Transcript Highlights:

• , um, are commonly known as crypto kiosks, um, saying that we, uh, were not allowing a moratorium on
• them, saying we were not allowing more crypto kiosks in the state of Vermont.
• essentially the first three instances of amendment, um, implement that, uh, permanent ban on crypto kiosk
• essentially the first three instances of amendment, um, implement that, uh, permanent ban on crypto kiosk
• There are two crypto kiosks in Vermont right now.

Transcript Highlights:

• As a reminder, anyone present invited to testify before the committee will need to register at the kiosk
• I can't speak to cryptocurrency. Our membership does not include cryptocurrency. Mr.
• And I think you'll see far less cryptocurrency mining.
• William O: You're seeing a trend of former cryptocurrency miners are becoming AI data centers.
• That was cryptocurrency miners. You remember that phase.

Committee: House State Affairs

Transcript Highlights:

• Madam Chair, and I just wanted to thank Senator Martin for including language related to the cryptocurrency
• kiosk regulation in the amendment that he had filed.
• clears up some outstanding public records language related to a bill that I'm running on the cryptocurrency
• kiosks regulation.

Summary: The committee first confirmed six appointees on a single roll-call vote, then took up a series of bills, many of them on land use, housing, public safety, child welfare, education, and professional licensing. Early debate centered on CS/SB 208, which would require development fees to better reflect review costs and impose objective compatibility findings for residential projects. An amendment folded in additional housing-related provisions, including manufactured housing and a study of urban development boundaries, prompting extended discussion about Miami-Dade’s Everglades protection area and local control. A late-filed rural-boundary amendment was withdrawn. The bill was reported favorably after support from business, housing, and advocacy groups, with some senators voicing district-specific concerns. The committee then approved CS/CS/SB 686 on agricultural enclaves after amendments added conservation easement, wildlife corridor, and critical state concern protections, plus a further Everglades-related amendment. Members discussed balancing smart growth, infrastructure costs, and protecting environmentally sensitive areas. Other land-use and growth bills also advanced, including CS/SB 1434 on infill redevelopment, CS/SB 1138 on qualified contractor pre-application review, and SB 218 limiting the reach of prior hurricane recovery zoning protections in counties not affected by the 2024 storms. SB 1474 on biosolids management was amended to reduce the distance threshold for land application restrictions and delay the effective date, and SB 1708 on veterinary licensure by endorsement removed a three-year recent-practice requirement to address shortages. Several public safety, health, and family-related measures also passed. CS/CS/SB 436 expanded felony battery enhancement to include resisting an officer with violence and certain law-enforcement battery offenses. SB 830 extended public-records protections to county and city administrators and related family information. CS/CS/CS/SB 600 revised bail bond rules, and an amendment preserved the current treatment of charitable bail funds and nonprofits; the committee heard testimony from The Bail Project and others on both sides. CS/SB 914 expanded dry-needling supervision options for occupational therapists, CS/SB 1092 clarified podiatric use of certain cellular/tissue products, and SB 1504 and SB 1718 updated insurance licensing and educator certification pathways. On the education side, CS/CS/SB 7038 made broad postsecondary changes, including tuition waivers, residency clarification, and licensure rules, while CS/SB 186 required seizure-response training and action plans in schools. The committee also advanced multiple child welfare and health bills. CS/CS/CS/SB 560 streamlined psychotropic medication procedures for children in state custody and added youth-voice and insurance-review provisions. CS/CS/CS/SB 902 combined several Department of Health changes, including medical marijuana distance rules, autism microcredential eligibility, a neurofibromatosis grant program, and NICU nutrition information. SB 1002 expanded child welfare definitions to address parental drug abuse and neglect, and SB 1708 eased endorsement licensure for out-of-state veterinarians. Most bills were reported favorably on roll-call votes, with several amendments adopted along the way and limited opposition or abstentions noted on some measures.

