Transcript Highlights:

• Uh, put transaction limits on, you know, daily transactions, maybe for nonboarded customers and then
• a cash transaction, debit card transaction,<00:17:19.760> all<00:17:19.919> wallet<00:
• 17:20.400> addresses<00:17:20.799> that transaction, all wallet addresses that transaction
• That was multiple transactions.
• <00:32:23.440> But transactions on our cell phones. But transactions on our cell phones.

Bills: HB0075, HB0128

Keywords: virtual currency, kiosk, financial institutions, regulation, Wyoming Money Transmitters Act, penalties, severance tax, oil production, tax exemption, energy sector, economic impact, 916, all

Transcript Highlights:

• And security.
• For a debit card transaction?
• And the transaction fee...
• data, all of our transaction records.
• was a concern about this transaction?

Bills: SB 28, SB 687, SJR 34, SCR 9, SB 523, SB 62, SB 847, SB 706, SB 869, SB 890, SB 992

Keywords: lottery, gambling, internet gaming, mobile application, criminal offenses, SB 687, land surveyor, land surveying, surveying services, construction contract, anti-indemnity, indemnity, hold harmless, defense obligation, standard of care, professional negligence, civil practice and remedies code, local government code, governmental agency, public contracts

Summary: The meeting was a crucial session for discussing several important bills including SB992, which aims to establish a clear time frame for the Attorney General's approval on outside legal counsel for state agencies. Senator Nichols presented the bill, emphasizing its necessity for timely responses to ensure efficient legal processing. Another notable discussion centered around SB523, which seeks to allow parole and probation officers to use a business address on their driver's licenses for safety and security purposes. This bill passed favorably out of the committee, with public testimony supporting the need for such provisions due to the risks these officers face.

Transcript Highlights:

• So, all the transactions on a Bitcoin network are auditable.
• And to bundle the transactions. Every 10 minutes, those transactions are bundled into a block.
• The miner that solves the puzzle adds those transactions to all historical transactions before it.
• Every transaction is verified and locked.
• So, there were a lot of security concerns initially.

Transcript Highlights:

• I have had to straighten up transactions for people who thought wholesalers was realtors because they
• > who<00:06:05.600> thought transactions for people who thought transactions for people
• <00:06:11.600> and and they go through a transaction and and they go through a transaction
• of some of those transactions.
• We regulate folks those transactions.

Bills: HB586

Keywords: 923, senate, all

Transcript Highlights:

• <03:11:10.640> This security. That's plain and simple. This security.
• assessment of the security situation. assessment of the security situation.
• jeopardize homeland security. jeopardize homeland security.
• national security. national security.
• Fact is that border is not secure. Fact is that border is not secure.

Keywords: U.S. House of Representatives Floor Proceedings on Thursday, June 26, 2025, 1012, house, all

Transcript Highlights:

• So, it adds convenience, security, safety. It adds convenience, security, safety.
• 20:56.960> safety, it adds convenience, security, safety, it adds convenience, security, safety
• steps forward to better secure steps forward to better secure our<00:27:11.240> industry<
• are all online or virtual transactions are all online or virtual transactions that<00:38:00.720>
• uh transaction between two individuals. uh transaction between two individuals.

Bills: HF3919, HF1335, HF3864, HF3916, HF3728

Keywords: veterans benefits, Secret War, Laos veterans, eligibility process, burial fees, veteran designation, electronic license, driver's license, digital credential, transportation, data privacy, authentication, license plates, vehicle registration, validation stickers, Minnesota statutes, transportation policy, aeronautics, transponder, aircraft safety

Transcript Highlights:

• transactions or an occupation tax on a registered securities market operator.
• These are generally referred to as financial transaction taxes.
• H.J.R. 4 would ban the legislature from ever taxing securities transactions or market operators, ever
• Because actual working Texans aren't making $10 million transactions.
• This amendment would sunset the ban on occupation and transaction taxes related to security markets as

