Michigan legislation · 103rd Legislature
Michigan SB980: Consumer protection: other; cryptocurrency kiosks; prohibit the installation and operation of. Creates new act.
Status: In committee, October 27, 2026
What the bill says
To prohibit the installation and operation of cryptocurrency kiosks; to provide for the powers and duties of certain state and local governmental officers and entities; and to prescribe civil sanctions.
From the introduced text, May 19, 2026:
A bill to prohibit the installation and operation of cryptocurrency kiosks; to provide for the powers and duties of certain state and local governmental officers and entities; and to prescribe civil sanctions. the people of the state of michigan enact: Sec. 1. This act may be cited as the "cryptocurrency kiosk fraud prevention act". Sec. 3. As used in this act: (a) "Cryptocurrency" means digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, and that operates independently of a central bank. (b) "Cryptocurrency kiosk" means an electronic terminal that enables a cryptocurrency kiosk operator to facilitate the purchase, sale, or exchange of fiat currency for cryptocurrency or of cryptocurrency for fiat currency. Cryptocurrency kiosk includes, but is not limited to, an electronic terminal that does either of the following: (i) Connects directly to a separate cryptocurrency exchange that performs the cryptocurrency transmission. (ii) Draws on cryptocurrency that is in the possession of the operator of the electronic terminal. (c) "Cryptocurrency kiosk operator" means a person that owns or operates a cryptocurrency kiosk. (d) "Fiat currency" means a medium of exchange that is authorized or adopted by the United States government as part of its currency and is not backed by a commodity. (e) "Person" means an individual …
Sponsors
- Irwin, Jeff (D, 15) · primary sponsor
- Shink, Sue (D, 14)
- Polehanki, Dayna (D, 5)
- Klinefelt, Veronica (D, 11)
- Geiss, Erika (D, 1)
- Chang, Stephanie (D, 3)
Latest actions
- : REFERRED TO COMMITTEE OF THE WHOLE
- : REPORTED FAVORABLY WITHOUT AMENDMENT 10/14/2026
- : REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION
- : INTRODUCED BY SENATOR JEFF IRWIN
Votes
- Reported Favorably Without Amendment 10/14/2026 (October 27, 2026): 6 yea, 0 nay, passed
Subjects: Consumer protection: other
Common questions
- What is SB980?
- SB980 is a bill in the Michigan Legislature (103rd Legislature): Consumer protection: other; cryptocurrency kiosks; prohibit the installation and operation of. Creates new act.
- What does SB980 do?
- In its own words: To prohibit the installation and operation of cryptocurrency kiosks; to provide for the powers and duties of certain state and local governmental officers and entities; and to prescribe civil sanctions.
- What is the status of SB980?
- In committee as of October 27, 2026. Latest action: REFERRED TO COMMITTEE OF THE WHOLE (October 27, 2026).
- Who sponsored SB980?
- Irwin, Jeff (D, 15), with 5 co-sponsors.
- Where is the official record for SB980?
- On the Michigan Legislature website: https://www.legislature.mi.gov/Bills/Bill?ObjectName=2026-SB-0980
Source: official Michigan record. Tracked by Delilah, AI for legislation across all 50 states and Congress.