Transcript Highlights:

• Madam Chair, and I just wanted to thank Senator Martin for including language related to the cryptocurrency
• kiosk regulation in the amendment that he had filed.
• clears up some outstanding public records language related to a bill that I'm running on the cryptocurrency
• kiosks regulation.

Committee: Senate Rules

Summary: The committee first confirmed six appointees in a single vote, then took up a series of bills, most of them reported favorably. The early debate centered on SB 208, a land-use bill by Sen. McLean that would require development fees to reflect review costs and create more objective compatibility standards for residential development denials. An amendment adding housing-related provisions, including an OPAGA study of urban development boundaries, drew extended discussion over the Everglades and local control; it was adopted, while a late-filed amendment on rural boundaries was withdrawn. The bill was then reported favorably after supporters and opponents, including Miami-Dade and housing groups, weighed in. The committee also favorably reported SB 686 on agricultural enclaves after amendments adding conservation, wildlife corridor, and Everglades-related protections, with one amendment specifically preserving stronger protections in counties covered by the Northern Everglades/Indian River Lagoon plan. Several criminal justice and public records measures also advanced. SB 436 would add resisting an officer with violence as a qualifying prior offense for battery enhancement and include certain felony battery offenses in prison release reoffender status. SB 830 would extend public-records protections to county and city administrators and related family information. SB 990 would authorize protected cell captive insurers in Florida. SB 600, on bail bonds, drew the most debate: an amendment by Sen. Rouson preserved the current treatment of charitable bail organizations’ deposits, with supporters arguing nonprofits help low-income defendants and critics saying the bill should distinguish commercial and nonprofit bonding; the amendment was adopted and the bill reported favorably. SB 914 on dry needling and SB 1434 on infill redevelopment also passed, the latter with an amendment removing a 10% markup requirement for buyback provisions. The committee then moved through a large education and health agenda. SB 1504 would let high school students who complete an insurance/personal finance elective qualify later for a customer service representative license. SB 1718 would expand educator preparation and temporary certification options. SB 7038 was a broad education package covering tuition waivers for Florida State Guard members, residency rules, consumer protections, dual enrollment, grading, and college funding; amendments clarified workforce licensure and exempted certain dental training from new licensure rules. SB 1092 on podiatric medicine added definitions and restrictions for cellular/tissue-based products. SB 1138 on qualified contractors created a pre-application review program for certain local governments, with historic-preservation carveouts. SB 186 on student health and safety required seizure-training and action plans in schools, and SB 560 on child welfare streamlined psychotropic-medication procedures for children in state care while adding youth advisory meetings and insurance-data review. SB 902, a broad Department of Health bill, addressed medical marijuana facility setbacks, practitioner discipline, autism microcredentials, marriage and family therapy licensure, a neurofibromatosis grant program, and family home health aide delegation; it passed after two amendments. Finally, SB 218 on land-use regulations limited hurricane-recovery restrictions to affected counties, SB 1002 expanded child-neglect definitions tied to parental drug abuse, SB 1474 tightened biosolids land-application rules, SB 1708 eased out-of-state veterinary licensure by endorsement, and SB 314 established a Florida regulatory framework for payment stablecoins aligned with federal law. Most measures were reported favorably by committee vote after brief testimony or no debate.

Transcript Highlights:

• testimony or register a position on a bill from today's posting, please register at the electronic kiosk
• Senate Bill 1705 regulates virtual currency kiosks, commonly known as cryptocurrency ATMs, to combat
• Senate Bill 1705 reflects a strong step forward toward responsible oversight of virtual currency kiosks

