Environment
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
StateAlaskaIntroduced
SB 249: An Act relating to virtual currency kiosks; relating to transactions involving virtual currency; relating to unfair trade or deceptive acts or practices; and providing for an effective date.
Tilton
SB 249 status: Introduced — (S) EFFECTIVE DATE(S) OF LAW 10/1/26 (updated Jul 16, 2026).
Source
OpenStates
Confidence
Low
Analysis basis
OpenStates summary
01
What this bill does
Official summary alongside an AI-generated read on where it stands and why.
Overall Score
73OUT OF 100
Score:73/100 civic fit
Risk:Moderate Risk
Impact:Moderate Impact 40/100
Constitutionality90%
Bipartisan95%
Public opinion80%
Bill summary
What changes
The bill implements a new regulatory framework for virtual currency kiosks (Bitcoin ATMs), focusing on consumer protection and anti-fraud measures.
Who is affected
Virtual currency kiosk operators, consumers using these kiosks, and state regulatory agencies.
Requirements and enforcement
Operators must comply with new business standards and disclosure requirements to operate kiosks.
Costs and funding
Operators will face compliance costs; potential transaction fee changes for consumers.
When it takes effect
The act has an effective date of October 1, 2026.
Potential benefits
Reduces risk of scams for consumers, increases operational transparency, and provides a legal framework for oversight.
Risks and tradeoffs
Compliance costs may force smaller operators out of business or limit access to cryptocurrency services.
What is still unknown
Specific details on licensing fees, reporting frequency, and the exact nature of the required 'consumer disclosures' are not provided.
02
Impact analysis
✦ AI analysisModeled effects across six domains, estimated from bill text and comparable legislation.
Economy
Positive outlook
70%
Benefits
- Reduced consumer financial losses from fraud
- Increased market legitimacy for virtual currency
- Standardized operational practices for operators
Risks
- Increased compliance costs for kiosk operators
- Possible reduction in kiosk availability
- Administrative burden of new licensing requirements
Society
Positive outlook
75%
Benefits
- Enhanced protection for vulnerable populations
- Increased awareness regarding crypto scams
- Improved safety for financial transactions
Risks
- Potential reduction in access to instant cash-to-crypto services
- Increased verification requirements may discourage usage
- Disruption of existing financial behaviors
Technology Industry
Positive outlook
65%
Benefits
- Standardization of hardware interface requirements
- Clearer legal environment for kiosk businesses
- Incentivizes secure transaction protocols
Risks
- Restrictive regulation of crypto hardware kiosks
- Mandated reporting or disclosure requirements
- Administrative overhead for tech-heavy compliance
Civic Accountability
Positive outlook
80%
Benefits
- New oversight mechanisms for financial kiosks
- Mandatory disclosure to improve transparency
- Regulatory authority over deceptive practices
Risks
- Increased state agency resource requirements
- Potential for enforcement ambiguity
- Risk of regulatory capture by large entities
Public Health & Safety
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
03
How trustworthy & consequential it is
Sourcing already shown above, this is what the analysis found worth flagging.
Source
OpenStates
Official bill text or data from OpenStates.
Confidence
Low
Information is limited or incomplete.
Analysis basis
OpenStates summary
Source used for this bill's analysis.
Source note
LegiScan returned a PDF-only document. PDF extraction is not enabled in this build, so the pipeline used a safer fallback.
Analysis scope
Source provided is a brief summary, not full legislative text.
04
Where it stands
Official record- IntroducedCurrent
- CommitteeUpcoming
- Chamber votesUpcoming
- Final agreementUpcoming
- GovernorUpcoming
- EnactedUpcoming
05
How it affects your district
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06
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