Elizabeth Warren (D-MA)

S.Amdt. 2327

S.Amdt. 2327 · 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

This amendment would change the definition of a digital asset service provider in the bill.

  • The amendment defines a digital asset service provider as a person that engages in specific businesses in the United States for compensation or profit.
  • These businesses include exchanging digital assets for money, exchanging digital assets for other digital assets, and transferring digital assets to a third party.
  • The definition also includes those acting as a digital asset custodian, which means holding or looking after digital assets for others.
  • It further includes those participating in financial services related to the issuance of digital assets.
  • The amendment also removes specific phrases from page 14 of the bill.