House Bill 303 Alabama 2026 Session

Summary

Primary Sponsor

Russell Bedsole Representative

Republican

Session

2026 Regular Session

Title

Cryptocurrency; measures to prevent fraud imposed, penalties established, Alabama Securities Commission authorized to enforce

Description

This bill would require cryptocurrency kiosk operators to provide certain disclosures to a consumer during a transaction.

This bill would require kiosk operators to provide all receipts of transactions to the consumer and digital receipts to the Alabama Securities Commission.

This bill would provide fraud prevention measures for cryptocurrency transactions using kiosks and require operators to refund transactions that were fraudulently induced.

This bill would require operators to establish a consumer service line and a direct line of communication with local law enforcement agencies and the commission.

This bill would also provide civil and criminal penalties for certain violations of this section.

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Subjects

Businesses & Financial Institutions