State • West Virginia

HB 5353: To bring virtual currency kiosks within the purview of money transmission licensure and create disclosure requirements and daily transaction limitations for new and existing customers.

Vernon CrissIntroduced

HB 5353 status: Introduced — Chapter 58, Acts, Regular Session, 2026 (updated Aug 13, 2026).

1

What this bill does

Overall score

Score75/100 civic fit
RiskModerate risk
ImpactModerate impact 45/100

Bill summary

Official

This bill would make Bitcoin ATMs follow the same rules as traditional money transfer companies. It would require these machines to clearly display fees and risks, and it would set a daily limit on how much cash people can trade. The proposal is currently being debated in the House of Representatives....

Key analysis

Constitutionality85%
Bipartisan50%
Public opinion65%
2

Impact analysis

Environment

Mixed / Neutral
50%

Benefits

  • No material impact on the environment identified.

Risks

  • No material impact on the environment identified.

Economy

Positive Outlook
60%

Benefits

  • Reduces market opacity through mandated fee disclosures.
  • Prevents predatory practices in financial kiosk transactions.

Risks

  • Increases compliance costs for small-scale financial technology operators.
  • Potential reduction in kiosk availability due to new licensing burdens.

Society

Positive Outlook
75%

Benefits

  • Increases consumer protection against financial fraud.
  • Ensures customers are better informed of risks before transactions.

Risks

  • May limit convenience for users preferring high-volume cash-to-crypto transactions.
3

How trustworthy & consequential it is

Source

OpenStates

Confidence

low

low

Analysis status

OpenStates summary

Warning

New compliance burdens could force smaller kiosk operators to exit the state market.

Limitation

Analysis based on abstract summary only; full text specifics regarding licensure thresholds are unavailable.

4

Where it stands

1

Introduced

Current

Chapter 58, Acts, Regular Session, 2026

2

Committee

Upcoming
3

Floor

Upcoming
4

Governor

Upcoming
5

Enacted

Upcoming
5

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6

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