Technology

Beginning 10/1/2026, prohibits the ownership, operation, or management of a digital financial asset transaction kiosk that accepts United States currency from a customer in exchange for a digital financial asset. (CD1)

Requires the Department of the Attorney General to submit annual reports to the Legislature pertaining to the offense of terroristic threatening in the first degree. Expands the definition of "terroristic threatening" to include any form of written or electronic communication. Includes additional protected classes that designate the offense of terroristic threatening in the first degree as a class B felony. Amends the offense of obstructing government operations to include obstructing the performance of a governmental function by an educational worker acting in an official capacity. Effective 7/1/3000. (HD1)

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.