SB 25-079: Colorado Vending of Digital Assets Act

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

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

Sponsors by party (alphabetical): Democratic 10 · Republican 2

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. June 2, 2025Governor Signed
2. May 2, 2025Signed by the Speaker of the House
3. May 2, 2025Sent to the Governor
4. May 1, 2025Signed by the President of the Senate
5. April 28, 2025Senate Considered House Amendments - Result was to Concur - Repass
6. April 25, 2025House Third Reading Passed - No Amendments
7. April 24, 2025House Third Reading Laid Over Daily - No Amendments
8. April 23, 2025House Second Reading Special Order - Passed with Amendments - Committee
9. April 21, 2025House Second Reading Laid Over Daily - No Amendments
10. April 17, 2025House Second Reading Laid Over to 04/21/2025 - No Amendments
11. April 16, 2025House Second Reading Laid Over Daily - No Amendments
12. April 14, 2025House Committee on Finance Refer Amended to House Committee of the Whole

Showing 12 most recent of 19 actions. Full history