Minnesota SF3868: Virtual currency kiosks prohibition provision

What the bill says

A bill for an act relating to commerce; prohibiting virtual currency kiosks; providing for customer payouts; amending Minnesota Statutes 2024, section 53B.69, subdivision 10; proposing coding for new law in Minnesota Statutes, chapter 53B; repealing Minnesota Statutes 2024, sections 53B.69, subdivisions 3b, 3c; 53B.75, subdivisions 1, 2, 3, 4, 5.

From the engrossed text, April 28, 2026:

A bill for an act relating to commerce; prohibiting virtual currency kiosks; providing for customer payouts; amending Minnesota Statutes 2024, section 53B.69, subdivision 10; proposing coding for new law in Minnesota Statutes, chapter 53B; repealing Minnesota Statutes 2024, sections 53B.69, subdivisions 3b, 3c; 53B.75, subdivisions 1, 2, 3, 4, 5. Section 1. Minnesota Statutes 2024, section 53B.69, subdivision 10, is amended to read: Subd. 10. Virtual currency kiosk. "Virtual currency kiosk" means an electronic terminal acting as a mechanical agentnew text begin [ADDED: or a person acting on behalf] new text end of the virtual currency kiosk operator to enable the virtual currency kiosk operator to facilitate the exchange of virtual currency for money, bank credit, or other virtual currency, including but not limited to by (1) connecting directly to a separate virtual currency exchanger that performs the actual virtual currency transmission, or (2) drawing upon the virtual currency in the possession of the electronic terminal's operator. Sec. 2. new text begin [ PROHIBITION.] new text end new text begin [ADDED: Subdivision 1.] new text end new text begin [ADDED: Virtual currency kiosks prohibited.] new text end new text begin [ADDED: (a) Beginning August 1, 2026, a person is prohibited from installing, operating, maintaining, or making available for use a virtual currency kiosk.] new text end new text begin [ADDED: …

Read the full official text

Sponsors

• Hemmingsen-Jaeger, Amanda H. (D, 47) · primary sponsor
• Jen McEwen (D)
• Liz Boldon (D)
• Matt Klein (D)
• Karin Housley (R)

Latest actions

1. May 5, 2026: Secretary of State, Filed
2. May 5, 2026: Governor approval
3. May 4, 2026: Presented to Governor
4. May 4, 2026: Presentment date
5. April 28, 2026: Third reading Passed as amended vote: 53-13
6. April 28, 2026: Senate concurred and repassed bill
7. April 28, 2026: Returned from House with amendment
8. April 27, 2026: Bill was passed as amended vote: 127-7
9. April 27, 2026: Third reading as amended
10. April 27, 2026: Amended

Votes

• the repassage of the bill, as amended (April 28, 2026): 53 yea, 13 nay, passed
• CALENDAR FOR THE DAY - Passage, as amended (April 27, 2026): 127 yea, 7 nay, passed
• the passage of the bill (April 9, 2026): 57 yea, 10 nay, passed
• the adoption of the Lieske (A-4) amendment (April 9, 2026): 33 yea, 34 nay, failed
• the adoption of the Drazkowski motion (April 9, 2026): 28 yea, 39 nay, failed
• "Shall the decision of the President be the judgment of the Senate?" (April 9, 2026): 34 yea, 33 nay, passed

Common questions

What is SF3868?

SF3868 is a bill in the Minnesota Legislature (94th Legislature 2025-2026): Virtual currency kiosks prohibition provision.

What does SF3868 do?

In its own words: A bill for an act relating to commerce; prohibiting virtual currency kiosks; providing for customer payouts; amending Minnesota Statutes 2024, section 53B.69, subdivision 10; proposing coding for new law in Minnesota Statutes, chapter 53B; repealing Minnesota Statutes 2024, sections 53B.69, subdivisions 3b, 3c; 53B.75, subdivisions 1, 2, 3, 4, 5.

What is the status of SF3868?

Signed into law as of May 5, 2026. Latest action: Secretary of State, Filed (May 5, 2026).

Who sponsored SF3868?

Hemmingsen-Jaeger, Amanda H. (D, 47), with 4 co-sponsors.

Where is the official record for SF3868?

On the Minnesota Legislature website: https://www.revisor.mn.gov/bills/bill.php?f=SF3868&y=2025&ssn=0&b=senate