Bills: HJR4, HJR6, HB195, HB 13, HB143, HB135

Keywords: occupation tax, securities, financial regulation, tax exemption, legislative amendment, capital gains tax, realized gains, unrealized gains, investment income, asset sale, capital assets, wealth tax, estate tax, trust tax, tax limitation, constitutional amendment, Texas Constitution, Article VIII, property tax, sales tax

Transcript Highlights:

• A shooting victim is suing one of the security companies from the 2023 State Fair.
• that pose national security risks.
• We can negotiate mitigation agreements to reduce national security threats.
• risks and non-notified transactions.
• national security concerns. to investigate non-notified transactions on its own initiative if it becomes

Bills: SB1065, SB2117, SB2217, SB2363, SB2533, SB2742, SB2743, SB2881, SB2964, SB3013, SB3014

Keywords: SB 1065, handgun carry, license holder, concealed carry, open carry, government contracts, governmental entity, property lease, state agencies, local government, higher education, university, Texas Government Code, Penal Code 30.06, Penal Code 30.07, Penal Code 46.03, Second Amendment, gun rights, firearms, civil penalty

Transcript Highlights:

• Chairman, improve the security. And Mr. Chairman, improve the security.
• <00:40:58.440> is period after a transaction is period after a transaction is consummated<
• send their transaction.
• send their transaction.
• to when you start the transaction. to when you start the transaction.

Bills: HB0098, HB0075, HB0041, HB0101

Keywords: gun control, Second Amendment, constitutional rights, misdemeanor, law enforcement, virtual currency, kiosk, financial institutions, regulation, Wyoming Money Transmitters Act, penalties, death benefits, retirement, survivor support, public safety, guardianship, monitoring, ward protection, financial independence, case management

Transcript Highlights:

• Don't use the secure one because that is our webcast.
• Although municipal bonds are considered to be securities, they are exempt from most securities laws that
• We then work with them throughout the transaction.
• So, the different kinds of security pledges, the NMFA has a number—basically every Type of security pledge
• Between the state and the IRS in that transaction.

Transcript Highlights:

• Hampshire Bureau of Securities Hampshire Bureau of Securities Regulation<00:13:57.360> and
• <00:14:55.360> and my focus has mostly been on security and my focus has mostly been on security
• may require AML and securities may require AML and securities regulations<00:31:54.080> depending
• greater security of expecting greater security of authentication<00:45:21.440> of<00:45:21.760
• So these could be securities, assets.

Keywords: 1189, house, all

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.

Transcript Highlights:

• The sole security for the bonds is... The property.
• reports for any transactions. above $10,000.
• That's my date of birth, that's my social security number.
• The average tip is about $1, and about 40% of transactions have that.
• Are most of the transactions completed online? That's a good question.

Bills: HB1453, HB1718, HB2043, HB2207, HB2798

Keywords: local governments, anticipation notes, certificates of obligation, public works, flood control, financial management, local government, municipal financing, private activity bonds, closing definition, real estate finance, bond issuance, government regulation, bond election, general obligation bonds, GO bonds, political subdivision, city bonds, county bonds, school district bonds

Transcript Highlights:

• fee, and that transaction fee can go to the treasurer to actually administer the program.
• And if you want to do transaction with it, you can.
• so certain consumers can transact with gold?
• Some company do these transactions so certain consumers can transact with gold.
• It is, this bill does talk about transactional gold. And this is just what I talked about.

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.

Transcript Highlights:

• The bill would apply to any transaction, transfer, agreement, or arrangement that is designed to work
• The bill would apply to any transaction, transfer, agreement, or arrangement that is designed to work
• Securities, one thing. $3.8 billion for Luke Air Force Base contributes to the state of Arizona. $15.8
• You know, I understand that this bill is being brought with some national security concerns.
• be relevant to the national security concern.

