Act No. 923 (SB 163), 2026 Regular Session, licensure and regulation of virtual currency businesses

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2026 Regular Session                                                           ENROLLED
                                       ACT No. 923
     SENATE BILL NO. 163

     BY SENATOR REESE

 1                                             AN ACT

 2   To repeal Section 3 of Act No. 331 of the 2023 Regular Session of the Legislature and

 3          Section 2 of Act No. 700 of the 2024 Regular Session of the Legislature, relative to

 4          the licensure and regulation of virtual currency businesses; to provide relative to the

 5          authority, functions, and duties of the office of financial institutions; to provide for

 6          effectiveness; to repeal sunset provisions; and to provide for related matters.

 7   Be it enacted by the Legislature of Louisiana:

 8          Section 1. Section 3 of Act No. 331 of the 2023 Regular Session of the Legislature

 9   and Section 2 of Act No. 700 of the 2024 Regular Session of the Legislature are hereby

10   repealed.

11          Section 2. If any federal law related to the licensure of virtual currency business

12   activities preempts any provision of Chapter 21 of Title 6 of the Louisiana Revised Statutes

13   of 1950, known as the Virtual Currency Business Act, then any provision of Louisiana law

14   authorizing the preempted activity shall be deemed null, void, and without force or effect

15   to the extent of the conflict with federal law. Such change shall become effective on the last

16   day of the calendar year in which the federal law becomes effective.

                                        PRESIDENT OF THE SENATE

                                        SPEAKER OF THE HOUSE OF REPRESENTATIVES

                                        GOVERNOR OF THE STATE OF LOUISIANA

     APPROVED:

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            Coding: Words which are struck through are deletions from existing law;
            words in boldface type and underscored are additions.