HB1113, HB1140, HB1180, HB1191, HB1240, HB1255, SB82, SB89, SB97, SB123, SB237, HB36, HB74, HB75, HB258, HB259, HB414, HB459, HB784, HB848, HB956, HB1095, HB1220, HB1252, SB469, SB479

Keywords: recording, privacy, notification, direct conversation, law enforcement, first responder, penalties, oil and gas, orphan wells, inactive wells, shut-in wells, marginal wells, plugging and abandonment, well decommissioning, site remediation, site restoration, Oilfield Site Restoration, OSR program, financial security, bonding

Summary: The House convened with a quorum, opened with prayer, the pledge, and a national anthem performance, then moved through several personal privileges and recognitions. Members welcomed a student cancer survivor and entrepreneur, Bella of Brave Bella Bead Company, and also recognized a new legislative assistant, a page leaving for college, and a resolution honoring National Mississippi River Day. The chamber also received conference committee reports and enrollment reports, and returned some previously failed measures to the calendar, including H.R. 119 and H.B. 410. The main floor action centered on a series of Senate concurrent resolutions, most of which were adopted overwhelmingly. These included SCR 59 on re-evaluating flood maps and insurance rates tied to the Comite River Diversion Canal, SCR 61 urging higher reimbursement for behavioral health crisis centers, SCR 62 calling for review of school-zone safety and speed limits, SCR 68 creating a blockchain and digital innovation task force, SCR 69 encouraging continued research to reduce sugarcane burning, SCR 70 supporting the Major Richard Star Act for medically retired combat-wounded veterans, SCR 54 supporting the Mississippi River Basin Fishery Commission Act, SCR 55 designating the Peggy Martin Rose as the official state rose, SCR 64 creating a construction manager-at-risk task force, SCR 75 studying a Louisiana maneuvers museum and trail, and SCR 80 creating a task force on the minimum foundation program and long-term teacher pay funding. Most passed with little or no opposition, with SCR 84 on earthquake seismic activity in several parishes amended to adjust task force membership before final adoption. The House also heard a personal privilege statement honoring the late Ponder P.C. Clinton Jr., a noted Black farmer, cattleman, and community leader in Shreveport’s Cedar Grove neighborhood, and expressed condolences to his family. Later, members received a hurricane-season reminder from Rep. Jay Galle about disaster response procedures and the need to work through parish emergency offices. The transcript ends as the House moves into additional concurrent resolutions returned from the Senate with amendments.

Transcript Highlights:

• Technologist at the Federal Trade Commission, where his work focused on the economics of data privacy and blockchain
• I worked on blockchain before coming to this.
• You know, a decade ago, I was positive blockchain was going to be my way to build universal databases
• I'm here a decade later, and I have a lot of expertise in blockchain, node coding, and design.
• And I think that's actually, it was always my blockchain model. It has to be living.

Keywords: artificial intelligence, waste reduction, fraud prevention, government efficiency, improper payments, data reliability, oversight

Summary: The meeting was chaired by Chairman Schweikert and involved a comprehensive discussion on how to utilize artificial intelligence (AI) for reducing waste, fraud, and improper payments within federal programs. Key witnesses, including Mr. Andrew Canarsa from the Council of the Inspectors General, provided insights on the potential of AI in enhancing government efficiency. The committee emphasized the importance of reliable data and thorough examination of AI application to avoid unintended consequences while addressing the estimated $162 billion in improper payments reported by the federal government. Concerns were raised regarding the recent firing of inspectors general and the impacts that could have on oversight and accountability processes.

Transcript Highlights:

• Thank you, Comptroller Hager. ...as well as a representative for invited testimony from the Texas Blockchain
• transforming industries, including aerospace and space exploration, artificial intelligence, and blockchain
• In the blockchain and digital innovation sector, we are investing around decentralized finance and AI-driven
• blockchain applications. and digital identity security.

