SB 25-079 CO Became Law
Colorado Vending of Digital Assets Act
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Summary
The act enacts the "Colorado Vending of Digital Assets Act", which requires an owner or operator of a virtual currency kiosk to: Provide certain disclosures to customers of the virtual currency kiosk; Provide each customer with an electronic receipt detailing the customer's virtual currency transaction; and Fully refund a customer's first virtual currency transaction if the virtual currency transaction is to a virtual currency wallet or exchange located outside of the United States and, within 60 days after the virtual currency transaction, the customer contacts the owner or operator of the virtual currency kiosk and a government or law enforcement entity regarding the fraudulent nature of the transaction and submits proof of the fraud. The act establishes a daily transaction limit of $2,000 for a new customer and $10,500 for an existing customer of a virtual currency kiosk. The act defines "virtual currency" as a type of digital unit that is used as a medium of exchange or a form of digitally stored value or that is incorporated into payment system technology. "Virtual currency kiosk" is defined as an electronic terminal acting as a mechanical agent of the owner or operator to enable the owner or operator to facilitate the exchange of virtual currency for other virtual currency or fiat currency. "New customer" is defined as a customer who has been a customer of a virtual currency kiosk for less than 7 days. (Note: This summary applies to this bill as enacted.)
Sponsors (4)
- Janice Rich Republican · primary
- Dylan Roberts Democratic · primary
- Rick Taggart Republican · primary
- Jamie Jackson Democratic · primary
9 coauthors / cosponsors
- N. Hinrichsen Democratic · cosponsor
- C. Kipp Democratic · cosponsor
- J. Bacon Democratic · cosponsor
- J. Joseph Democratic · cosponsor
- S. Lieder Democratic · cosponsor
- J. Mabrey Democratic · cosponsor
- A. Paschal Democratic · cosponsor
- N. Ricks Democratic · cosponsor
- M. Rutinel Democratic · cosponsor
Action history (19)
- Jun 2, 2025 Governor Signed · executive
- May 2, 2025 Sent to the Governor · executive
- May 2, 2025 Signed by the Speaker of the House · lower
- May 1, 2025 Signed by the President of the Senate · upper
- Apr 28, 2025 Senate Considered House Amendments - Result was to Concur - Repass · upper
- Apr 25, 2025 House Third Reading Passed - No Amendments · lower
- Apr 24, 2025 House Third Reading Laid Over Daily - No Amendments · lower
- Apr 23, 2025 House Second Reading Special Order - Passed with Amendments - Committee · lower
- Apr 21, 2025 House Second Reading Laid Over Daily - No Amendments · lower
- Apr 17, 2025 House Second Reading Laid Over to 04/21/2025 - No Amendments · lower
- Apr 16, 2025 House Second Reading Laid Over Daily - No Amendments · lower
- Apr 14, 2025 House Committee on Finance Refer Amended to House Committee of the Whole · lower
- Mar 3, 2025 Introduced In House - Assigned to Finance · lower
- Feb 28, 2025 Senate Third Reading Passed - No Amendments · upper
- Feb 27, 2025 Senate Second Reading Passed with Amendments - Committee, Floor · upper
- Feb 25, 2025 Senate Second Reading Laid Over to 02/27/2025 - No Amendments · upper
- Feb 24, 2025 Senate Second Reading Laid Over Daily - No Amendments · upper
- Feb 19, 2025 Senate Committee on Judiciary Refer Amended to Senate Committee of the Whole · upper
- Jan 23, 2025 Introduced In Senate - Assigned to Judiciary · upper
Full text
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