← Indiana · All 50 states · Kansas →
Task force or study body None found
No digital assets, blockchain or crypto task force, commission or study committee found. We searched: We looked for an Iowa task force, study committee, working group or interim legislative committee on blockchain, virtual currency or digital assets, including any State Treasurer or Division of Banking initiative. We reviewed the Legislature's pages and bill text for HF 246, SF 403, SF 449 and SF 2296, the Division of Banking's kiosk guidance, and press coverage of Iowa's bills. None creates or refers to a task force or study committee, and we found no Iowa interim study committee on these topics. The Legislature's own bill-history pages did not display action histories when read, so we cannot rule out a committee that is not reflected in the bill text or press.
Absence of evidence only. SF 2296 notes that its changes were suggested by the Attorney General and the Division of Banking, which is an agency consultation, not a standing body. No source says Iowa follows The Digital Chamber's model task force bill.
Bitcoin or digital asset reserve law Reported
HF 246 (Rep. Taylor Collins) and its Senate companion SF 403 (Sen. Sires), both titled the Inflation Protection Act, would let the State Treasurer invest up to 5% of the general fund, cash reserve fund or economic emergency fund in precious metals, stablecoins and digital assets with an average market cap above $750 billion. The bills never name bitcoin and are permissive, not a mandate. The introduced text of each is on the Legislature's site (primary). Secondary trackers show HF 246 was referred to House State Government on Feb. 6, 2025, and a House subcommittee (Collins, Bossman, Cooling) recommended passage on Feb. 26, 2025; SF 403's Senate subcommittee (Rozenboom, Bisignano, Schultz) was assigned Feb. 24, 2025. We found no later action on either, and no evidence either was enacted. LegiScan labels HF 246 'died in committee' while also listing it as pending, and CryptoSlate (verified June 11, 2026) lists both as in committee. The Legislature's bill-history pages did not display actions, so we could not confirm final status from the official record. We treat both as stalled, not enacted.
Sources: HF 246 introduced text (Iowa Legislature), SF 403 introduced text (Iowa Legislature), LegiScan HF 246 history (secondary), CryptoSlate HF 246 (secondary), CryptoSlate SF 403 (secondary), bitcoinlaws.io Iowa list (secondary)
Licensing Confirmed
The Iowa Division of Banking holds that virtual currency is 'monetary value' under the Money Transmitters Act (Iowa Code ch. 533C), so receiving it for transmission requires a money transmission license (guidance letter dated Oct. 22, 2024, posted Oct. 25, 2024). Its July 1, 2025 letter says that under SF 449 anyone engaging in kiosk transactions needs a license under Iowa Code 533C.301, whether or not previously licensed. SF 2296 (2026) writes this into statute: a new subsection 1A of 533C.1004 deems any operator who owns, operates, solicits, markets, advertises or facilitates a kiosk in Iowa to be engaged in money transmission requiring a 533C.301 license. The Division's home page, as read, showed no 2026 guidance on SF 2296; its only kiosk item was the 2024 letter.
Sources: IDOB guidance letter, Oct 22, 2024, IDOB news post, Oct 25, 2024, IDOB guidance letter, July 1, 2025, SF 2296 enrolled text
Crypto kiosks (ATMs) Confirmed
SF 449 (signed May 19, 2025) regulates digital financial asset transaction kiosks: a $1,000 daily limit and a $10,000 first-30-day cap for new consumers, fees capped at the greater of $5 or 15%, fraud refunds for reports within 90 days, disclosures, receipts, blockchain analytics, a compliance officer and Attorney General enforcement. The Division of Banking's July 1, 2025 letter describes the act as effective on signing; earlier summaries cited July 1, 2025 for the kiosk rules, which we have not reconciled. SF 2296 (2026) amended the law and is confirmed from the enrolled text on the Legislature's site: it bases the 15% cap on the asset's prevailing market value when the consumer starts the transaction, narrows the definitions of 'digital financial asset' and 'kiosk', adds the kiosk-operator licensing language, revises kiosk-location reporting to the Division of Banking (30-day updates, public posting, reporting of charges collected), and makes violations of 533C.1004 an unlawful practice under the consumer fraud statute (714.16) with up to $100,000 for violating an injunction. It takes effect on enactment. The Iowa House Republicans' staff analysis says the Senate passed it 44-0 on March 2, 2026, the House Commerce Committee 22-0 on March 19, and the House 95-0 on March 24, with the governor signing May 6, 2026. The enrolled text we read leaves the approval date blank and the legislature page's governor-letter file was not opened, so the May 6 date rests on the House Republicans analysis and CryptoSlate. The bill was introduced by the Committee on Technology (successor to SSB 3086); the introduced version only changed enforcement, and the fee-cap and licensing changes came through Amendment S-5042 by Sen. McClintock.
