AN ACT relating to digital asset wallets.

Create a new section of KRS 369.130 to 369.139 to define "wallet provider"; require wallet providers to provide live customer service during operating hours and to provide a mechanism for, and assistance with, resetting any password, pin, seed phrase, or other similar information necessary to access the contents of a wallet; provide that a violation of the section is an unfair, false, misleading, or deceptive trade practices in violation of KRS 367.170; provide that the remedies and penalties are cumulative; authorize the Attorney General to promulgate administrative regulations for the proper enforcement of the section.

Introduced: March 3, 2026

Last action: March 10, 2026

To Banking & Insurance (H)

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This bill sets rules for companies that provide digital asset wallets, which are tools used to store and manage cryptocurrencies and similar digital assets. It would require those companies to offer live customer service during business hours and to help users reset passwords or other access credentials if they get locked out. Businesses that break these rules could be found in violation of Kentucky's consumer protection law, and the Attorney General would have authority to create regulations to enforce the requirements. Who it may affect: Kentuckians who use digital asset wallets and the companies that provide those wallet services.

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