Task force or study body Reported
Alabama Blockchain Study Commission (also called Alabama Joint Blockchain Study Commission in press) · Status unclear
- Created by: Senate Joint Resolution 58 (SJR58), 2024 Regular Session; legislative tracker shows passed 4/25/2024 and last action 5/1/2024. Resolution text not opened; only the caption 'Alabama Blockchain Study Commission, established' was seen.
- Organized by: Alabama Legislature (joint legislative resolution; press reports say it was sponsored by Sen. Greg Albritton, R-Atmore). Appointing authority for members not stated in sources.
- Led by: Sen. Greg Albritton (R-Atmore), chair, chosen by commission members at its organizational meeting (Alabama Reflector, July 31, 2024). A vice chair was also named but the person is not identified in the source. No newer source on leadership found.
- Members: Legislators of both parties, regulators, and representatives of the Secretary of State and Attorney General offices. Named in press: Rep. Mike Shaw (R-Hoover); Amanda Senn, director, Alabama Securities Commission; Sen. Bobby Singleton (D-Greensboro) on the consumer protection subcommittee; Rep. Anthony Daniels (D-Huntsville). Wade Preston of the Alabama Blockchain Alliance spoke at a meeting but his membership is not stated. Three subcommittees: potential regulation, fraud protection, and blockchain use in public and business settings.
- Outputs and timeline: Organizational meeting July 2024; meeting about Jan. 16, 2025 (agreed to work with Innovate Alabama to bring crypto-expert business leaders to legislators). A 2025 column says its work product was due at the start of the 2026 session; no final report located.
Sources: Alabama Reflector: commission organizational meeting (Jul 31, 2024), Legislative tracker (Legiplex): SJR58 2024 caption and history (secondary aggregator), Alabama Reporter: commission meeting (Jan 17, 2025), 1819 News column noting 2024 joint resolution and 2026 deliverable
Creation instrument (SJR58) is from a secondary legislative tracker, not the ALISON text; the tracker's 'previously filed' list mixes other states' bills, so the 5-member/report-date terms shown there were not relied on. Leadership as of July 2024 source; no later roster found. Official commission webpage or final report not located.
Bitcoin or digital asset reserve law Reported
HB482 (Rep. Mike Shaw) and companion SB283 (Sen. Will Barfoot) in 2025 would have let the state treasurer invest up to 10% of certain state funds in large-cap digital assets such as bitcoin; a columnist reports they stalled in 2025. A Defiant headline of April 2, 2025 says Alabama 'passed' a bill, which conflicts; the article gave no bill number or later outcome, and an Alabama Reporter headline of April 17, 2025 says a House committee punted. NCSL's 2026 tracker lists no Alabama reserve bill. Not primary-sourced.
Sources: 1819 News: reserve bills stalled in 2025, Alabama Reporter: House committee punts (seen in search results only, not opened), The Defiant (Apr 2, 2025; conflicting headline), NCSL 2025 crypto legislation tracker, NCSL 2026 crypto legislation tracker
Licensing Reported
The Alabama Monetary Transmission Act (passed May 2017, effective August 2017) regulates money transmission including virtual currency; the Alabama Securities Commission licenses transmitters, with listed exemptions (banks, broker-dealers, etc.) and felony penalties for unlicensed transmission. In April 2026 HB259 (Financial Innovation Market Expansion Act) added a state stablecoin issuer license enforced by the Securities Commission. Alabama is not reported to have adopted the ULC UVCBA. Statute text was not opened.
