COMMERCIAL REGULATIONS: Provides relative to the licensing and regulation of virtual currency businesses. (8/1/26)
SB 163 repeals Section 2 of Act No. 700 (2024), which previously established licensing and regulatory requirements for virtual currency businesses in Louisiana. The bill replaces this section with new provisions defining the Office of Financial Institutions' authority, functions, and duties regarding virtual currency regulation. This directly affects virtual currency businesses operating in Louisiana by altering their regulatory framework. The specific new mechanisms are not detailed in the provided bill text, and the bill is currently in prefiling status under the Committee on Commerce, Consumer Protection and International Affairs.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2026
Committee Review
May 2026
Senate Passage
May 2026
House Passage
May 2026
Signed into Law
Jun 2026
Introduced Feb 25, 2026
Signed Jun 23, 2026
Maddy AI version diff · 3 comparisons
What changed between versions
SB163 Original
→
SB163 Act 923
·
3 edits
MINOR
This bill repeals the sunset date for Louisiana's Virtual Currency Business Act, ensuring that regulations for virtual currency businesses remain in effect indefinitely rather than expiring on July 1, 2027. It also clarifies that any federal laws preempting state virtual currency regulations will automatically invalidate the relevant state provisions once the federal law takes effect.
Scope change
The bill extends the applicability of the Virtual Currency Business Act by removing its expiration date, thereby maintaining regulatory oversight for virtual currency businesses in Louisiana.
TIMELINE
Removed the sunset provision that would have caused the Virtual Currency Business Act to expire on July 1, 2027.
Added a provision stating that if federal law preempts state virtual currency regulations, the conflicting state provisions become null and void on the last day of the calendar year the federal law becomes effective.
TECHNICAL
Updated the bill's title and introductory text to reflect the new act number (Act No. 923) and session details.
Floor votes · Senate Mar 23, 2026 · House May 20, 2026
How they voted
36–0
Passed · 3 other
Total votes 39
Mar 23, 2026
D
Democratic11
100% Yea
R
Republican28
89% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
23
Key actions
5
Committee
4
Amendments
1
May 25, 2026
Upper · Passed
Amendments proposed by the House read and concurred in by a vote of 38 yeas and 0 nays.
upper
May 20, 2026
Lower · Passed
Read third time by title, amended, roll called on final passage, yeas 97, nays 0. Finally passed, ordered to the Senate.
lower
May 12, 2026
Introduced
Reported without Legislative Bureau amendments.
lower
May 11, 2026
Lower · Passed
Reported with amendments (10-0). Referred to the Legislative Bureau.
lower
Mar 25, 2026
Committee
Read by title, under the rules, referred to the Committee on Commerce.
lower
Mar 23, 2026
Upper · Passed
Read by title, passed by a vote of 35 yeas and 0 nays, and sent to the House. Motion to reconsider tabled.
upper
Mar 11, 2026
Upper · Passed
Reported favorably.
upper
Mar 9, 2026
Committee
Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Commerce, Consumer Protection and International Affairs.
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mike Reese
RRepublican
Ask Maddy
·
AI policy assistant
Ask Maddy about SB 163
Scope: LA
Hi! I can help you understand SB 163. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline