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SB2251 • 2026
AN ACT to amend Tennessee Code Annotated, Title 4; Title 5; Title 6; Title 7; Title 8; Title 12; Title 13; Title 29; Title 39; Title 45; Title 47 and Title 67, relative to virtual currency kiosks.
This bill passed the Legislature and reached final enactment based on the latest official action.
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
Abstract summarizes the bill.
Comp. became Pub. Ch. 766
Effective date(s) 07/01/2026
Pub. Ch. 766
Signed by Governor.
Transmitted to Governor for his action.
Signed by Senate Speaker
Signed by H. Speaker
Enrolled; ready for sig. of H. Speaker.
Companion House Bill substituted
Sponsor(s) Added.
Passed Senate, Ayes 32, Nays 0
Senate substituted House Bill for companion Senate Bill.
Received from House, Passed on First Consideration
Engrossed; ready for transmission to Sen.
Passed H., Ayes 94, Nays 0, PNV 0
Placed on Senate Consent Calendar 2 for 3/16/2026
H. Placed on Consent Calendar for 3/16/2026
Placed on cal. Calendar & Rules Committee for 3/12/2026
Sponsor(s) Added.
Rec. for pass; ref to Calendar & Rules Committee
Recommended for passage, refer to Senate Calendar Committee
Sponsor(s) Added.
Placed on Senate Commerce and Labor Committee calendar for 3/10/2026
Placed on cal. Commerce Committee for 3/11/2026
Rec. for pass by s/c ref. to Commerce Committee
Action deferred in Senate Commerce and Labor Committee to 3/10/2026
Sponsor(s) Added.
Placed on s/c cal Banking & Consumer Affairs Subcommittee for 3/4/2026
Placed on Senate Commerce and Labor Committee calendar for 3/3/2026
Sponsor change.
Passed on Second Consideration, refer to Senate Commerce and Labor Committee
Assigned to s/c Banking & Consumer Affairs Subcommittee
P2C, ref. to Commerce Committee
Intro., P1C.
Filed for introduction
Introduced, Passed on First Consideration
Filed for introduction
Abstract summarizes the bill.
HOUSE BILL 2505 By Sexton SENATE BILL 2251 By Johnson SB2251 012307 - 1 - AN ACT to amend Tennessee Code Annotated, Title 4; Title 5; Title 6; Title 7; Title 8; Title 12; Title 13; Title 29; Title 39; Title 45; Title 47 and Title 67, relative to virtual currency kiosks. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE: SECTION 1. Tennessee Code Annotated, Title 45, Chapter 16, is amended by adding the following as a new part: 45-16-201. As used in this part: (1) "Electronic terminal": (A) Means an electronic device through which a person may initiate an electronic fund transfer to access the person's deposit, share, or other accounts or credit facility; and (B) Includes an automated teller machine, cash dispensing machine, point of sale terminal, or other cash, debit, stored value, script, or cash equivalent device; (2) "Person" means an individual or entity; (3) "Virtual currency" means a digital representation of value used as a medium of exchange, a unit of account, or a store of value, but does not have legal tender status as recognized by the United States government; (4) "Virtual currency kiosk" means an electronic terminal acting as a mechanical agent of the virtual currency kiosk operator to enable the virtual currency kiosk operator to facilitate the exchange of virtual currency for money, bank credit, or other virtual currency, including by: - 2 - 012307 (A) Connecting directly to a separate virtual currency exchange that performs the actual virtual currency transmission; or (B) Drawing upon the virtual currency in the possession of the electronic terminal's operator; and (5) "Virtual currency kiosk operator" means a person that: (A) Engages in virtual currency business activity via an electronic terminal located in this state or a person that owns, operates, or manages an electronic terminal located in this state through which virtual currency business activity is offered; (B) Knowingly permits the use or installation of a virtual currency kiosk on property owned, leased, or controlled by the person; or (C) Owns a virtual kiosk that is located or operated in this state. 45-16-202. (a) It is an offense for a virtual currency kiosk operator or other person to knowingly install or allow installation of, permit, place, or otherwise operate a virtual currency kiosk in this state. (b) A violation of subsection (a) is a Class A misdemeanor. SECTION 2. This act takes effect July 1, 2026, the public welfare requiring it, and applies to acts occurring on or after that date.