Keywords: 1182, all

Summary: The Federalism Committee met to consider one measure, Senate Bill 1683, an emergency bill expanding Arizona’s restrictions on foreign adversary involvement in real property. The bill would bar foreign adversaries from leasing or otherwise obtaining a substantial interest in Arizona real property, lower the definition of “substantial interest” from 20% to 5% for contingent interests, prohibit foreign adversaries from installing or accessing equipment or data on Arizona property, and make violations a Class 5 felony. It also covers transactions designed to evade the law through intermediaries, shell companies, partnerships, or trusts, and requires certain utilities, telecom providers, critical infrastructure owners, and agencies to notify the Attorney General and Arizona Corporation Commission if they suspect prohibited equipment or lease arrangements. The committee heard supportive testimony from retired Lt. Col. James Rusty Mitchell, who said Arizona has been a national model for protecting military training and argued the bill would strengthen those protections, especially around Luke Air Force Base. Committee members questioned the breadth of the bill, particularly the reduction of the ownership threshold to 5% and the definition of a person acting in support of a designated foreign terrorist organization. Mitchell said he was not the expert on those legal details, while Department of Emergency Affairs legislative liaison Travis Schulte said the definition is tied to federal statute. One member expressed concern that the bill could sweep in non-adversarial transactions and implicate First Amendment activity. After discussion, the vice chair moved SB 1683 for a do pass recommendation. The committee voted 5 ayes and 2 nays to advance the bill, and the meeting adjourned.

Transcript Highlights:

• you go to your favor on the tax and tip portion of a transaction.
• the taxability and the tax nature of the transaction and assign different rates.
• falls squarely within that preempted category, eliminating around 90% of payment transactions.
• And data security... ...in 10 minutes of insanity for all the industries.
• And data security isn't cheap.

Keywords: 995, all

Summary: The committee opened a hearing of the Joint Committee on Consumer Protection and Professional Licensure and reviewed a broad agenda including credit card fees, event ticketing, music therapy licensure, senior psychologist licensure, CPA pathways, school mental health licensure, and a bill regulating alternative healing therapies. The chairs explained hearing logistics, including three-minute testimony limits and submission of written testimony, and noted that more than 70 people had signed up to testify. Legislators and advocates were heard out of order throughout the day. A major portion of the hearing focused on credit card surcharge and interchange legislation. Restaurant owners, the Massachusetts Restaurant Association, NFIB, and other small-business witnesses supported bills allowing merchants to add convenience fees and, in one proposal, preventing card companies from charging fees on tax and tip portions of transactions. They argued that swipe fees are a major and growing cost, especially for restaurants, and that Massachusetts is one of only two states that bars surcharges. Opponents from the Cooperative Credit Union Association, the Electronic Payment Coalition, and the Electronic Transactions Association warned that the proposals would create compliance burdens, fragment the payment system, raise legal preemption issues, and disrupt a system they described as efficient and secure. The committee also heard competing testimony on ticket transferability and ticket resale. Supporters, including the National Consumers League and Sports Fans Coalition, said bills on ticket transferability would protect consumers who cannot attend events and would increase competition and savings in the secondary market. Opponents, including United Musicians and Allied Workers and theater owners, argued that mandatory transferability would weaken artists’ and venues’ ability to prevent scalping and predatory resale, and that some ticket sellers should be exempt from the broader ticketing regulations. Separate testimony supported music therapy licensure, senior psychologist licensure, and new CPA education pathways, with witnesses saying these measures would expand access to care and strengthen the workforce while maintaining professional standards. The hearing also drew extensive opposition to S.261 on alternative healing therapies, with practitioners and clients arguing it would overregulate spiritual and holistic practices and was not an effective response to human trafficking concerns.

Transcript Highlights:

• Or more of the transaction amount.
• or a pin is being used with a transaction.
• You're saying if a transaction is fraudulent, but there was a tax on the transaction, and then if it
• So every transaction has a tax, correct?
• Withdrawal fees because those transactions are...

Keywords: 988, house, all

Transcript Highlights:

• For example, SSA, which is the Social Security Administration, VLS, which is Homeland Security, which
• There's a serious... ...SSA, which is the Social Security Administration, VLS, which is Homeland Security
• We're using some of their security offerings.
• We do take security very seriously.
• We do take security very seriously.