Bills: HB 11 , HB14 , HB132 , HB1584 , HB1606 , HB5061 , HB 1041 , HB2286 , HB132

Committee: Senate Business & Commerce

Summary: The committee first took up pending business and quickly reported several measures favorably, including HB 12, SB 1361, SB 1705, SB 1749, SB 1897, SB 2344, SB 2566, HB 3809, and HB 4215, with most sent to the Local and Uncontested Calendar. HB 12’s substitute clarified a limited midterm review of regulatory agencies tied to Sunset Commission recommendations. SB 2696’s substitute changed med spa regulation from a license to a certificate, with training instead of an exam, plus background checks, continuing education, and two-year renewals. HB 3809 dealt with battery energy storage decommissioning and recycling, and HB 4215 was reported without a substitute. SB 1978, concerning interconnection of electric facilities in ERCOT and federal jurisdiction concerns, was reported out on a 5-3 vote after debate, but then the chair later announced the bill was withdrawn and left pending subject to the call of the chair. HB 1899 was also reported favorably, with one nay. A major portion of the meeting focused on HB 14, the advanced nuclear energy bill. Senator Schwertner described it as creating a Texas Advanced Nuclear Energy Office, a nuclear permitting coordinator, a development fund, a completion grant program, and a workforce development program. Testimony was sharply divided. Supporters, including representatives from Fermi America, Dow/X-energy, CPS Energy, Paragon Energy Solutions, Bridge to Nuclear, Aalo Atomics, and the Texas Association of Business, argued that Texas should lead in advanced nuclear, citing future baseload demand, data centers, industrial power needs, supply-chain development, and long-term energy diversification. Opponents, including Public Citizen, Texas Nuclear Watchdogs, Sierra Club, and individual citizens, argued the bill would subsidize unproven, expensive technology, create grants rather than loans, and expose taxpayers to major risk while doing little to meet near-term energy needs. Several members questioned whether the state should fund projects that may not produce grid power for years, and whether the bill’s grant structure and new office were justified. The committee also heard HB 5061, which Senator Schwertner said would prohibit unethical surveillance and misuse of confidential information by state contractors, create a confidential reporting system through the State Auditor’s Office, authorize Texas Rangers investigations, protect whistleblowers, and impose penalties including contract termination, fines, and contracting bans. No public testimony was offered, and the bill was left pending. HB 132, sponsored by Senator Hughes, would extend confidentiality protections for sensitive information to hostile acts by foreign adversaries; it was also left pending after no testimony. HB 1584 was then laid out, with Senator Schwertner explaining it would require utilities to maintain and update priority restoration lists for critical facilities after Hurricane Beryl exposed communication failures, but the transcript cuts off before any action on that bill.

Transcript Highlights:

• As a reminder, anyone present invited to testify before the committee will need to register at the kiosk
• I can't speak to cryptocurrency. Our membership does not include cryptocurrency.
• And I think you'll see far less Unidentified Speaker: cryptocurrency mining in Texas, because any site
• Unidentified Speaker: You're seeing a trend of cryptocurrency miners becoming AI data centers and you've
• That was cryptocurrency miners. You remember that phase?

Committee: House State Affairs

Summary: The Committee on State Affairs convened to discuss data centers and their impact on Texas's energy infrastructure. The meeting featured testimony from key representatives of the Public Utility Commission (PUC) and ERCOT, who outlined the evolving landscape of energy generation and the challenges posed by the rapid growth of data centers. Notably, ERCOT reported over 450,000 MW of generation resources planned for connection, with a significant portion attributed to data centers, which now represent around 87% of new large load interconnection requests. The committee explored proposed changes to the interconnection process, including a new 'batch study' approach aimed at streamlining the approval of multiple projects simultaneously. This change is intended to address the challenges of managing numerous simultaneous requests and to provide more certainty for developers regarding their energy needs. Testimonies emphasized the importance of ensuring that the costs of infrastructure upgrades are borne by the data centers rather than residential ratepayers, with discussions around the financial commitments required from developers. Several data center developers also provided testimony, highlighting the economic benefits of their projects, including job creation and increased local revenues. They expressed concerns about the potential for a moratorium on future growth due to the new interconnection rules and emphasized the need for a collaborative approach to address water usage and environmental impacts. The committee plans to continue discussions on these topics in future hearings, with a focus on balancing economic growth with energy reliability and resource management.

