2025 Regular SessionMaryland Legislature

SB305: Financial Institutions and Activities - Virtual Currency Kiosks - Registration and Regulation

Legislative Summary

Establishing registration and operating requirements for a virtual currency kiosk operator to operate a virtual currency kiosk in the State; authorizing the Commissioner of Financial Regulation to investigate and enforce the Act in a certain manner; and authorizing the Commissioner to assess against a virtual currency kiosk operator a civil penalty not to exceed $1,000 for each knowing and willful violation of the Act.

Demographic Impact

Overall analysis of equity impact

Neutral
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

1/13/2025
First Reading Finance
Senate
1/22/2025
Hearing 2/06 at 1:00 p.m.
Senate
3/10/2025
Favorable with Amendments Report by Finance
Senate
3/11/2025
Favorable with Amendments {703124/1 Adopted
Senate
3/11/2025
Second Reading Passed with Amendments
Senate
3/12/2025
Third Reading Passed (47-0)
Senate
3/14/2025
Referred Economic Matters
House of Delegates
3/19/2025
Hearing 3/25 at 1:00 p.m.
House of Delegates
3/21/2025
Hearing canceled
House of Delegates
3/21/2025
Hearing 3/27 at 1:00 p.m.
House of Delegates
4/1/2025
Favorable Report by Economic Matters
House of Delegates
4/2/2025
Favorable Adopted Second Reading Passed
House of Delegates
4/2/2025
Third Reading Passed (124-14)
House of Delegates
4/3/2025
Returned Passed
Senate
4/22/2025
Approved by the Governor - Chapter 117
Senate

Amendments

Favorable with Amendments 703124/1 Adopted

Favorable with Amendments 703124/1 Adopted

3/11/2025Adopted

Roll Call Votes

Third Reading Passed
4/2/2025
124
Yea
14
Nay
1
Not Voting
2
Absent
Result: PASSED
Third Reading Passed
3/12/2025
47
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED

Status Information

Current Status
Passed(4/22/2025)
Chamber
Senate

Sponsors

Democrat: 2

Primary Sponsor

Pamela Beidle
Pamela Beidle
Democrat

Documents

Chaptered
Bill Text4/24/2025158.0 KB
Engrossed
Bill Text3/11/2025177.0 KB
Introduced
Bill Text1/14/2025124.5 KB
Vote Image
Vote Image1/1/197037.1 KB
Vote Image
Vote Image1/1/197038.9 KB