Minnesota legislation · 94th Legislature 2025-2026
Minnesota SF4366: Unclaimed virtual currency funds and funds held for prepayment of funeral-related expenses regulation
Status: In committee, April 7, 2026
What the bill says
A bill for an act relating to commerce; regulating unclaimed virtual currency funds and funds held for prepayment of funeral-related expenses; amending Minnesota Statutes 2024, sections 345.31, by adding a subdivision; 345.43, by adding a subdivision; proposing coding for new law in Minnesota Statutes, chapter 345.
From the engrossed text, April 7, 2026:
A bill for an act relating to commerce; regulating unclaimed virtual currency funds and funds held for prepayment of funeral-related expenses; amending Minnesota Statutes 2024, sections 345.31, by adding a subdivision; 345.43, by adding a subdivision; proposing coding for new law in Minnesota Statutes, chapter 345. Section 1. Minnesota Statutes 2024, section 345.31, is amended by adding a subdivision to read: new text begin [ADDED: Subd. 10.] new text end new text begin [ADDED: Virtual currency.] new text end new text begin [ADDED: "Virtual currency" means a digital representation of value used as a medium of exchange, unit of account, or store of value that does not have legal tender status recognized by the United States. Virtual currency does not include:] new text end new text begin [] new text end new text begin [ or] new text end new text begin [ADDED: (3) a loyalty card or gift card.] new text end Sec. 2. new text begin [ADDED: [345.382] FUNDS HELD FOR THE PREPAYMENT OF FUNERAL-RELATED EXPENSES.] new text end new text begin [ADDED: Funds on deposit or held in trust for the prepayment of a funeral or other funeral-related expenses are presumed abandoned at the earliest of:] new text end new text begin [] new text end new text begin [ or] new text end new text begin …
Sponsors
- Matt Klein (D) · primary sponsor
Latest actions
- : Second reading
- : Comm report: To pass as amended
- : Referred to Commerce and Consumer Protection
- : Introduction and first reading
Common questions
- What is SF4366?
- SF4366 is a bill in the Minnesota Legislature (94th Legislature 2025-2026): Unclaimed virtual currency funds and funds held for prepayment of funeral-related expenses regulation.
- What does SF4366 do?
- In its own words: A bill for an act relating to commerce; regulating unclaimed virtual currency funds and funds held for prepayment of funeral-related expenses; amending Minnesota Statutes 2024, sections 345.31, by adding a subdivision; 345.43, by adding a subdivision; proposing coding for new law in Minnesota Statutes, chapter 345.
- What is the status of SF4366?
- In committee as of April 7, 2026. Latest action: Second reading (April 7, 2026).
- Who sponsored SF4366?
- Matt Klein (D).
- Where is the official record for SF4366?
- On the Minnesota Legislature website: https://www.revisor.mn.gov/bills/bill.php?f=SF4366&y=2025&ssn=0&b=senate
Source: official Minnesota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.