Transcript Highlights:

• Madam Chair, and I just wanted to thank Senator Martin for including language related to the cryptocurrency
• kiosk regulation in the amendment that he had filed.
• clears up some outstanding public records language related to a bill that I'm running on the cryptocurrency
• kiosks regulation.

Committee: Senate Rules

Transcript Highlights:

• industry, not the kiosk guys, are a little bit tired of having their name attached to a thing with so
• so, I think we need to separate in our minds the crypto industry from just the operation of these kiosks
• Well, this is focused on a new customer that's not familiar with the kiosks, and it gives them a window
• and the average is a little over kiosks and the average is a little over a<00:49:24.240><c> thousand
• , and then we will try from these kiosks, and then we will try to<01:03:06.680><c> document</c><01:03

Committee: House Commerce and Consumer Affairs

Transcript Highlights:

• that we're speaking about now consists of six bills, focused generally on two subject areas: cryptocurrency
• kiosks, or what you've referred to as crypto ATMs, and the regulations associated with that, with financial

Summary: The Senate resumed debate on An Act Fostering Agricultural Resilience in Massachusetts and considered a series of amendments focused on farm economics, land preservation, energy, labor, and agricultural education. Senator Tarr’s Amendment 5, allowing local-option tax exemptions for newly constructed farm buildings for up to five years, was adopted by a roll call vote of 38-0. Several other Tarr amendments were debated but not adopted, including proposals on APR criteria and climate resilience, a one-stop permit and grant portal, a foreign-ownership farmland registry, horse-riding instructor licensing, expanding farm-based renewable energy, a farm stand waiver process, non-agricultural conversion notice requirements, and a health and wellness amendment. Senator Mark’s Amendment 20, creating a Massachusetts Food Tourism Task Force to support marketing and procurement of agricultural goods, was adopted. Senator Gomez’s Amendment 41 on farmworker fairness and wage protections was withdrawn after discussion, with Senators Eldridge and Comerford speaking in support of continued work on the issue. Senator Fattman’s Amendment 34, directing a study of agricultural schools and regional workforce needs, was adopted by roll call vote 37-0. The chamber also took up several procedural matters and extension orders. The Senate adopted a Ways and Means amendment and then ordered the agricultural bill to a third reading before passing it to be engrossed by a roll call vote of 39-0. Separately, the Senate adopted extension orders for the Committee on Revenue and the Committee on Financial Services, with Senators Eldridge and Feeney explaining the need for additional time on revenue and financial services bills; Senator Tarr raised concerns about the scope and duration of some of the extensions. The Senate also approved an extension for a financial technology services bill. In addition to legislative action, the Senate observed a moment of silence in memory of Mark K. Harris after a motion by Senators Collins and Miranda, and recognized guests for Youth Mentoring Day and the Mass Mentoring Program. The chamber also passed a memorial overpass designation for U.S. Marine Staff Sergeant Raymond G. Torville and a local alcohol-license bill for the town of Topsfield. The session concluded with an order to adjourn until the next day at 11 a.m., with the adjournment also dedicated to the memory of Mark K. Harris.

Transcript Highlights:

• that we're speaking about now consists of six bills, focused generally on two subject areas: cryptocurrency
• kiosks, or what you've referred to as crypto ATMs, and the regulations associated with that, with financial

