Amendment · S.Amdt. 2286· Senate(119-SAMDT-2286)

S.Amdt. 2286

Age: 56 years

Texas

Introduced: 6/2/2025
Sponsored by: Ted Cruz
Cosponsors: None

Changes bill: 119-S-1582 — GENIUS Act

Introduced
Pending Consideration
Failed

This amendment was never taken up, and the bill finished without it. It was never voted on.

What this amendment would do

Mr. Cruz submitted amendment SA 2286 to the bill S. 1582, which is about regulating payment stablecoins. The text was ordered to lie on the table.

What the Amendment Aims to Do

The amendment aims to add a new section that prohibits certain government offices from stopping folks from handling their own business. Specifically, it stops offices like the Department of the Treasury and federal banking agencies from banning, restricting, or messing with a person's ability to carry out a transaction.

For this protection to apply, the transaction must meet two rules:

It must be for that person's own and otherwise lawful purposes.
It must use self-custodial software or hardware.