Consumer protection: other; cryptocurrency kiosks; prohibit the installation and operation of. Creates new act.
Key claim: Senate Bill 980 would prohibit the installation and operation of cryptocurrency kiosks in Michigan under a new consumer-protection act.
Abstract
(SB0980 · 103rd Legislature) Consumer protection: other; cryptocurrency kiosks; prohibit the installation and operation of. Creates new act. Sponsor: Sen. Jeff Irwin (D) + 5 co-sponsors In committee: S Finance, Insurance, And Consumer Protection Latest action (2026-05-19): Referred To Committee On Finance, Insurance, And Consumer Protection
Why this matters
SB 980 opens a Senate front on cryptocurrency kiosk regulation, moving beyond disclosure or licensing frameworks to a full prohibition on installation and operation. For Michigan consumers, this would eliminate a channel frequently associated with scam-driven cash-to-crypto conversions; for operators and host retailers, it would end a revenue stream and require removal of existing machines if enacted.