Summary: The Senate resumed consideration of An Act Fostering Agricultural Resilience in Massachusetts and took up a series of amendments focused on farm taxation, land preservation, permitting, renewable energy, marketing, and labor standards. Amendment 5, offered by Senator Tarr, would allow local option tax exemptions for newly constructed farm buildings for up to five years; it was supported by Senator Comerford and adopted by a roll call vote of 38-0. Amendment 20, offered by Senator Mark, created a Massachusetts Food Tourism Task Force to improve marketing and promotion of agricultural goods, and it was also adopted. Several other Tarr amendments were debated but rejected, including proposals on APR criteria, a one-stop permitting and grants portal, foreign ownership tracking in the farmland registry, horse-riding instruction licensure, higher solar/agrovoltaics caps on farmland, farm stand waiver flexibility, notice before conversion of registered farmland, and a health and wellness amendment. A major point of debate was Amendment 41, offered by Senator Gomez, which sought to extend wage and hour protections to agricultural laborers, including raising the subminimum wage, adding overtime, paid breaks, and paid time off. Senator Gomez described the measure as a correction to racist historical exclusions, and Senator Eldridge and Senator Comerford spoke in support of stronger worker protections and continued negotiations. The sponsor ultimately withdrew the amendment, saying talks with stakeholders and Senate leadership would continue. The chamber also heard a brief recognition for youth mentoring guests and later adopted a study amendment from Senator Fattman directing an assessment of the need for a Central Massachusetts agricultural school; that amendment passed 37-0. After the agricultural bill was amended by the Senate Ways and Means amendment and ordered to a third reading, the Senate passed the bill, An Act Fostering Agricultural Resilience in Massachusetts (S. 3029), to be engrossed by a vote of 39-0. The Senate then adopted several committee extension orders, including extensions for the Revenue Committee and the Financial Services Committee, with some discussion about the number and scope of bills covered. The chamber also passed a local bill designating the U.S. Marine Staff Sergeant Raymond G. Torville Veterans Memorial Overpass in Sandwich and another local alcohol licensing bill for Topsfield. The session ended with recognitions for community and youth groups, a motion to adjourn in memory of Mark K. Harris, and adjournment to the following day at 11 a.m.

Transcript Highlights:

• that we're speaking about now consists of six bills, focused generally on two subject areas: cryptocurrency
• kiosks, or what you've referred to as crypto ATMs, and the regulations associated with that, with financial

Transcript Highlights:

• If you're intending to testify, if you haven't filled out an electronic affirmation out in the kiosk
• Can you register with me or does he need to go to the kiosk?
• Doug O'Connell: I did register at the kiosk. Chairman: It's not showing you.
• ensure prosecutors can go after theft involving intangible personal property like digital funds or cryptocurrency
• intangible personal property such as funds from financial institutions and virtual assets like cryptocurrency

Bills: HB285 , HB795 , HB1795 , HB1871 , HB2407 , HB2461 , HB2695 , HB3507 , HB4911 , HB200

Committee: House Criminal Jurisprudence

Keywords: animal cruelty, nonlivestock, prosecution, veterinary defense, animal welfare, aggravated assault, penal code, public servant, deadly weapon, mass shooting, Penal Code, penalties, felony, Texas Penal Code, felony enhancement, first-degree felony, second-degree felony, violent crime, assault punishment, serious bodily injury

Bills: HB2979 , HB3790 , HB3142 , HB3463 , HB4143 , HJR1086 , SB392 , HB3087 , HB3037 , HB3581 , HB4058 , HB2959 , HB4227 , HB2997 , HB4125 , HB1453 , HB3521 , HB3691 , HB2015 , HB2940 , HB1016 , HB3267 , HB3695 , HB3697 , HB3045 , HB3662 , HB3453 , HB3053 , HB3301 , HB3495 , HB3584 , HB3586 , HB3587 , HB3845 , HB4198 , HB4425 , HB2970 , HB3338 , HB3443 , HB3783 , HB3800 , HB3818 , HB1242 , HB1752 , HB2961 , HB2967 , HB2973 , HB2988 , HB3031 , HB3240 , HB3047 , HB3052 , HB3066 , HB3086 , HB3175 , HB3177 , HB3178 , HB3429 , HB3548 , HB3638 , HB3404 , HB3704 , HB1590 , HB3759 , HB3831 , HB3904 , HB4092 , HB1979 , HB1983 , HB1250 , HB2952 , HB3671 , HB3920 , HB4118 , HB3944 , HB3969 , HB3973 , HB3975 , HB3976 , HB3978 , HB3983 , HB3984 , HB3942 , HB4203 , HB2588 , HB3024 , HB3383 , HB3279 , HB3919 , HB3883 , HB4193 , HB3431 , HB3435 , HB4352 , HB4484 , HB1245 , HB3172 , HB3306 , HB4294 , HB3880 , HB2929 , HB3128 , HB2956 , HB3015 , HB3114 , HB3567 , HB3749 , HB4229 , HB4237 , HB4253 , HJR1046 , HJR1084 , HB3411

