Patients Deserve Price Tags Act

Senate Bill

S. 2355

119th Congress

Patients Deserve Price Tags Act

In Committee

Introduced:Jul 17, 2025

Primary Sponsor

Roger Marshall

Senator

Republican

KS

Cosponsors

3

Quick Stats

Policy Area

Finance and Financial Sector

Summary

This bill aims to increase regulation and oversight of the cryptocurrency industry. It would require companies that facilitate cryptocurrency transactions, as well as the backers of cryptocurrency protocols, to comply with anti-money laundering and sanctions requirements. The bill also mandates that virtual currency kiosks (like bitcoin ATMs) verify the identities of the people using them.

Latest Action

Committee on Banking, Housing, and Urban Affairs. Hearings held.

SponsorRoger Marshall (R-KS)

Introduced7/17/2025

StatusRead twice and referred to the Committee on Health, Education, Labor, and Pensions.

ChamberSenate

Data from Congress.gov

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Vote Prediction

Patients Deserve Price Tags Act

This bill aims to increase regulation and oversight of the cryptocurrency industry. It would require companies that facilitate cryptocurrency transactions, as well as the backers of cryptocurrency protocols, to comply with anti-money laundering and sanctions r

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill aims to increase regulation and oversight of the cryptocurrency industry. It would require companies that facilitate cryptocurrency transactions, as well as the backers of cryptocurrency protocols, to comply with anti-money laundering and sanctions requirements. The bill also mandates that virtual currency kiosks (like bitcoin ATMs) verify the identities of the people using them.

Bill Number: 2355
Sponsor: Roger Marshall (R-KS)
Introduced: 7/17/2025
Status: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Policy Area: Finance and Financial Sector

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Patients Deserve Price Tags Act
Bill Number: 2355
Sponsor: Roger Marshall (R-KS)
Status: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Introduced: 7/17/2025
Summary: This bill aims to increase regulation and oversight of the cryptocurrency industry. It would require companies that facilitate cryptocurrency transactions, as well as the backers of cryptocurrency protocols, to comply with anti-money laundering and sanctions requirements. The bill also mandates that

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill aims to increase regulation and oversight of the cryptocurrency industry. It would require companies that facilitate cryptocurrency transactions, as well as the backers of cryptocurrency protocols, to comply with anti-money laundering and sanctions requirements. The bill also mandates that virtual currency kiosks (like bitcoin ATMs) verify the identities of the people using them.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Crypto-Asset National Security Enhancement and Enforcement Act of 2023This bill applies sanctions compliance requirements and anti-money laundering requirements to decentralized finance services. Decentralized finance services are applications that facilitate peer-to-peer digital asset financial transactions using distributed ledger (i.e., blockchain) technology.Specifically, the bill requires certain U.S. persons to comply with sanctions obligations if a violation of sanctions is committed through the use of a digital asset protocol. U.S. persons subject to these requirements are digital transaction facilitators and, in certain circumstances, digital asset protocol backers.Further, digital asset transaction facilitators and digital asset protocol backers are subject to reporting requirements designed to prevent money laundering, including suspicious transaction reporting. Finally, virtual currency kiosks (i.e., digital asset kiosks) must verify and record the identities of the counterparties to a transfer.

Key Points

Main provisions of the bill

Applies anti-money laundering and sanctions compliance requirements to companies that facilitate cryptocurrency transactions
Requires companies that back cryptocurrency protocols to also meet these compliance requirements
Mandates identity verification for users of virtual currency kiosks like bitcoin ATMs

How This Impacts Americans

Potential effects on citizens and communities

If passed, this bill would significantly increase regulatory oversight and compliance costs for many businesses in the cryptocurrency industry. Individuals and companies that use or facilitate cryptocurrency transactions could face more scrutiny and potential penalties. The new requirements could make it more difficult for some people to access and use cryptocurrency services.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Related Subjects

Advanced technology and technological innovations

Computers and information technology

Currency

Digital media

Financial services and investments

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

2355, 119th Congress (2025). "Patients Deserve Price Tags Act". Source: Voter's Right Platform. https://votersright.org/bills/118-s-2355

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