Bills: SB 21, SB21, SB72, SB140, SB262, SB370, SB372, SB495, SB627, SB703, SB764, SB842

Keywords: emergency alerts, weather alerts, public safety, local government, municipality, county, website posting, online notice, emergency management, disaster preparedness, evacuation, National Weather Service, NOAA, Texas Division of Emergency Management, TDEM, localized alerts, hazard warnings, severe weather, watch warning advisory, public information

Transcript Highlights:

• Floor Leader, if you would mind, what exactly is blockchain? All right.
• Um, so blockchain technology, it's going to be a hard one to explain.
• It's actually not the document that you're safeguarding in the blockchain.
• you're safeguarding in the blockchain. you're safeguarding in the blockchain.
• Uh, just to clarify, so the blockchain is a decentralized digital...

Keywords: Senate streaming session for Tuesday, March 3, 2026, 960, senate, all

Summary: The Senate convened with an invocation, journalized the prayer, and recognized Read Across America Day with a special resolution congratulating the Maryland State Education Association on the program’s 28th anniversary. Senators also welcomed several guests and student groups, including Eleanor Roosevelt High School students, Maryland Federation of Republican Women members for Red Scarf Day, medical shadows from Johns Hopkins, a student page prospect, and a group from Matthew Henson Elementary School. The chamber then took up multiple Finance Committee consent calendars and individual local alcohol-related bills, all of which were reported favorably, adopted without objection, and ordered printed for third reading. Measures included changes to alcohol license fee refunds for uniformed service members, Anne Arundel County license classifications and compensation for liquor board officials, a Baltimore City racetrack license extension, a Cecil County license quota change, and new or expanded licenses for golf courses, sports venues, and barber shop/beauty salon establishments. The Senate also advanced bills on social work licensing, a rural readiness economic development program, a Maryland-Ireland Trade Commission extension, peer-to-peer car sharing insurance rules, telematics-based auto insurance disclosures and appeals, and veteran status notation on public profiles. Several bills were amended before being advanced, generally with technical or clarifying changes and no recorded opposition. Senate Bill 18 would create a provisional social work license; Senate Bill 351 would regulate insurer use of vehicle telematics data; Senate Bill 395 would revise insurance and liability rules for peer-to-peer car sharing; and Senate Bill 197 would alter comprehensive plan elements in land use law. Senate Bill 439, protecting fire and rescue public safety employees from adverse action based on medical cannabis certification, also moved forward without amendment. One measure, Senate Bill 69, which would make permanent the nonprofit navigator position in the Department of Commerce, was discussed at length after a member raised concerns about oversight of nonprofit grant funding. On request, the bill was special ordered to the next day for further consideration. All other bills discussed in the transcript were advanced to third reading by unanimous or near-unanimous voice action, with no recorded roll-call votes.

Transcript Highlights:

• Thank you, Comptroller Hager, as well as a representative for invited testimony from the Texas Blockchain
• transforming the defense industry, aerospace and space exploration, artificial intelligence, and blockchain
• In the blockchain and digital innovation sector, we are investing around decentralized finance, AI-driven
• blockchain applications, and digital identity security.

Bills: SB 21, SB 72, SB 140, SB 262, SB 370, SB 372, SB 495, SB 627, SB 703, SB 764, SB 842

Keywords: cryptocurrency, bitcoin, investment reserve, economic resilience, financial security, vehicle rental, damage waiver, consumer rights, business regulations, refund policy, telephone solicitation, telemarketing, text message marketing, SMS marketing, robotext, spam text, consumer protection, deceptive trade practices, DTPA, Business & Commerce Code

Transcript Highlights:

• We show you registered as Lee Bratcher on behalf of Texas Bit Blockchain. Counsel? That's correct.
• We show you registered as Jesse Goosetree on behalf of Texas Blockchain Council, and you'll be testifying
• I'm the Chief Operating Officer of the Texas Blockchain Council.
• I'm here today at the BIS.org. with my professor and president of the Texas Blockchain Council, Lee Bratcher
• As a person studying blockchain and digital assets, I view this bill as a strategic and forward-thinking

