RELATING TO DIGITAL FINANCIAL ASSET.
HB 1277 sets a $1,000 daily transaction limit for purchases made through digital financial asset kiosks, directly affecting users of these automated machines. The bill requires kiosks to enforce this cap on all transactions involving digital assets like cryptocurrencies. It is scheduled to take effect on July 1, 3000 (though this date appears to be a placeholder, as it is far in the future). The measure is currently under review by the committee with a recommendation to pass it with amendments.
Bill status
passed
3 of 5 stages cleared
Introduction
Jan 2025
Committee Review
Mar 2025
House Passage
Mar 2025
Senate Passage
Governor
Introduced Jan 22, 2025
Last action Dec 8, 2025
Maddy AI version diff · 2 comparisons
What changed between versions
HB1277_HD1
→
HB1277_HD2
·
2 edits
MINOR
The bill was renumbered from House Bill 1277 HD1 to HD2, indicating a revision in the legislative process. The definition of 'security' was updated to align with Chapter 485A, clarifying the types of financial instruments covered. Additionally, the effective date for the $1,000 daily transaction limit on digital financial asset kiosks remains set for July 1, 3000, with the version tag updated to reflect the new House District version.
Scope change
The scope of the bill's definition of 'security' was narrowed or clarified to specifically reference Chapter 485A, potentially changing which assets are subject to regulation under this bill.
DEFINITION
The definition of 'security' was changed to explicitly reference securities registered or exempt under Chapter 485A, replacing the previous broader language regarding the Department of Commerce and Consumer Affairs.
TECHNICAL
The bill was renumbered from H.D. 1 to H.D. 2, and associated metadata dates and identifiers were updated to reflect the new version.
Floor votes
How they voted
This bill passed the House by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
16
Key actions
3
Committee
5
Mar 6, 2025
Committee
Referred to LBT, CPN.
upper
Mar 6, 2025
Introduced
Received from House (Hse. Com. No. 347).
upper
Mar 4, 2025
Lower · Passed
Passed Third Reading as amended in HD 2 with none voting aye with reservations; Representative(s) Garcia, Muraoka voting no (2) and Representative(s) Pierick, Ward excused (2). Transmitted to Senate.
lower
Feb 25, 2025
Lower · Passed
The committee on JHA recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Tarnas, Poepoe, Belatti, Hashem, Perruso, Takayama, Todd; Ayes with reservations: none; Noes: none; and 4 Excused: Representative(s) Cochran, Kahaloa, Garcia, Shimizu.
lower
Feb 11, 2025
Committee
Reported from CPC (Stand. Com. Rep. No. 420) as amended in HD 1, recommending passage on Second Reading and referral to JHA.
lower
Feb 4, 2025
Lower · Passed
The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Matayoshi, Chun, Ilagan, Ichiyama, Iwamoto, Marten, Tam; Ayes with reservations: none; 1 Noes: Representative(s) Pierick; and 2 Excused: Representative(s) Kong, Lowen.
lower
Jan 27, 2025
Committee
Referred to CPC, JHA, referral sheet 4
lower
Jan 23, 2025
Introduced
Introduced and Pass First Reading.
lower
Jan 22, 2025
Introduced
Pending introduction.
lower
10 primary · 0 co-sponsors
Sponsors
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