SB98 creates a new chapter in South Dakota law to regulate virtual currency kiosks (the machines and apps where people buy cryptocurrencies) and prevent fraud. The law defines key terms like "virtual currency," "charges" (including fees and price markups), and "licensees" (businesses licensed to operate these kiosks), establishing a framework for oversight of cryptocurrency kiosk transactions. This is new state law rather than an amendment, setting up consumer protections for people using these kiosks.
This bill does not directly amend codified state law.
Signed by the Governor S.J. 529
Delivered to the Governor S.J. 488
Signed by the Speaker H.J. 530
Signed by the President S.J. 470
House of Representatives Do Pass Amended Passed, YEAS 59, NAYS 7. H.J. 492
Commerce and Energy Do Pass Passed, YEAS 10, NAYS 2.
Commerce and Energy Scheduled for hearing
First read in House and referred to House Commerce and Energy H.J. 355
Senate Do Pass Amended Passed, YEAS 31, NAYS 2. S.J. 284
Senate Remove from Consent Calendar S.J. 261
Commerce and Energy Certified uncontested, placed on consent
Commerce and Energy Do Pass Amended Passed, YEAS 7, NAYS 0.
Commerce and Energy Motion to amend
Commerce and Energy Scheduled for hearing
Commerce and Energy Scheduled for hearing
First read in Senate and referred to Senate Commerce and Energy S.J. 66
Prime sponsor · Rep.
R
Prime sponsor · Sen.
R
Do Pass Amended
Commerce and Energy — Do Pass
Do Pass Amended
Commerce and Energy — Do Pass Amended