Not adopted
This amendment was never taken up, and the bill finished without it. It was never voted on.
Its path through Congress
- Introduced
- Pending Consideration
- Failed
What this amendment would do
This amendment would change how sanctions and enforcement actions apply to certain digital assets and platforms.
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It would establish that a payment stablecoin denominated in United States dollars is considered property subject to the jurisdiction of the United States, regardless of where it is located.
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It would amend the International Emergency Economic Powers Act to include rules for digital asset platforms.
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Under this amendment, a digital asset platform is considered subject to the jurisdiction of the United States if the Secretary of the Treasury determines the platform performs functions of a digital asset platform in interstate commerce, meaning trade or business that crosses state lines.
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A digital asset platform is defined as any person the Secretary determines facilitates the exchange, purchase, sale, custody, transfer, issuance, or lending of digital assets, makes available a service connected to digital asset transactions, or controls a person engaged in those activities.
- 5/21/2025
- Senate amendment submitted
This bill has no cosponsors