Statement of economic interest requirement to include disclosures relating to stock and virtual currency
Minnesota's SF 3644 amends campaign finance disclosure rules to require state officials to report digital assets like cryptocurrency and NFTs valued over $10,000 in their economic interest statements. The bill adds "digital asset" to the definition (including stablecoins and NFTs) and mandates disclosure of ownership and transactions for these assets, similar to existing stock reporting requirements. This affects legislators, appointed officials, and other public officers who file annual economic interest statements. The changes take effect January 1, 2027, expanding transparency requirements for virtual assets in public financial disclosures.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 19, 2026
Last action Mar 2, 2026
Maddy AI version diff · 1 comparison
What changed between versions
Introduction
→
1st Engrossment
·
3 edits
·
Mar 2, 2026
MINOR
The bill was formally reclassified from its initial introduction to its first engrossment, indicating it has been reviewed and amended by the legislature. The text was updated to replace the term 'virtual currency' with the broader term 'digital asset' to expand the scope of financial disclosures required in campaign finance statements. Additionally, a new effective date of January 1, 2027, was added to specify when these new disclosure rules will take effect.
Scope change
The scope of the bill was broadened by replacing 'virtual currency' with 'digital asset', thereby including stablecoins and nonfungible tokens in the required economic interest disclosures.
REQUIREMENT
The term 'virtual currency' was replaced with 'digital asset' in the bill's summary and definition, expanding the types of assets subject to campaign finance disclosure rules.
TIMELINE
A specific effective date of January 1, 2027, was added to the legislation, establishing when the new disclosure requirements will become active.
TECHNICAL
The document title and status were updated from 'Introduction' to '1st Engrossment' to reflect the bill's progression through the legislative process.
Floor votes
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Full legislative history
Actions timeline
Total actions
4
Key actions
1
Committee
2
Mar 2, 2026
Upper · Passed
Comm report: To pass as amended
upper
Feb 19, 2026
Committee
Referred to Elections
upper
Feb 19, 2026
Introduced
Introduction and first reading
upper
1 primary · 1 co-sponsor
Sponsors
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