Bills: HB565, HB3743, HB4310, HB5083, HB5129, HB5195, HB5331, HB5469, SB21, HB3185, SB 21

Keywords: constitutional amendment, fiscal impact, state budget, ballot measure, transparency in voting, management-to-staff ratio, state agencies, employee regulations, government efficiency, workforce management, public information, governing board, transparency, confidentiality, access rights, privacy, identifying information, state agency, consent, occupational license

Transcript Highlights:

• Good afternoon, Jamie Minor with the California Blockchain Advocacy Coalition.
• remainder of our amendments are focused on making sure that just because things are built on the blockchain
• So blockchain can be like software, and there's lots of stuff that goes on that has nothing to do with
• Equally passionate about crypto and blockchain and the potential it has when it comes to integration

Keywords: 988, house, all

Transcript Highlights:

• I remind folks once again that cryptocurrencies are based on a blockchain.
• I remind folks once again that cryptocurrencies are based on a blockchain.
• If you have half of the people on the blockchain collude together, they can.
• Senator Epstein: On a blockchain, if you have half of the people on the blockchain collude together,
• The blockchain is open to scrutiny as it goes along.

Keywords: 1182, all

Transcript Highlights:

• I'm bringing to you House Bill 16, which is coming from your select committee on blockchain, financial
• ,<01:08:34.799> uh, is coming from your blockchain, uh, is coming from your blockchain, uh
• ,<01:08:36.719> financial<01:08:37.199> technology,<01:08:38.000> and blockchain
• , financial technology, and blockchain, financial technology, and digital<01:08:38.640> innovation
• Um, that said, you know, our office did speak numerous times during the interim to the joint blockchain

Bills: SF0028, SF0030, SF0031, SF0032

Keywords: voting, elections, electronic voting systems, transparency, public testing, voter registration, qualified elector, residency requirements, voting rights, mortgage modification, priority, electronic signatures, real property, financial covenants, 911 services, emergency response, grant funding, next generation technology, government accountability, public safety

Bills: HCR66, HB387, HB617, HB797, HB950, HB975, HB1186, HB1222, HB1223, HB1228, HB1256

Keywords: economic development, rural communities, infrastructure, workforce training, Louisiana Economic Development, engineering, land surveying, construction, state fire marshal, plan review, hidden fees, junk fees, drip pricing, price transparency, mandatory fees, surcharges, consumer protection, unfair trade practices, advertising disclosures, total price

Summary: The Senate Commerce Committee met on April 20, approved the prior meeting minutes, and then heard a series of bills and resolutions. It first advanced H. CR 66, which directs Louisiana Economic Development, working with the Governor’s Office of Rural Development, to study rural parish economic assets, infrastructure, workforce, and development opportunities. The committee also moved HB 387, a clarification allowing the fire marshal to review architectural and engineering plans equally, and HB 1223, which seeks to promote clinical trials in Louisiana by having LED market the state’s research capacity and by adjusting internal review board procedures. HB 1228, a cleanup bill for hearing aid dealers that updates definitions, contracts, testing periods, licensing, and related requirements, was also reported favorably, as was HB 950, which would create an elderly consumer perception program through the Office of Elderly Affairs to help seniors recognize scams and fraud. The committee spent the most time on HB 617, a broad “hidden fees” consumer transparency bill. The author and supporters said it would require mandatory fees to be included in upfront pricing so consumers can make informed choices, while opponents from grocery, restaurant, hotel, housing, retail, and business groups argued the bill was vague, overly broad, and likely to create compliance burdens and litigation risk. Housing advocates objected to the bill’s housing exemption, warning it could weaken renters’ ability to bring claims over undisclosed fees. After extensive debate over variable pricing, sales taxes, enforcement, and the scope of the bill, Senator Morris moved to defer HB 617, and the committee agreed without objection. The committee also heard HB 797, which would create a “Bayou Gold” certification program for certain gold vendors and transactional gold products. The sponsor said the program would encourage vendors to keep gold insured, segregated, and closer to Louisiana consumers, with the Treasury administering the certification through participant fees. Several senators and an outside witness raised concerns that the state seal could be mistaken for an endorsement, could create liability or consumer confusion, and would favor a narrow set of vendors. Despite opposition, the committee reported HB 797 favorably, with members noting it still had to go to Finance. Later, the committee advanced HB 1186, which would create a more uniform statewide building code and licensing system for inspectors, add disciplinary authority, and impose a small permit fee to support the program, and HB 1222, which would let LED develop a grocery initiative to address food deserts and food insecurity. The meeting concluded with the committee hearing HB 1256 on abandoned digital assets, which would require dormant digital assets to be held in original form for three years so owners can reclaim them.

