Maine: Crypto Task Force and Legislation

Task force: Proposed onlyReserve: None foundKiosks: Law

Task force or study body Confirmed

Commission to Study the Impact of Blockchain Technology and Cryptocurrency on Maine's Economy and the Risks of Fraud and Theft to Maine Consumers (LD 1286; not established) (proposed, not established) · Proposed, not established

• Created by: LD 1286 (SP 515), a resolve of the 132nd Legislature, referred to the Health Coverage, Insurance and Financial Services Committee Mar. 25, 2025. The committee voted Ought to Pass as Amended May 1, 2025, and both chambers adopted Committee Amendment C-A (S-240), which added an emergency preamble and moved the report date from Dec. 3, 2025 to Jan. 1, 2026. The Senate and House passed it to be engrossed June 3-4, 2025 and the House finally passed it as an emergency measure June 9, 2025, but the Senate carried it over on June 25, 2025 under Joint Order SP 800 and it died in the Senate's possession at adjournment on Apr. 29, 2026. It was never enacted, so no commission was created.
• Organized by: Not applicable. Sponsor: Sen. Richard Bradstreet (with co-sponsors Archer, Collins, Flynn, Foley and Haggan, per bitcoinlaws.io).
• Led by: Not applicable (never constituted).
• Members: As amended, a 14-member body: two senators and two representatives (one from each of the two largest parties in each chamber), a blockchain academic, an in-state cryptocurrency company representative, a financial institution representative, a national blockchain/crypto expert, a consumer representative with expertise in financial exploitation of adults, a federal securities law expert, a Department of Economic and Community Development representative, the Superintendent of Consumer Credit Protection (or designee), the Securities Administrator (or designee), and the State Tax Assessor (or designee).
• Outputs and timeline: None. Had it been enacted, it would have studied national and Maine use of blockchain and crypto, NFTs, and fraud and theft incidence, and produced recommendations for a regulatory and taxation framework.

Sources: Maine Legislature: LD 1286 status page, Maine Legislature: LD 1286 Committee Amendment C-A (S-240) text, bitcoinlaws.io: LD 1286 history (secondary)

Commission to Study the Taxation of Digital Assets (LD 1475; not established) (proposed, not established) · Proposed, not established

• Created by: LD 1475 (HP 967), a 2025 resolve referred to the Taxation Committee Apr. 8, 2025; reported Ought Not to Pass May 20, 2025; final disposition May 21, 2025.
• Organized by: Not applicable. Sponsor not shown on the legislature page (earlier research reported Rep. Grayson Lookner).
• Led by: Not applicable.
• Members: Not applicable (10 members were proposed per an earlier source).
• Outputs and timeline: None.

Sources: Maine Legislature: LD 1475 status page

Blockchain Technology Working Group (LD 909, 2019; not established) (proposed, not established) · Proposed, not established

• Created by: LD 909 (129th Legislature), a resolve directing the Commissioner of Economic and Community Development to establish a working group; Ought Not to Pass, final disposition Apr. 23, 2019.
• Organized by: Not applicable.
• Led by: Not applicable.
• Members: Not applicable.
• Outputs and timeline: None.

Sources: Maine Legislature: LD 909 status page

Resolved: no Maine study body on blockchain or digital assets exists as of Nov. 2026. All three proposals (LD 909, LD 1286, LD 1475) failed. The only statutory crypto-related reporting duty we found is the Superintendent of Consumer Credit Protection's report to the Health Coverage, Insurance and Financial Services Committee, due Feb. 1, 2026, on protecting kiosk customers from fraud (in LD 1339). We have not located that report.

Bitcoin or digital asset reserve law Reported

We found no Maine bitcoin or digital-asset reserve or state-fund crypto investment bill in the 132nd Legislature (2025-26). Our 2026 search for Maine crypto bills surfaced only the study commission and kiosk measures. This is a negative finding from tracker and search results rather than a complete review of the legislature's bill list.

