S.Amdt. 2251

SA 2251. Mr. REED 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 end the following:

SEC. ___. ACQUISITION AND DISPOSITION OF DIGITAL ASSETS.

(a) In General.--No funds shall be used to acquire
additional digital assets, other than in connection with
criminal or civil asset forfeiture proceedings or in
satisfaction of any civil money penalty imposed by any
agency.
(b) Disposition.--The Secretary of the Treasury and the
Attorney General shall dispose of any digital assets in the
Department of the Treasury Forfeiture Fund and the Department
of Justice Assets Forfeiture Fund, respectively, in a
reliable and predictable manner over time in order to--
(1) be returned to identifiable and verifiable victims of
crime;
(2) be used for law enforcement operations;
(3) be equitably shared with State and local law
enforcement partners; or
(4) for any other purpose described in section 9705 of
title 31, United States Code, section 524(c) of title 28,
United States Code, section 981 of title 18, United States
Code, or section 511 of the Controlled Substances Act (21
U.S.C. 881).
(c) Reports.--The reports to Congress described in 9705 of
title 31, United States Code, and section 524(c) of title 28,
United States Code, shall include a report on the time
horizons over which the Secretary and the Attorney General
anticipate disposing of digital assets in the Funds.
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