MinnesotaMinnesotaLawHF 3709

Virtual-currency custody services by financial institutions

Allows Minnesota financial institutions to offer and perform virtual-currency custody services for customers.

Body

Minnesota Legislature

Session

2025-2026

Introduced

Feb 25

In effect since

Aug 13mo3 months ago

Votes

House 119-6, Senate 51-16

Sponsors

Bipartisan

Topics

Crypto

Related

Minnesota

MinnesotaSF 3868

Virtual currency kiosk ban

Prohibits installing or operating cryptocurrency kiosks in Minnesota from August 1, 2026, requires operators to remove them and pay out customer funds by December 31, 2026, and repeals the prior kiosk regulations.

In forceAug 1

Minnesota

MinnesotaHF 2946

Minnesota Bitcoin Act

Would allow payments to the state in cryptocurrency, authorize the State Board of Investment to invest in cryptocurrency, and modify related tax provisions.

FailedFeb 26

United States (federal)

United States (federal)H.R. 3633

Digital Asset Market Clarity Act

Would set a regulatory framework for digital asset markets, giving the CFTC primary oversight of digital commodities and defining the SEC's role.

Passed one chamberSep 15

Delaware

DelawareSS 2 for SB 19

Delaware Payment Stablecoins Act

Creates a state framework for payment stablecoins and restricts non-financial public companies from issuing them.

In forceJul 6

European Union

European UnionRegulation (EU) 2023/1114

Markets in Crypto-Assets Regulation (MiCA)

Sets EU-wide rules for issuing and offering crypto-assets, including asset-referenced tokens and e-money tokens, and for authorising and supervising crypto-asset service providers.

In forceJul 1

California

CaliforniaAB 39

Digital Financial Assets Law

Requires businesses engaged in digital financial asset activity with California residents to obtain a license from the Department of Financial Protection and Innovation.

In forceJul 1

Summaries of public legislative records, executive actions and court rulings, for reference, not legal advice. Check the official page linked on each item. First seen 2026-09-27. Checked against the official source.