Sources: SF 2296 enrolled text (primary), SF 2296 introduced text (primary), Amendment S-5042 to SF 2296 (primary), Iowa House Republicans staff analysis of SF 2296, CryptoSlate on SF 2296 (secondary), IDOB guidance on SF 449 (July 1, 2025), Orrick on SF 449 (June 6, 2025)
Other 2025 to 2026 actions
- 2025-05-19: Gov. Reynolds signed SF 449 (kiosk regulation), which passed the Senate 45-2 and House 77-12 (per the earlier record).
- 2026-05-06: SF 2296, amending the kiosk law (market-value fee basis, operator licensing under 533C.301, location reporting, consumer-fraud enforcement), was signed May 6, 2026 per the House Republicans analysis and CryptoSlate. The enrolled text is confirmed on the Legislature's site.
- 2025-02-26: A House subcommittee recommended passage of HF 246 (Inflation Protection Act, Treasurer investment in digital assets and precious metals); no later action found, and companion SF 403 had only a subcommittee assignment.
Sources: IDOB guidance, Orrick, SF 2296 enrolled text, Iowa House Republicans analysis, LegiScan HF 246 (secondary), HF 246 text
Source notes: HF 246 and SF 403 final status rests on secondary trackers (last verified by CryptoSlate June 11, 2026) because the Legislature's bill-history pages did not display actions. SF 2296 contents are primary-confirmed; the May 6, 2026 signing date is secondary. Division of Banking guidance specific to SF 2296 was not found as of November 2, 2026. Industry groups: we found no Iowa-specific blockchain council or association in searches and none is among the eight known NABA members (https://coinspectator.com/coindesk/2025/01/15/eight-u-s-blockchain-lobby-groups-unite-ahead-of-trumps-crypto-friendly-regime/).
Frequently asked
Does Iowa have a crypto or blockchain task force?
We did not find one in Iowa (confidence: None found). A "none found" result is not proof that no body exists, because small study groups are often poorly documented online.
Does Iowa have a bitcoin or digital asset reserve law?
Our research shows the status as unclear (confidence: Reported). HF 246 (Rep. Taylor Collins) and its Senate companion SF 403 (Sen. Sires), both titled the Inflation Protection Act, would let the State Treasurer invest up to 5% of the general fund, cash reserve fund or economic emergency fund in precious metals, stablecoins and digital assets with an average market cap above $750 billion. The bills never name bitcoin and are permissive, not a mandate. The introduced text of each is on the Legislature's site (primary). Secondary trackers show HF 246 was referred to House State Government on Feb. 6, 2025, and a House subcommittee (Collins, Bossman, Cooling) recommended passage on Feb. 26, 2025; SF 403's Senate subcommittee (Rozenboom, Bisignano, Schultz) was assigned Feb. 24, 2025. We found no later action on either, and no evidence either was enacted. LegiScan labels HF 246 'died in committee' while also listing it as pending, and CryptoSlate (verified June 11, 2026) lists both as in committee. The Legislature's bill-history pages did not display actions, so we could not confirm final status from the official record. We treat both as stalled, not enacted.
Does Iowa regulate crypto kiosks (ATMs)?
Our research shows law (confidence: Confirmed). SF 449 (signed May 19, 2025) regulates digital financial asset transaction kiosks: a $1,000 daily limit and a $10,000 first-30-day cap for new consumers, fees capped at the greater of $5 or 15%, fraud refunds for reports within 90 days, disclosures, receipts, blockchain analytics, a compliance officer and Attorney General enforcement. The Division of Banking's July 1, 2025 letter describes the act as effective on signing; earlier summaries cited July 1, 2025 for the kiosk rules, which we have not reconciled. SF 2296 (2026) amended the law and is confirmed from the enrolled text on the Legislature's site: it bases the 15% cap on the asset's prevailing market value when the consumer starts the transaction, narrows the definitions of 'digital financial asset' and 'kiosk', adds the kiosk-operator licensing language, revises kiosk-location reporting to the Division of Banking (30-day updates, public posting, reporting of charges collected), and makes violations of 533C.1004 an unlawful practice under the consumer fraud statute (714.16) with up to $100,000 for violating an injunction. It takes effect on enactment. The Iowa House Republicans' staff analysis says the Senate passed it 44-0 on March 2, 2026, the House Commerce Committee 22-0 on March 19, and the House 95-0 on March 24, with the governor signing May 6, 2026. The enrolled text we read leaves the approval date blank and the legislature page's governor-letter file was not opened, so the May 6 date rests on the House Republicans analysis and CryptoSlate. The bill was introduced by the Committee on Technology (successor to SSB 3086); the introduced version only changed enforcement, and the fee-cap and licensing changes came through Amendment S-5042 by Sen. McClintock.
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.