Summary: The subcommittee heard updates on several state technology modernization efforts, beginning with the Florida Division of Emergency Management’s Enterprise Business Solution (DEMS). FDEM said DEMS is about 50% complete, with some grants and finance functions already live, and is intended to replace manual disaster and grants processing with a cloud-based system. Officials described faster reimbursement timelines after recent storms, major return-on-investment claims, and a planned final phase focused on design, testing, communications, data governance, and additional functionality. Members asked about the total cost, the role of Florida Digital Service, deliverables-based contracting, and how much of the system is live; FDEM said the project is expected to cost about $16 million to $16.8 million and finish by June 2027, with some follow-up information to be provided. The Department of Legal Affairs presented its Office of Attorney General Modernization Program, a follow-up to an earlier effort that failed after spending about $26 million. Acting Attorney General John Gard said the department has now moved to an off-the-shelf case management product, LawBase, and is in development and testing, with the Office of Statewide Prosecution already live and full implementation expected by the end of the fiscal year. The request includes funding for staff augmentation, cloud storage, the LawBase license, redundancy through a backup site in Orlando, and OnBase support. Members questioned the prior failure, the use of Florida Digital Service standards, data location and cloud migration, and the redundancy plan; Gard said lessons learned included better scoping and that the current effort is on track. The Department of Highway Safety and Motor Vehicles then updated the committee on Motorist Modernization, including the Orion system and the MyDMV portal. Officials said Phase 1 and Phase 2 have modernized driver license and motor vehicle services, with Phase 2 statewide rollout scheduled to begin in April 2025 and Phase 3 proposed at $16.5 million for dealer services, data warehouse improvements, and call center modernization. Members asked about payment options, organ donor questions, staffing, cybersecurity, cloud strategy, and the digital driver license program. The agency said the portal already allows some sanctions to be cleared online, an ACH option is being developed, the digital driver license vendor has changed with a fall go-live anticipated, and the department is using security testing and a managed security service provider. Officials also said the system is currently on an on-prem private cloud, with future workloads expected to move to public cloud where appropriate. Finally, Florida Commerce presented on the Reemployment Assistance modernization system, Reconnect, and the FLWINS workforce system. Commerce said Reconnect is hosted in the Azure Government Cloud, has reduced claim filing time, improved fraud detection, and increased appeals capacity, and now needs $4.9 million in recurring funding to cover ongoing operations, cloud hosting, licenses, and staff augmentation. Members asked about adjudication issues, wait times, fraud prevention, and whether the system stores caller identifiers; Commerce said the average wait to speak to a representative is about 18 minutes and claims are generally processed in four to six weeks. The committee then began hearing about FLWINS, which is intended to create a “no wrong door” workforce portal under the REACH Act, but the transcript cuts off before that presentation concluded.

Transcript Highlights:

• The sole security for the bonds is the property.
• reports for any transactions above $10,000.
• They will see upfront what the entire transaction is going.
• The average tip is about $1 and about 40% of transactions have that, um.
• Well, we, we asked them once per transaction if they wanted to do it.

Transcript Highlights:

• For the disputed transaction.
• fee on the full amount of the transaction.
• Fees that are charged on these transactions.
• A transaction using technology. Thank you. Mr.
• It's a cost for service that keeps transactions in my store secure.

Bills: HB245, HB245, HB700, HB2783, HB3526, HB3900, HB4061, HB4124, HB4166, HB4395, HB4534, HB4609, HB4641, HB4736, HB4738, HB4739, HB4945, HB5015, HJR175

Keywords: property tax, delinquent taxes, ad valorem, penalties, interest cap, military service, retirement, law enforcement, custodial officer, Employees Retirement System, commercial financing, brokers, registration, disclosures, finance, consumer protection, fees, deferred compensation, automatic participation, county employees

Transcript Highlights:

• a security.
• <00:05:05.320> using hold digital assets and transact using hold digital assets and transact
• At the federal level, the Securities and Exchange Commission was claiming that we were violating securities
• At the federal level, the Securities and Exchange Commission was claiming that we were violating securities
• The Securities and Exchange Commission was claiming that that's a, we were violating securities laws

Keywords: 958, all

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.