Amendment · S.Amdt. 2327· Senate(119-SAMDT-2327)

S.Amdt. 2327

Age: 77 years

Massachusetts

Introduced: 6/9/2025
Sponsored by: Elizabeth Warren
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

As folks down at the Capitol keeping an eye out for everyday Americans, let's break down what Ms. Warren is trying to do with this amendment. The text shows this was submitted to be proposed for the bill S. 1582, which is all about regulating payment stablecoins.

What It Aims to Change and Add

This amendment makes a few specific changes to the text of the bill:

It replaces parts of the bill to add a clear definition for a digital asset service provider.
It clarifies that a digital asset service provider is someone doing business in the United States for profit or compensation by doing things like exchanging digital assets for money or other digital assets, transferring them, acting as a custodian, or helping with financial services for digital asset issuance.
It strikes out the phrase for a digital asset service provider in specific lines on page 14 of the bill.
It strikes out the phrase for any digital asset service provider in other specific lines on page 14 of the bill.