[Congressional Record Volume 171, Number 93 (Monday, June 2, 2025)]
[Senate]
[Pages S3180-S3181]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2286. Mr. CRUZ submitted an amendment intended to be proposed by 
him to the bill S. 1582, to provide for the regulation of payment 
stablecoins, and for other purposes; which was ordered to lie on the 
table; as follows:

       At the appropriate place, insert the following:

[[Page S3181]]

  


     SEC. ___. PROHIBITION ON RESTRICTING TRANSACTIONS USING SELF-
                   CUSTODIAL SOFTWARE INTERFACES.

       (a) Definition.--In this section, the term ``covered 
     office'' means--
       (1) the Department of the Treasury;
       (2) an appropriate Federal banking agency;
       (3) the Board;
       (4) the Comptroller;
       (5) the Corporation; or
       (6) a primary Federal payment stablecoin regulator.
       (b) Prohibition.--No covered office may prohibit, restrict, 
     or otherwise impair the ability of a person to conduct a 
     transaction that--
       (1) is for that person's own and otherwise lawful purposes; 
     and
       (2) uses self-custodial software or hardware.
                                 ______