Sources: bitcoinlaws.io - Maine (secondary)

Licensing Confirmed

Maine licenses virtual currency businesses as money transmitters under the Maine Money Transmission Modernization Act (Title 32, ch. 79-A), administered by the Bureau of Consumer Credit Protection within the Department of Professional and Financial Regulation. Title 32 sec. 6100-QQ provides that no person may engage in virtual currency business activity unless licensed by the administrator or exempt; a licensee is treated as engaged in money transmission. Orrick reports that the Act (LD 2112, signed Apr. 22, 2024) took effect July 16, 2024 and defines virtual currency business activity to include exchanging, transferring, storing and administering virtual currency. The statute text cites PL 2023, c. 662. Licensing is through NMLS (per the bureau's 2026 registration law). In January 2026 the Bureau announced a $1.9 million consent agreement with Bitcoin Depot over kiosk activity; Orrick reports it alleged unlicensed money transmission, and the Bureau licensed the company through Dec. 31, 2026 on conditions, including compliance with MMTMA Advisory Ruling #1 on consumer ownership and control of wallets. Maine's Office of Securities is separate; we found no crypto-specific licensing role for it, though it is represented on the proposed (unenacted) commission.

Sources: Maine Revised Statutes Title 32 sec. 6100-QQ, Orrick: Maine enacts Money Transmission Modernization Act (May 2024), Maine BCCP press release: Bitcoin Depot consent agreement (Jan. 5, 2026), Orrick: Maine settlement with kiosk operator (Jan. 9, 2026)

Crypto kiosks (ATMs) Confirmed

LD 1339 (SP 553), 'An Act to Regulate Virtual Currency Kiosks,' became Public Law 2025, chapter 285, signed June 12, 2025 as an emergency measure (effective on approval). It adds a kiosk subchapter to Title 32 (secs. 6163-6170-B per the legislature page). Operators must be licensed money transmitters under the Money Transmission Modernization Act and report kiosk locations to the Bureau; keep transaction records at least three years; present risk and exchange-rate disclosures before each transaction; and not accept or dispense more than $1,000 per customer per day. Fees may not exceed the greater of $5 or 3% of the transaction value. Customers may get paper or electronic receipts, and operators must refund full amounts including fees for transactions within 90 days of a customer's first transaction when the customer was induced by fraud or an unfair, deceptive or abusive practice (sworn report required within a year). Customer waivers are void, and the administrator must adopt information security rules. The Superintendent was to report to the Legislature by Feb. 1, 2026. A follow-up law, LD 1998 (SP 811, Public Law 2025 chapter 542, signed Mar. 3, 2026), lets certain cash-dispensing machines be registered through NMLS and bars using them as virtual currency kiosks unless the operator is a licensed money transmitter; Orrick reports it raises the daily noncompliance fine from $5 to $25 and takes effect 90 days after adjournment.

Sources: Maine Legislature: LD 1339 status page (Public Law ch. 285), Maine Legislature: Chapter 285 text (PDF), Maine Legislature: LD 1998 status page (Public Law ch. 542), Orrick: Maine cash-dispensing machine law (Mar. 13, 2026)

Industry groups (non-governmental)

• Stand With Crypto Maine chapter: Sponsors a 'Blockchain Maine - Policy Edition' meetup in Portland, hosted by Whit Richardson, Jimmy Haight and Burak Sezen (event page, undated, listed as past). We found no Maine blockchain council or association and no evidence of NABA membership. We found no source saying Maine follows The Digital Chamber's model task force bill.

Sources: Blockchain Maine event page

Other 2025 to 2026 actions

• 2025-06-12: Gov. signed LD 1339 as emergency law (PL 2025 ch. 285): licensing, $1,000 daily limit, fee cap, refunds and disclosures for crypto kiosks.
• 2026-01-05: Bureau of Consumer Credit Protection announced a $1.9 million consent agreement with Bitcoin Depot for Maine consumers defrauded through its kiosks; the company was licensed through Dec. 31, 2026 on conditions.
• 2026-03-03: LD 1998 enacted (PL 2025 ch. 542): certain cash-dispensing machines registered through NMLS and barred from use as crypto kiosks unless the operator is a licensed money transmitter.

Sources: Maine Legislature: LD 1339, Chapter 285 text, BCCP press release, Orrick summary, Maine Legislature: LD 1998, Orrick

Source notes: Maine legislature bill status pages were read directly for LD 1339, LD 1286, LD 1475, LD 909 and LD 1998. The chamber-status page (roll calls) and the Superintendent's Feb. 2026 kiosk report were not accessible or located. Session-law numbers for LD 2112 are given as stated in the statute text (PL 2023, c. 662) and Orrick; we did not open the session law itself. Leader information is not applicable because no body exists.