Alabama Stablecoin License Requirement and Penalties
Summary
Alabama enacted HB259 requiring any entity issuing or selling stablecoins within the state to obtain a license from the Alabama Securities Commission. The bill establishes enforcement authority and penalties for non-compliance. The legislation passed unanimously in both the House (97-0) and Senate (33-0) before receiving the Governor's signature.
What changed
HB259 establishes a new licensing requirement for stablecoin issuers and sellers in Alabama, creating a regulatory framework under the Alabama Securities Commission. The bill defines stablecoins as digital tokens designed to maintain a stable value relative to a specified asset or benchmark.
Affected parties include cryptocurrency businesses, fintech companies, financial technology providers, and any organization engaged in issuing or selling stablecoins to Alabama residents. These entities must now obtain state licensing before conducting stablecoin-related business, with the Alabama Securities Commission authorized to enforce compliance and impose penalties for violations.
What to do next
- Identify whether your organization issues or sells stablecoins in Alabama
- Apply for the required license from the Alabama Securities Commission if applicable
- Implement compliance procedures to meet stablecoin licensing requirements
Penalties
Penalties for operating without a license are specified in the bill but specific amounts not detailed in this summary document.
Source document (simplified)
ChangeBridge / Alabama / HB259 Enacted HB259 House Bill Enacted 2026-04-06
Stablecoin; license required for issuance or sale of stablecoins, Alabama Securities Commission to enforce and authorize, penalties provided
Bill Details
State Alabama
Session 2026 Regular Session
Chamber House
Official Source alison.legislature.state.al.us/bill-search
LegiScan View on LegiScan
Sponsors
Mike Shaw (Rep - R)
Action History
2026-04-06 H Enacted 2026-04-06 H Enacted 2026-03-31 H Delivered to Governor 2026-03-31 S Signature Requested 2026-03-31 H Delivered to Governor 2026-03-31 H Enrolled 2026-03-31 H Ready to Enroll 2026-03-31 S Motion to Read a Third Time and Pass - Adopted Roll Call 1003 2026-03-31 S Petition To Close Debate- Adopted Roll Call 1002 2026-03-31 S Third Reading in Second House 2026-03-17 S Read for the Second Time and placed on the Calendar 2026-03-17 S Reported Out of Committee Second House 2026-03-11 S Pending Senate Fiscal Responsibility and Economic Development 2026-03-11 S Read for the first time and referred to the Senate Committee on Fiscal Responsibility and Economic Development 2026-03-10 H Engrossed 2026-03-10 H Ledbetter intended to vote "Yea" 2026-03-10 H Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 846 2026-03-10 H Motion to Adopt - Adopted Roll Call 845 MS7XL1H-1 2026-03-10 H Financial Services 1st Substitute Offered MS7XL1H-1 2026-03-10 H Third Reading in House of Origin 2026-03-05 H Read for the Second Time and placed on the Calendar 2026-03-04 H Reported Out of Committee House of Origin 2026-03-04 H Financial Services 1st Substitute MS7XL1H-1 2026-01-15 H Pending House Financial Services 2026-01-15 H Read for the first time and referred to the House Committee on Financial Services
Votes
2026-03-10 HBIR: Passed by House of Origin Yea: 97 Nay: 0 2026-03-10 Third Reading in House of Origin Yea: 97 Nay: 0 2026-03-10 Motion to Adopt - Roll Call 845 MS7XL1H-1 Yea: 100 Nay: 0 2026-03-10 Motion to Read a Third Time and Pass as Amended - Roll Call 846 Yea: 97 Nay: 1 2026-03-31 SBIR: Passed by Second House Yea: 33 Nay: 0 2026-03-31 Third Reading in Second House Yea: 33 Nay: 0 2026-03-31 Petition To Close Debate- Roll Call 1002 Yea: 26 Nay: 7 2026-03-31 Motion to Read a Third Time and Pass - Roll Call 1003 Yea: 34 Nay: 0
Committee Referrals
2026-01-15 H Financial Services 2026-03-11 S Fiscal Responsibility and Economic Development
Amendments
2026-03-04 House Financial Services Financial Services 1st Substitute
Bill Text Versions
2026-01-15 Introduced 0000-00-00 Engrossed 2026-03-31 Enrolled
Subjects
Consumer Protection Legislative data powered by LegiScan (CC BY 4.0)
Named provisions
Related changes
Source
Classification
Who this affects
Taxonomy
Browse Categories
Get Government General alerts
Weekly digest. AI-summarized, no noise.
Free. Unsubscribe anytime.
Get alerts for this source
We'll email you when Alabama Legislative Events publishes new changes.