Bills: HB387, HB673, HB947, HB975, HB1102, HB1228, HB1229, HCR66, SB102, SB165, SB280, SB291, SB326, SB521

Keywords: engineering, land surveying, construction, state fire marshal, plan review, security cameras, abandoned property, blighted structures, property management, digital assets, abandonment, custodian, escheatment, blockchain, cryptocurrency, unclaimed property, state treasurer, Department of Public Service, statutory entities, public administration

Transcript Highlights:

• I can't go into all this uh blockchain I can't go into all this uh blockchain analytics<01:21:10.960
• >> It depends on what blockchain and how much congestion there is on that blockchain. >> It varies.
• >> On some blockchains, it depends.
• So blockchain analytics is...
• internal data and the blockchain internal data and the blockchain analytics<01:43:36.000> companies

Keywords: 928, house, all

Summary: The subcommittee focused primarily on a bill concerning long-term care insurance rate increases and consumer notice. Members and staff discussed replacing or supplementing a proposed public hearing requirement with annual reporting, website updates, and consumer-facing disclosures about approved rate increases, carriers writing the products, and how the products work. Several participants emphasized that long-term care policies are long-term products, that rate increases can be spread over many years for actuarial reasons, and that consumers need better information about trends and the impact of increases. A major point of disagreement was whether the bill should try to cap premium increases. One member argued the real problem is unexpected increases of 15% to 20% and urged a statutory cap to protect consumers. Insurance department representatives and others responded that hard caps had been struck down in prior case law, that the department’s core responsibility is solvency, and that carriers need sufficient premium to pay future claims. They also said the market is struggling because many carriers stopped selling the product, leaving in-force policies to bear the cost, and that overly restrictive caps could cause insurers to withdraw from the state. The discussion then shifted toward a compromise requiring carriers to notify policyholders before a rate increase is approved and allowing a 60-day comment period. Participants debated whether the notice should come from the carrier, how confidentiality rules would apply before approval, and what the department should do with public comments. The department said it already reviews filings carefully and that submitted rates are often adjusted before approval; lawmakers noted that prior commissioners had pushed back on increases in some cases, including a seven-year moratorium. No final vote was taken in the excerpt, and the chair repeatedly tried to move the subcommittee along to other bills.

Transcript Highlights:

• We should be using blockchain analytics.
• And with the blockchain, you can trace every single transaction.
• We have we should be using blockchain We have we should be using blockchain analytics.<00:14:33.519
• <00:15:24.079> every<00:15:24.320> single blockchain, you can trace every single blockchain
• It's a blockchain somewhere hidden in a data center. Like, I just don't get it.

