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Committee flags H.137 additions: mutual financial institution operators, one‑year crypto kiosk transition
Summary
Members noted that H.137, on the Senate floor for third reading, includes language on operators of mutual financial institutions and a regulatory scheme for crypto kiosks that delays full prohibition for a year. The committee plans to hear from the Department of Financial Regulation and banking stakeholders.
The Commerce & Economic Development committee discussed H.137 on Friday, May 2, 2025, noting two new provisions added in the Senate: language on operators of mutual financial institutions and a regulatory framework for crypto kiosks.
The committee chair said the mutual institution provision was proposed by the…
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