Keywords: HB2979, Talyn Bain Act, school zone, school safety, speed limit, 45 mph, state highway, Department of Transportation, ODOT, flashing beacons, traffic enforcement, speeding violation, public school, private school, K-12, drop-off, pick-up, highway safety, municipal maintenance, county commissioners

Transcript Highlights:

• testimony or register a position on the bill from today's posting, please register at the electronic kiosk
• then the additional growth that we're seeing comes from data centers, which are the gray bar, cryptocurrency

Bills: SB438 , SB512 , SB647 , SB648 , SB1495 , SB2121 , SB2145 , SB2154 , SB2167 , SB2184 , SB2211 , SB2268 , SB2349 , SB2443 , SB2629 , SB2702 , SB2902

Committee: Senate Business & Commerce

Summary: The Senate Committee on Business and Commerce met with a quorum and took up several pending bills, voting favorably on SB 1612, SB 2717, SB 1468, SB 1642, and SB 1789. SB 1612 was reported favorably with objections to the local and contested calendar, while SB 2717, SB 1468, SB 1642, and SB 1789 were reported favorably, with SB 1642 and SB 1789 sent to the floor. SB 2717 would create the Texas Energy Efficiency Council; SB 1642 would add an executive director to the Texas Department of Insurance structure; and SB 1789 would establish pole standards and clarify PUC authority and remedies. The committee also heard an ERCOT update from CEO Pablo Vegas on the updated long-term load forecast, which showed a much higher unadjusted growth projection driven largely by data centers. ERCOT described an adjusted forecast using historical delays and lower realized build rates, and members discussed reliability, generation timelines, and the importance of SB 6 for demand response and flexibility. The committee then heard and left pending SB 2629, which would allow condominium and property owners’ association meetings and voting by electronic means; SB 2702, which would let nationally certified professionals test backflow prevention assemblies without a separate TCEQ license; SB 2167, which would let TDLR pause new license applications tied to human trafficking emergency orders or pending SOAH cases; SB 2349, which would exempt short-term leases and certain leasebacks from flood disclosure requirements; SB 2121, which would tighten the data broker registry law; and SB 2443, which would authorize TDLR electronic delivery of notices and other documents. Testimony generally supported these bills as cleanup, modernization, or workforce-streamlining measures, with some members expressing caution about electronic meetings and emphasizing in-person accountability. The committee also heard SB 2902 on coerced debt and identity theft, with testimony from a law professor and family violence advocates supporting stronger protections for survivors and suggesting a police report as an additional proof option. SB 512, a refiled bill restricting money transmission license holders from fining users for terms-of-service violations, also received supportive testimony and was left pending. Later, the committee heard SB 2145 on allowing certain TIF boards to meet virtually in narrow circumstances, SB 2268 on extending Texas Energy Fund loan deadlines in some cases, SB 1495 creating an EV supply equipment advisory board, SB 2154 regulating delivery network companies under a statewide framework, SB 2184 lowering the age for pyrotechnic operator and fireworks display permits from 21 to 18, SB 2211 on combining data centers, power generation, and produced-water desalination projects, and SB 647 on title theft protections and clerk authority to refuse fraudulent filings. Most of these bills were left pending after brief testimony and questions, with members focusing on reliability, regulation, and safeguards against fraud.