Keywords: 1183, house

Summary: The committee heard House File 3642, as amended by the DE1, which would prohibit virtual currency kiosks in Minnesota. The author, Chair Kaggel, said the bill is intended to stop scammers from using crypto kiosks to defraud vulnerable people, especially older adults, because the transactions are often irreversible and hard to trace. Representative Perryman spoke in support, describing local fraud cases and saying the issue had come to her attention through St. Cloud residents and police. The bill was laid over for further work with the Department of Commerce and other interested members. Testimony from law enforcement and advocates strongly supported the ban. A St. Cloud police sergeant said the problem is statewide and described a case in which a 78-year-old woman lost $80,000 after being directed to a kiosk. A Woodbury detective said current safeguards, including warnings, limits, and refund provisions, have not stopped weekly victimization and that scammers coach victims to bypass protections. An AARP Minnesota volunteer said kiosks are a preferred vehicle for scammers because they move stolen funds quickly and are especially harmful to older adults, and he noted that the 2024 consumer protections have not been enough. The Department of Commerce also supported the bill, saying crypto kiosks are a growing fraud vector and citing 120 complaints over three years, nearly $1 million in reported losses, and 70 cases with $540,000 in losses already in 2025. The department said many victims do not report losses, so the true amount is likely higher. In contrast, Coinflip’s general counsel opposed a ban and argued that fraud should be addressed through stronger regulation, refunds, blockchain analytics, and customer-service requirements rather than prohibiting a legal product. He said scams would continue through other channels if kiosks were banned. In discussion, members asked about the number of kiosks, how long they have been operating in Minnesota, and the scale of losses; the department said there are about 350 licensed kiosks operated by 8 to 10 operators, though the total number may be higher.

Transcript Highlights:

• I'm a fan of blockchain technology and crypto.
• rid the world of criminals using. ...blockchain for illicit activity.
• Our ability to oversee that blockchain and rip through it with AI tools will eliminate it.
• So we only know that illicit activity is done on the blockchain because it's done on the blockchain,
• Our technology on their blockchain will end it, and that's what we should require.

Transcript Highlights:

• Jamie Miner, on behalf of the California Blockchain Advocacy Coalition, we have a supportive amended
• Digital asset exchanges list coins for sale in a global market, and while blockchain transactions are
• Digital asset exchanges list coins for sale in a global market, and while blockchain transactions are
• Similarly, you have a support if amended on behalf of the California Blockchain Advocacy Coalition.
• Similarly, [support if amended] on behalf of the California Blockchain Advocacy Coalition.

Keywords: 988, house, all

Transcript Highlights:

• Jamie Miner with the California Blockchain Advocacy Coalition.
• remainder of our amendments are focused on is making sure that just because things are built on the blockchain
• So blockchain can be like software, and there's lots of stuff that goes on that has nothing to do with
• We are equally passionate about crypto and blockchain, and the potential it has when it comes to integration

Summary: The Assembly Banking and Finance Committee met to hear several bills focused on consumer and small business financial protections. SB 97, by Senator Grayson, would update and clarify California’s digital financial assets law; supporters from the blockchain industry and consumer groups said it would improve compliance clarity while preserving room to align with possible federal action. The committee passed SB 97 on a due-pass motion to the Privacy and Consumer Protection Committee, with the roll left open for absent members. The committee also heard SB 362, which would strengthen disclosure rules for small business financing by requiring clearer pricing information throughout the marketing process. Supporters said the bill would help small businesses compare offers and avoid harmful financing, while some industry groups objected to the bill’s treatment of communications and APR disclosures during negotiations. After discussion, the committee passed SB 362 to the Judiciary Committee, with several members voting aye and the roll left open. SB 784, a bill addressing predatory home-improvement and solar financing practices, drew extensive testimony. The author and supporters described scams targeting seniors, low-income homeowners, and non-English speakers, and said the bill would add safeguards such as confirmation calls, document access, fee transparency, and longer cancellation periods. Solar industry groups moved to neutral after amendments, while banks and other lenders raised concerns about overbreadth and impacts on legitimate lending. The committee passed SB 784 to Judiciary, with some members not voting or changing votes during the roll call. Finally, SB 825 sought to give the Department of Financial Protection and Innovation clearer authority to enforce existing consumer financial protection laws against its licensees, especially in light of reduced federal CFPB enforcement. Supporters argued California needs independent state enforcement tools, while banking and mortgage groups opposed the bill as duplicative and unnecessary, urging coordination with federal regulators and proposing narrower amendments. The committee passed SB 825 to Appropriations on a due-pass vote, and then adjourned after completing the agenda.