Kentucky legislation · 2026 Regular Session
Kentucky HB823: AN ACT relating to digital asset wallets.
Status: In committee, March 10, 2026
Create a new section of KRS 369.130 to 369.139 to define "wallet provider"; require wallet providers to provide live customer service during operating hours and to provide a mechanism for, and assistance with, resetting any password, pin, seed phrase, or other similar information necessary to access the contents of a wallet; provide that a violation of the section is an unfair, false, misleading, or deceptive trade practices in violation of KRS 367.170; provide that the remedies and penalties are cumulative; authorize the Attorney General to promulgate administrative regulations for the proper enforcement of the section.
What the bill says
An act relating to digital asset wallets.
From the introduced text:
AN ACT relating to digital asset wallets. Be it enacted by the General Assembly of the Commonwealth of Kentucky: SECTION 1. A NEW SECTION OF KRS 369.130 TO 369.139 IS CREATED TO READ AS FOLLOWS: (1) As used in this section, "wallet provider" or "provider" means a person that offers or provides a wallet. (2) A wallet provider: (a) Shall: 1. Provide live customer service via a toll-free telephone number during operating hours, which shall not be less than the hours between 8:00 a.m. and 10:00 p.m. local time within the Commonwealth; and 2. Provide a mechanism for, and assist any person who owns a wallet that was provided by the provider with, resetting any password, pin, seed phrase, or other similar information that is necessary to access the contents the self-hosted wallet; and (b) May require any person requesting assistance under paragraph (a)2. of this subsection to verify the person's identity prior to providing the assistance by means other than providing the password, pin, seed phrase, or other information. (3) (a) A violation of this section shall be deemed to be an unfair, false, misleading, or deceptive act or practice in the conduct of trade or commerce in violation of KRS 367.170. (b) All of the remedies, powers, and duties provided to the Attorney General or any other person …
Sponsors
- Tom Smith (R, HD-086) · primary sponsor
Latest actions
- : to Banking & Insurance (H)
- : to Committee on Committees (H)
- : introduced in House
Subjects: Technology, Consumer Protection, Information Technology, Attorney General, Administrative Regulations And Proceedings
Common questions
- What is HB823?
- HB823 is a bill in the Kentucky Legislature (2026 Regular Session): AN ACT relating to digital asset wallets.
- What does HB823 do?
- In its own words: An act relating to digital asset wallets.
- What is the status of HB823?
- In committee as of March 10, 2026. Latest action: to Banking & Insurance (H) (March 10, 2026).
- Who sponsored HB823?
- Tom Smith (R, HD-086).
- Where is the official record for HB823?
- On the Kentucky Legislature website: https://apps.legislature.ky.gov/record/26rs/hb823.html
Source: official Kentucky record. Tracked by Delilah, AI for legislation across all 50 states and Congress.