Colorado: Crypto Task Force and Legislation

Task force: ConcludedReserve: None foundKiosks: Law

Task force or study body Confirmed

Colorado Council for the Advancement of Blockchain Technology Use (called the 'Blockchain Council' in its report; StateScoop calls it the 'Council for the Advance of Blockchain Technology') · Concluded

• Created by: Appointed by Gov. John Hickenlooper in June 2018 after the 2018 legislative session (OEDIT report; StateScoop article dated June 22, 2018). StateScoop says a bill passed in May 2018 directed state agencies to consider blockchain uses and funded the effort with $250,000, but neither source gives a bill number or says whether the council itself was created by statute or by gubernatorial appointment. Left unresolved.
• Organized by: Governor's office; staffed/published by the Colorado Office of Economic Development and International Trade (OEDIT); state technology office (OIT) received the appropriation per StateScoop
• Led by: No chair named in either source. OEDIT report says each working group was led by a council member. Members included Stephanie Copeland (Executive Director, OEDIT) and Sumana Nallapati (State CIO) as of 2018-2019.
• Members: Per OEDIT report (early 2019): 16 appointees including Sen. Stephen Fenberg, Sen. John Tate, Rep. Tracy Kraft-Tharp, Rep. Lang Sias, Erik Voorhees (ShapeShift), Blake Cohen (SALT Lending), Paul Foley, Hannah Parsons (Exponential Impact), Paul Quigley (BlocLab), Sasha Shtern (Zero G Capital), Eric Kintner (Snell & Wilmer), Matthew McClintock, Scott Sanderson, Dan Baer (Colorado Dept. of Higher Education). StateScoop's June 2018 list had 12 members.
• Outputs and timeline: 'Blockchain Council: Report to the Community' (OEDIT, undated, references January 2019; PDF). Recommended the Colorado Digital Token Act (introduced January 2019), a crypto tax fairness act, a FinTech point of contact, a possible sandbox and a blockchain court pilot. Meeting agendas/minutes on OEDIT site (Oct 9, 2018 minutes; Mar 14, 2019 agenda). Member terms were reported to expire June 30, 2019.

Sources: OEDIT: Blockchain Council Report to the Community (PDF), StateScoop: Colorado appoints 12 members to blockchain council (June 2018), OEDIT: Council meeting minutes 10/9/2018 (PDF, seen in search results, not opened), OEDIT: Council agenda 3/14/2019 (PDF, seen in search results, not opened)

No current (2025-2026) Colorado task force found in searches of task force/working group/commission plus Colorado blockchain/crypto terms. The 2018-2019 council appears to have concluded by mid-2019; no later reports located.

Bitcoin or digital asset reserve law None found

No Colorado state bitcoin/digital-asset reserve or investment-of-state-funds bill found for 2025-2026. A tracker page (bitcoinlaws.io) names no Colorado reserve bills; one search of 2026 Colorado legislation for reserve or digital assets bills returned nothing Colorado-specific. Not checked against leg.colorado.gov bill search directly.

Sources: bitcoinlaws.io Colorado tracker (secondary)

Licensing Confirmed

Colorado's Money Transmission Modernization Act (HB 25-1201, effective Aug. 6, 2025) repealed and reenacted the Money Transmitters Act. Division of Banking interim guidance (Dec. 18, 2025) says non-stablecoin virtual currency is generally not 'money' or 'stored value', so ordinary crypto transmission/sale does not require an MTMA license; payment stablecoins are treated as stored value and need a license unless the issuer is a federally qualified issuer under the GENIUS Act. The guidance is not a statute amendment and may be changed or withdrawn. Earlier 2018 law HB18-1426 also provided a virtual currency exemption (not re-verified against current text). The 2019 Colorado Digital Token Act provides securities-law exemptions for certain tokens (secondary sources only).

Sources: Colorado Division of Banking: Interim Regulatory Guidance on Virtual Currency and the MTMA (Dec. 18, 2025), HB18-1426 Virtual Currency Exemption Money Transmitters Act (seen in search results), Colorado Digital Token Act overview (The Block, secondary)

Crypto kiosks (ATMs) Confirmed

SB 25-079, the Colorado Vending of Digital Assets Act, signed June 2, 2025 (Ch. 341), effective Jan. 1, 2026. Daily limits: $2,000 for new customers (under 7 days), $10,500 for existing customers. Requires on-screen risk and fraud warnings, itemized disclosures, electronic receipts, and a full operator-paid refund of a customer's first transaction sent outside the U.S. if fraud is reported to the operator and a government/law enforcement agency within 60 days. Text reviewed does not address registration or licensing of kiosk operators (Division guidance says non-stablecoin kiosk operators are not subject to MTMA licensing).

Sources: Colorado General Assembly: SB25-079 bill page, Session Law Ch. 341 (2025) (PDF), Axios Denver: Colorado puts limits on bitcoin ATMs (June 25, 2025)

Other 2025 to 2026 actions

• 2025-08-06: Money Transmission Modernization Act (HB 25-1201) took effect, replacing the prior Money Transmitters Act; relevant to how virtual currency and payment stablecoins are treated for licensing.
• 2025-12-18: Division of Banking issued interim guidance on virtual currency and the MTMA (see licensing).
• 2025-06-04: HB 25-1224 (Revised Uniform Unclaimed Property Act modifications) listed as enacted June 4, 2025 by a crypto bill tracker. Reported only; the crypto-specific content of the bill was not verified.

Sources: Division of Banking interim guidance (Dec. 18, 2025), Interim guidance PDF, bitcoinlaws.io Colorado tracker (secondary)

Source notes: Task force information dates from 2018-2019; no chair was named in sources and bill/EO basis for creation is unresolved (StateScoop vs OEDIT wording). HB 25-1224 relevance unverified. Colorado AG: one search for 2025-2026 crypto kiosk enforcement returned no Colorado-specific action. Also not checked: whether any referendum petition affected SB 25-079 (Division guidance of Dec. 2025 treats it as effective Jan. 1, 2026).