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KY HB823

Bill

Status

Introduced

3/3/2026

Primary Sponsor

Tom Smith

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Digital asset wallet providers must offer live customer service via toll-free telephone between 8:00 a.m. and 10:00 p.m. local Kentucky time

  • Wallet providers must assist customers with resetting passwords, PINs, seed phrases, or other access credentials for self-hosted wallets

  • Providers may require identity verification before providing reset assistance, using methods other than the forgotten credentials

  • Violations constitute unfair or deceptive trade practices under KRS 367.170, subjecting providers to existing consumer protection remedies and penalties

  • Attorney General may promulgate administrative regulations to enforce these requirements

Legislative Description

AN ACT relating to digital asset wallets.

Administrative Regulations and Proceedings

Last Action

to Banking & Insurance (H)

3/10/2026

Committee Referrals

Banking and Insurance3/10/2026
Committee On Committees3/3/2026

Full Bill Text

No bill text available