# Alabama HB259: Stablecoin; license required for issuance or sale of stablecoins, Alabama Securities Commission to enforce and authorize, penalties provided Alabama HB259, Stablecoin; license required for issuance or sale of stablecoins, Alabama Securities Commission to enforce and authorize, penalties provided, is a 2026 Regular Session House bill sponsored by Mike Shaw (Republican); status enacted, last action 2026-04-06 (Enacted) (as of 2026-10-19). - Canonical: https://policyrisk.com/state-bill/AL-HB259-2026rs - As of: 2026-10-19 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Alabama HB259 - State: Alabama - Session: 2026 Regular Session - Title: Stablecoin; license required for issuance or sale of stablecoins, Alabama Securities Commission to enforce and authorize, penalties provided - Status: enacted - Chamber: House - Introduced: 2026-01-15 - Last action: 2026-04-06, Enacted - Sponsor: Mike Shaw (Republican) - Cosponsors: 0 - Subjects: Consumer Protection - Touches household money: no - Roll calls: 6 (387 yes, 8 no in all) - Economic provisions PRIA read: 8 ## Summary No summary available. ## Bill overview: provisions PRIA read - Stablecoin holders get priority reserve claims: benefit, medium. If an Alabama-approved issuer becomes insolvent, its stablecoin holders have priority claims against the required reserves. Holders share that priority proportionally with other stablecoin holders, ahead of the issuer and other claimants. The priority covers only losses directly from holding that i… - Safer systems for state stablecoin payments: benefit, low. The Commission must make rules for securely processing payment stablecoins through state systems. The rules must cover links to state accounting and payment systems, security, and fraud prevention. They must also provide educational material about stablecoin use. - Stablecoin fraud and unlicensed activity become felonies: cost, low. Knowing stablecoin fraud, including material false statements or omissions in offers, sales, or purchases, is a Class B felony. Intentionally making false required filings or records is a Class C felony. Intentional unlicensed activity is a Class C felony when compensation exceeds $5,000 in a 30-da… - New limits on Alabama stablecoin sales: cost, low. Beginning October 1, 2026, only permitted issuers can issue payment stablecoins in Alabama. Permitted issuers include approved federal banking entities, federally approved nonbank firms, and state-approved issuers. Beginning July 18, 2028, digital asset providers can offer or sell Alabama residents… - Stablecoin issuers face compliance and examination costs: cost, low. Alabama-approved issuers must follow the named federal requirements and rules implementing the GENIUS Act. They must certify their anti-money-laundering and sanctions programs within 180 days after application approval, then every year. These programs must address money laundering and terrorist fin… - Stablecoin records stay private with public reporting: mixed, low. Covered applicant, licensee, and examination or investigation records are confidential and generally unavailable through Alabama public-record requests. The Commission can share them with state or federal agencies that promise confidentiality in writing. It can publish licensee lists and combined f… - Stablecoin violations bring repayment orders and fines: mixed, low. The Commission can suspend or revoke licenses for fraud, unsafe practices, insolvency, failure to cooperate, and other listed grounds. It can stop violations, appoint a receiver or conservator, order repayment or return of improper gains, and seek court injunctions. Civil fines can reach $100,000 p… - Stablecoin issuers get one licensing framework: mixed, low. Beginning October 1, 2026, the Alabama Securities Commission runs the state's stablecoin licensing system. It reviews financial strength, leadership, certain officer or director felony convictions, redemption plans, and safe business practices. It must decide on a substantially complete application… ## Sponsors and cosponsors - Sponsor: Mike Shaw (Republican), House ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2026-03-31 | Senate | Petition To Close Debate- Adopted Roll Call 1002 | pass | 26 | 7 | | | 2026-03-31 | Senate | Third Reading in Second House | pass | 33 | 0 | | | 2026-03-31 | Senate | Motion to Read a Third Time and Pass - Adopted Roll Call 1003 | pass | 34 | 0 | | | 2026-03-10 | House | Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 846 | pass | 97 | 1 | 3 | | 2026-03-10 | House | Third Reading in House of Origin | pass | 97 | 0 | 3 | | 2026-03-10 | House | Motion to Adopt - Adopted Roll Call 845 | pass | 100 | 0 | 4 | ## Actions (24) - 2026-04-06: Enacted (House) - 2026-03-31: Third Reading in Second House (Senate) - 2026-03-31: Petition To Close Debate- Adopted Roll Call 1002 (Senate) - 2026-03-31: Motion to Read a Third Time and Pass - Adopted Roll Call 1003 (Senate) - 2026-03-31: Ready to Enroll (House) - 2026-03-31: Enrolled (House) - 2026-03-31: Delivered to Governor (House) - 2026-03-31: Signature Requested (Senate) - 2026-03-31: Delivered to Governor (House) - 2026-03-17: Reported Out of Committee Second House (Senate) - 2026-03-17: Read for the Second Time and placed on the Calendar (Senate) - 2026-03-11: Read for the first time and referred to the Senate Committee on Fiscal Responsibility and Economic Development (Senate) - 2026-03-11: Pending Committee Action in Second House (Senate) - 2026-03-10: Third Reading in House of Origin (House) - 2026-03-10: Financial Services 1st Substitute Offered (House) - 2026-03-10: Motion to Adopt - Adopted Roll Call 845 (House) - 2026-03-10: Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 846 (House) - 2026-03-10: Ledbetter intended to vote "Yea" (House) - 2026-03-10: Engrossed (House) - 2026-03-05: Read for the Second Time and placed on the Calendar (House) - 2026-03-04: Financial Services 1st Substitute (House) - 2026-03-04: Reported Out of Committee House of Origin (House) - 2026-01-15: Read for the first time and referred to the House Committee on Financial Services (House) - 2026-01-15: Pending Committee Action in House of Origin (House) ## Bill text - As Introduced: [PDF](https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/HB259-int.pdf) - Engrossed: [PDF](https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/HB259-eng.pdf) - Enrolled: [PDF](https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/HB259-enr.pdf) ## Related bills - HB67: Voter Information; limit cost of reproducing voter registration list; crime for misuse of personal voter information; created (enacted) - SB154: State employees, cost-of-living increase for fiscal year beginning October 1, 2026 (enacted) - SB165: Elections; municipal elections, to set qualification fee amounts, to require indigent candidates to submit documentation for fee exemption (enacted) - HB317: Firefighter distinctive license plate; fire chaplains included, penalty for violations provided for (enacted) - SB272: Open Records; use of public records relating to schools for certain solicitation purposes prohibited; redaction of certain information relating to financial tr… (enacted) - SB190: Sales Tax; to exempt Precision Ocular (enacted) ## Sources - [As Introduced (PDF)](https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/HB259-int.pdf) - [Engrossed (PDF)](https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/HB259-eng.pdf) - [Enrolled (PDF)](https://alison.legislature.state.al.us/files/pdf/SearchableInstruments/2026RS/HB259-enr.pdf) ## Related - [HB67: Voter Information; limit cost of reproducing voter registration list; crime for…](https://policyrisk.com/state-bill/AL-HB67-2026rs) - [SB154: State employees, cost-of-living increase for fiscal year beginning October 1, 2…](https://policyrisk.com/state-bill/AL-SB154-2026rs) - [SB165: Elections; municipal elections, to set qualification fee amounts, to require in…](https://policyrisk.com/state-bill/AL-SB165-2026rs) - [HB317: Firefighter distinctive license plate; fire chaplains included, penalty for vio…](https://policyrisk.com/state-bill/AL-HB317-2026rs) - [SB272: Open Records; use of public records relating to schools for certain solicitatio…](https://policyrisk.com/state-bill/AL-SB272-2026rs) - [SB190: Sales Tax; to exempt Precision Ocular](https://policyrisk.com/state-bill/AL-SB190-2026rs) - [Alabama bills](https://policyrisk.com/states/alabama/bills) - [Alabama state hub](https://policyrisk.com/states/alabama) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/AL-HB259-2026rs (as of 2026-10-19).