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Senate approves bills on digital‑asset custody, labor and other technical fixes
Summary
On May 6 the Senate passed a package of bills: HF3709 allowing banks and credit unions to offer custodial digital‑asset accounts under state oversight; SF2373 (labor/industry technical fixes); HF4063 (school bus safety updates); HF4151 (private‑detective licensing changes); and HF3769 (DOC technical corrections). Several passed with bipartisan votes.
The Minnesota Senate took up a sequence of largely technical and sector‑specific bills on May 6 and approved several measures across industries.
House File 3709: Digital‑asset custody (passed 51–16). Sen. Cindy Seaburger presented HF3709, which allows banks and credit unions to offer custodial accounts for virtual/digital assets (a 'safe‑deposit' model) provided institutions follow safety‑and‑soundness standards such as written policies on risk management,…
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