3AFC8E4802F3AF6A87258C370000F4BE Hearing Summary

PUBLIC
BILL SUMMARY For SB25-079

SENATE COMMITTEE ON JUDICIARY
Date Feb 19, 2025
Location Old Supreme Court

SB25-079 - Amended, referred to the Committee of the Whole

Attachment Tag

File Name

Attachment F

Attachment F.pdf

Attachment G

Attachment G□ SB079_L.001.pdf

Attachment H

Attachment H□ SB079_L.002.pdf

Attachment I

Attachment I□ SB079_L.003.pdf

Attachment J

Attachment J□ SB079_L.004.pdf

05:10:29 PM

Senators Rich and Roberts, co-prime sponsors, presented Senate Bill 25-079, concerning the "Colorado Vending of Digital Assets Act".

The bill sponsors distributed a hand out about crypto currency kiosks (Attachment F).

05:26:29 PM

Mr. Ross Young, representing
Mesa County Sheriff's Office, testified in support of the bill. Tyler Morton,
representing Mesa County Sheriffs Office, testified in support of the bill.
Mr. Michael Blevins, representing Mesa County Sheriff's Office, testified
in support of the bill. Mr. Mark Anderson, representing Mesa County Sheriff's
Office, testified in support of the bill.

05:38:50 PM

Amy Nofziger, representing AARP, testified in support of the bill. Margaret Locke, representing AARP, testified in support of the bill. Eliza Schultz, representing themself, testified in support of the bill. Committee members asked questions about crypto ATMs.

05:52:17 PM

Mr. Kevin Lolli,
representing CoinFlip, testified to amend the bill. Mr. Mark Smalley, representing
Bitcoin Depot, testified to amend the bill. Committee members asked questions
about practices in other states.

06:11:56 PM

Senator Rich explained
Amendment L.001 regarding banking associations and credit unions (Attachment
G).

06:13:19 PM	Motion	Adopt amendment L.001 (Attachment G)
	Moved	Roberts
	Seconded

	Ball
	Carson
	Daugherty
	Frizell
	Roberts
	Weissman
	Gonzales J.
		YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection

06:13:31 PM

Senator Rich explained
Amendment L.002 (Attachment H).

06:13:47 PM	Motion	Adopt amendment L.002 (Attachment H)
	Moved	Roberts
	Seconded

	Ball
	Carson
	Daugherty
	Frizell
	Roberts
	Weissman
	Gonzales J.
		YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection

06:14:01 PM

Senator Roberts explained
Amendment L.003 about kiosk screen warnings (Attachment I).

06:14:44 PM	Motion	Adopt amendment L.003 (Attachment I)
	Moved	Roberts
	Seconded

	Ball
	Carson
	Daugherty
	Frizell
	Roberts
	Weissman
	Gonzales J.
		YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection

06:15:31 PM

Senator Carson explained
Amendment L.004 regarding distinctions between new and existing users
(Attachment J).

06:17:41 PM	Motion	Adopt amendment L.004 (Attachment J)
	Moved	Carson
	Seconded

	Ball	No
	Carson	Yes
	Daugherty	No
	Frizell	Yes
	Roberts	No
	Weissman	No
	Gonzales J.	No
		YES: 2 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: FAIL

06:18:22 PM

The bill sponsors made closing remarks.

06:21:28 PM	Motion	Refer Senate Bill 25-079, as amended, to the Committee of the Whole.
	Moved	Roberts
	Seconded

	Ball	Yes
	Carson	Yes
	Daugherty	Yes
	Frizell	Yes
	Roberts	Yes
	Weissman	Yes
	Gonzales J.	Yes
	Final	YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS

SB25-079 - Amended, referred to the Committee of the Whole

Colorado General Assembly