Sources: Data Privacy & Security Insider: Alabama Monetary Transmission Act (2017), Alabama Securities Commission: stablecoin legislation signed (Apr 2026)
Crypto kiosks (ATMs) Confirmed
HB303 (Cryptocurrency Kiosk Fraud Prevention Act, Rep. Russell Bedsole) was signed in spring 2026 (reports conflict on the exact date: an AARP Alabama item is dated April 2, 2026, Fox10 of May 8, 2026 says 'this week') and takes effect October 1, 2026. Engrossed text read: new-customer limit $1,000 per day / $10,000 per month; existing-customer limit $10,500 per day; ID verification each transaction; blockchain analytics to block flagged wallets; privacy coins barred; refund of full amount plus fees to new customers (half to existing customers) defrauded if reported within 60 days with a law-enforcement report; U.S.-based toll-free support line. No registration or licensing requirement for kiosks in the engrossed text; Securities Commission has rulemaking, records and civil-penalty authority. The enrolled text was not read and may differ from the engrossed version.
Sources: HB303 engrossed text (ALISON), HB303 introduced text (ALISON), Fox10: new law takes effect Oct 1 (Sep 30, 2026), AARP Alabama: HB 303 becomes law
Industry groups (non-governmental)
- Alabama Blockchain Alliance (NABA member): Industry group listed as a founding NABA member.
Sources: NABA founding members (relayed report of the January 2025 launch)
Other 2025 to 2026 actions
- 2026-04-09: Gov. Ivey signed HB259, the Financial Innovation Market Expansion Act (sponsor Rep. Mike Shaw): a stablecoin issuer license overseen by the Alabama Securities Commission, with 1:1 reserve, monthly CPA attestation and AML/cybersecurity requirements per the Commission's release. Effective date not stated in the source.
- 2026 (session): NCSL's 2026 tracker lists HB104 (abandoned digital assets; liquidation at exchange prices and abandonment presumption) and SB277 (decentralized unincorporated nonprofit associations) as sent to the governor. Final enactment not verified.
Sources: Alabama Securities Commission release (PDF), Enrolled HB259 (ALISON; seen in search results, not opened), NCSL 2026 crypto legislation tracker
Source notes: Study commission leadership is from a July 2024 source and its final report was reportedly due around January 2026; status unclear. Kiosk law details come from the engrossed bill, not the enrolled act, and signing date and act number were not confirmed. NCSL 2026 tracker snapshot date unknown, so HB104/SB277 status may be outdated.
Frequently asked
Does Alabama have a crypto or blockchain task force?
Alabama has had 1 such body: Alabama Blockchain Study Commission (status unclear). Our confidence in this entry is Reported. The entry above lists who created it, who organized and leads it, and where the public records are.
Does Alabama have a bitcoin or digital asset reserve law?
Our research shows the status as failed (confidence: Reported). HB482 (Rep. Mike Shaw) and companion SB283 (Sen. Will Barfoot) in 2025 would have let the state treasurer invest up to 10% of certain state funds in large-cap digital assets such as bitcoin; a columnist reports they stalled in 2025. A Defiant headline of April 2, 2025 says Alabama 'passed' a bill, which conflicts; the article gave no bill number or later outcome, and an Alabama Reporter headline of April 17, 2025 says a House committee punted. NCSL's 2026 tracker lists no Alabama reserve bill. Not primary-sourced.
Does Alabama regulate crypto kiosks (ATMs)?
Our research shows law (confidence: Confirmed). HB303 (Cryptocurrency Kiosk Fraud Prevention Act, Rep. Russell Bedsole) was signed in spring 2026 (reports conflict on the exact date: an AARP Alabama item is dated April 2, 2026, Fox10 of May 8, 2026 says 'this week') and takes effect October 1, 2026. Engrossed text read: new-customer limit $1,000 per day / $10,000 per month; existing-customer limit $10,500 per day; ID verification each transaction; blockchain analytics to block flagged wallets; privacy coins barred; refund of full amount plus fees to new customers (half to existing customers) defrauded if reported within 60 days with a law-enforcement report; U.S.-based toll-free support line. No registration or licensing requirement for kiosks in the engrossed text; Securities Commission has rulemaking, records and civil-penalty authority. The enrolled text was not read and may differ from the engrossed version.
This page is part of our 50-state crypto legislation and task force tracker. Each entry is labeled Confirmed, Reported, Unclear or None found; see the tracker for how we research it.