Transcript Highlights:

• You may these virtual currency kiosks.
• </c><00:57:47.839><c> where</c> some guidelines for these kiosks where some guidelines for these kiosks
• </c> that these uh kiosks can charge people. that these uh kiosks can charge people.
• But you can go to this kiosk, machine.
• </c><01:00:36.319><c> in</c> limiting the use of cryptocurrency in limiting the use of cryptocurrency

Transcript Highlights:

• </c> &gt;&gt; virtual currency kiosks. &gt;&gt; virtual currency kiosks.
• <00:16:26.079><c> kiosks.
• kiosks.
• A lot of people cryptocurrency kiosks.
• Members, you are voting on House Bill 75, virtual currency kiosk.

Transcript Highlights:

• A cryptocurrency has always been what I call a non-money.
• We've seen some tremendous growth out of these cryptocurrency coins.
• And that's what I think some of the other cryptocurrency coins represent.
• Could you just go through the cryptocurrency, and what do you—you're modifying what?
• Cryptocurrencies and particularly Bitcoin are no longer fringe assets.

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:

• The other thing it does allow is that cryptocurrency such as Bitcoin would be able to be accepted by
• All right, so we've been saying a lot of this about cryptocurrencies and we see, I don't know, every
• So there's a little bit of concern about whether or not the cryptocurrencies can survive.
• , a future treasurer, and it says it can be converted to other cryptocurrencies.
• Is there some sort of, I don't know, check on that system to make sure, say it's a new cryptocurrency

Committees: House Commerce , House Commerce, Consumer Protection, Energy and the Environment

Transcript Highlights:

• For example, there is a digital asset or a cryptocurrency called Solana.
• Back in 2017, Bitcoin was known as kind of the Wild West, and so was the cryptocurrency field.
• And if this is done correctly, I think adding cryptocurrencies in general into investment portfolios
• Cryptocurrency is relatively in its infancy. This is a space that's going to be expanding.
• You yourself said that we are already investing in cryptocurrencies through our hedge funds...

Summary: The Insurance and Banking Committee met with a quorum and heard three bills. HB 487 would authorize the CFO and State Board of Administration to invest up to 10% of certain state funds in Bitcoin, require specified custody methods, allow Bitcoin lending under rule, and create a process for accepting taxes and fees in Bitcoin. The sponsor and several proponents argued it would diversify state investments, hedge inflation, and position Florida as a leader in digital assets. Members raised concerns about volatility, security, valuation, and whether Bitcoin was being singled out over other cryptocurrencies, but the bill was reported favorably after debate and a roll call vote. The committee then considered HB 7011, an Open Government Sunset Review measure for records of insolvent insurers. The bill would continue some exemptions but make additional records public, including underwriting files, risk-solvency assessments, corporate governance annual disclosures, and the names, benefits, and compensation of insurance executive officers. There was no public testimony, and members discussed privacy and safety concerns, but the bill passed and was reported favorably. Finally, the committee heard HB 1433 on hurricane mitigation grants and insurer regulation. The bill would tighten restrictions on former executives of failed insurers, raise capital requirements for new insurers, and require mitigation credits when homeowners receive Safe Florida Home funds. An amendment was adopted to require a licensed person to make final claim-denial decisions when AI or automation is used and to prioritize filings that lower rates. Consumer advocates supported the transparency and consumer protections, while industry representatives urged caution on the AI provisions. After debate, the amended bill was reported favorably. The meeting ended with closing remarks from the ranking member, vice chair, and chair reflecting on the committee’s work and likely final meeting of the term.

Transcript Highlights:

• It specifically targets crypto kiosks, which allow the purchase of cryptocurrency with cash, which has
• It specifically targets crypto<03:16:00.960><c> kiosks</c><03:16:01.520><c> which</c><03:16:01.760><c
• crypto kiosks which allow the purchase of<03:16:02.640><c> cryptocurrency</c><03:16:03.760><c> with<
• /c><03:16:04.160><c> cash,</c><03:16:05.120><c> which</c><03:16:05.439><c> has</c> of cryptocurrency
• are being used as the vehicle for kiosks are being used as the vehicle for scammers<03:16:43.840><c>