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Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

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SB951 • 2025

creating the Office of Financial Technology Innovation in the Department of Financial Institutions and a cryptocurrency pilot project, granting rule-making authority, and making an appropriation

creating the Office of Financial Technology Innovation in the Department of Financial Institutions and a cryptocurrency pilot project, granting rule-making authority, and making an appropriation

Budget Technology
Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor
Senator Drake, cosponsored by Representative Rivera-Wagner
Last action
2026-03-23
Official status
S - Utilities, Technology and Tourism
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2026-03-23 Sen.

    Failed to pass pursuant to Senate Joint Resolution 1

  2. 2026-02-25 Sen.

    Public hearing held

  3. 2026-02-19 Sen.

    Fiscal estimate received

  4. 2026-02-06 Sen.

    Introduced by Senator Drake ; cosponsored by Representative Rivera-Wagner

  5. 2026-02-06 Sen.

    Read first time and referred to Committee on Utilities, Technology and Tourism

Official Summary Text

creating the Office of Financial Technology Innovation in the Department of Financial Institutions and a cryptocurrency pilot project, granting rule-making authority, and making an appropriation
Status: S - Utilities, Technology and Tourism