SSB 1142: Relating to digital financial asset transaction kiosks

What it does

This bill relates to digital financial asset transaction kiosks. “Digital financial asset transaction kiosk” (kiosk) is defined in the bill. Under the bill, an operator shall not, via a kiosk, accept from, or dispense to, a consumer more than $1,000 per day. “Operator” is defined in the bill. An operator shall not collect charges from a consumer related to a digital financial asset transaction that exceed the greater of $5 or percent of the United States currency equivalent of digital financial assets involved in the transaction.

Senate subcommittee · named February 18, 2025

• Sen. Charlie McClintock (R) · charlie.mcclintock@legis.iowa.gov
• Sen. Liz Bennett (D) · liz.bennett@legis.iowa.gov
• Sen. Dave Sires (R) · dave.sires@legis.iowa.gov

Lobbying · 5 for, 2 against

For: AARP Iowa; Community Bankers of Iowa; Fareway Stores, Inc.; Iowa Bankers Association; Iowa State Sheriffs' & Deputies' Association

Against: Bitcoin Depot Operating, LLC; CoinFlip

In plain words

1. February 18, 2025Filed in the Senate and sent to the Technology committee
2. February 18, 2025Senate subcommittee named: McClintock, Bennett and Sires
3. February 19, 2025Subcommittee recommended passing it
4. February 25, 2025Approved by the Senate committee, and given a new number: SF 449