HawaiiSB 27572025–2026 Regular Session (Year 2)Senate

RELATING TO DIGITAL ASSET CHARTERS.

Sponsored By: Jarrett Keohokalole (Democratic)

Passed

Summary

Establishes within the Department of Commerce and Consumer Affairs' Division of Financial Institutions, beginning 1/1/2027, a digital asset charter program for licensing, regulating, and overseeing digital asset companies and digital asset business activities. Authorizes companies that participated in the Hawaii Digital Currency Innovation Lab to temporarily continue digital asset business activities without a charter in certain circumstances. Appropriates moneys from the compliance resolution fund. Effective 7/1/2050. (SD2)

DCCADFIDigital Asset CompaniesDigital Asset CharterAppropriationCPC, JHA, FIN

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Jarrett Keohokalole

    Democratic • Senate

Cosponsors

  • Stanley Chang

    Democratic • Senate

  • Troy N. Hashimoto

    Democratic • Senate

  • III Richards

    Democratic • Senate

  • Glenn Wakai

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 53 • No: 0

Senate vote 3/10/2026

Senate Floor Vote

Yes: 25 • No: 0

Senate vote 3/4/2026

The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENT...

Yes: 13 • No: 0

Senate vote 3/4/2026

The committee(s) on JDC recommend(s) that the measure be PASSED, WITH AMENDMENT...

Yes: 5 • No: 0

Senate vote 2/6/2026

The committee(s) on LBT recommend(s) that the measure be PASSED, WITH AMENDMENT...

Yes: 5 • No: 0

Senate vote 2/6/2026

The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENT...

Yes: 5 • No: 0

Actions Timeline

  1. The committee(s) on CPC recommend(s) that the measure be deferred.

    3/17/2026House
  2. Pass First Reading

    3/12/2026House
  3. Referred to CPC, JHA, FIN, referral sheet 17

    3/12/2026House
  4. Bill scheduled to be heard by CPC on Tuesday, 03-17-26 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.

    3/12/2026House
  5. Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

    3/10/2026Senate
  6. Received from Senate (Sen. Com. No. 291) in amended form (SD 2).

    3/10/2026House
  7. Reported from WAM/JDC (Stand. Com. Rep. No. 2957) with recommendation of passage on Third Reading, as amended (SD 2).

    3/6/2026Senate
  8. 48 Hrs. Notice 03-10-26.

    3/6/2026Senate
  9. The committee(s) on JDC recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in JDC were as follows: 5 Aye(s): Senator(s) Rhoads, Gabbard, Chang, San Buenaventura, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

    3/4/2026Senate
  10. The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Richards, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

    3/4/2026Senate
  11. The committee(s) on WAM/JDC will hold a public decision making on 03-04-26 10:35AM; Conference Room 211 & Videoconference.

    3/2/2026Senate
  12. Reported from CPN/LBT (Stand. Com. Rep. No. 2274) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/JDC.

    2/17/2026Senate
  13. Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/JDC.

    2/17/2026Senate
  14. The committee(s) on LBT recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in LBT were as follows: 5 Aye(s): Senator(s) Elefante, Lamosao, Ihara, Moriwaki, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

    2/6/2026Senate
  15. The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, Lamosao, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

    2/6/2026Senate
  16. The committee(s) on CPN/LBT has scheduled a public hearing on 02-06-26 10:00AM; Conference Room 229 & Videoconference.

    2/2/2026Senate
  17. Referred to CPN/LBT, WAM/JDC.

    1/30/2026Senate
  18. Passed First Reading.

    1/26/2026Senate
  19. Introduced.

    1/23/2026Senate

Bill Text

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