Elizabeth Warren (D-MA)

S.Amdt. 2316

S.Amdt. 2316 · Senate amendment

A Democratic amendment with no cosponsors

Changes S. 1582 — GENIUS Act

Not adopted

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

Its path through Congress

  1. Introduced
  2. Pending Consideration
  3. Failed

What this amendment would do

  • Defines a key term: The amendment adds a definition for a digital asset service provider to the bill.
  • Sets the rules: It explicitly states that a digital asset service provider is anyone who does business in the United States for a profit or compensation by doing specific crypto-related activities.
  • Covers specific actions: The activities include exchanging digital assets for money or other digital assets, transferring them to someone else, acting as a custodian, or taking part in financial services related to issuing digital assets.