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Virginia · 2026 Regular Session · Bill

HB 665: Financial institutions and services; virtual currency kiosk operators, license required, penalties.

Enacted Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

HB 665 is a bill introduced in the Virginia House on January 13, 2026. According to its official title, it concerns: Financial institutions and services; virtual currency kiosk operators, license required, penalties. Primary sponsor: Michelle Lopes Maldonado. It lists 7 additional sponsors. Most recent recorded action (April 13, 2026): Acts of Assembly Chapter text (CHAP0654).

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Financial institutions and services; virtual currency kiosk operators; license required; penalties. Establishes requirements for the operation of virtual currency kiosks, as defined in the bill, including a requirement that a virtual currency kiosk operator obtain licensure with the State Corporation Commission. The bill requires operators to file annual and quarterly reports, provide certain disclosures, and take reasonable steps to detect and prevent fraud and money laundering. The bill prohibits operators from accepting transactions above specified daily and monthly limits and establishes a maximum transaction charge of 18 percent of the value of such transaction. A person who violates the bill's provisions is subject to a fine of up to $1,000 per violation as well as the existing enforcement provisions of the Virginia Consumer Protection Act. This bill is identical to SB 489.

Sponsors

Sponsors by party (alphabetical): Democratic 6

NameRolePartyChamberDistrict
Michelle Lopes MaldonadoPrimary sponsorNot applicable (committee)——
Jessica L. AndersonCo-sponsorNot applicable (committee)——
Nicole ColeCo-sponsorDemocraticHouse66
Michael FeggansCo-sponsorDemocraticHouse97
Jackie GlassCo-sponsorDemocraticHouse93
Sam RasoulCo-sponsorDemocraticHouse38
Irene ShinCo-sponsorDemocraticHouse8
Shelly SimondsCo-sponsorDemocraticHouse70

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Acts of Assembly Chapter text (CHAP0654)
  2. Approved by Governor-Chapter 654 (effective 7/1/2026)
  3. Fiscal Impact Statement from State Corporation Commission (HB665)
  4. Governor's Action Deadline 11:59 p.m., April 13, 2026
  5. Enrolled Bill communicated to Governor on March 14, 2026
  6. Signed by Speaker
  7. Signed by President
  8. Bill text as passed House and Senate (HB665ER)
  9. Enrolled
  10. Senate substitute agreed to by House (84-Y 10-N 0-A)
  11. Passed Senate with substitute (40-Y 0-N 0-A)
  12. Engrossed by Senate - committee substitute

Showing 12 most recent of 36 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source