Senate File 2296 S-5042 Amend Senate File 2296 as follows: 1 1. Page 1, before line 1 by inserting: 2 < Section 1. Section 533C.1004, subsection 1, paragraph a, 3 subparagraph (2), Code 2026, is amended to read as follows: 4 (2) The difference between the current market price of a 5 digital financial asset on a licensed digital financial asset 6 exchange prevailing market value of a digital financial asset 7 at the time of a transaction and the price of the digital 8 financial asset charged to a consumer. 9 Sec. ___. Section 533C.1004, subsection 1, paragraphs c and 10 d, Code 2026, are amended to read as follows: 11 c. (1) “Digital financial asset” means a virtual digital 12 representation of value or rights that can be transferred, 13 stored, or traded electronically and used for payment or 14 investment purposes is used as a medium of exchange, unit of 15 account, or store of value, and is not money, whether or not 16 denominated in money . 17 (2) “Digital financial asset” does not include any of the 18 following: 19 (a) A transaction in which a merchant grants, as part of an 20 affinity or rewards program, value that cannot be taken from 21 or exchanged with the merchant for money, bank credit, or a 22 digital financial asset. 23 (b) A digital representation of value issued by or on behalf 24 of a publisher and used solely within an online game, game 25 platform, or family of games sold by the same publisher or 26 offered on the same game platform. 27 d. “Digital financial asset transaction kiosk” means an 28 electronic terminal acting as a mechanical agent of an operator 29 to enable the operator to facilitate the exchange of a digital 30 financial asset for money, bank credit, or other digital 31 financial asset, including but not limited to any of the 32 following: 33 (1) By connecting directly to a separate licensed digital 34 financial asset exchange that performs the digital financial 35 -1- SF 2296.2605 (2) 91 lh/jh 1/ 3 #1.

asset transaction. 1 (2) By drawing upon a digital financial asset in the 2 possession of the operator that enables a digital financial 3 asset kiosk operator to facilitate the exchange of digital 4 financial assets for money, bank credit, or other digital 5 financial assets . 6 Sec. ___. Section 533C.1004, subsection 1, paragraph f, 7 Code 2026, is amended by striking the paragraph. 8 Sec. ___. Section 533C.1004, Code 2026, is amended by adding 9 the following new subsection: 10 NEW SUBSECTION . 1A. License required. Any digital 11 financial asset kiosk operator who owns, operates, solicits, 12 markets, advertises, or facilitates a digital financial asset 13 kiosk in this state shall be deemed to be engaged in the 14 business of money transmission and must obtain a license under 15 section 533C.301. 16 Sec. ___. Section 533C.1004, subsection 3, paragraph b, 17 Code 2026, is amended to read as follows: 18 b. Fifteen percent of the United States currency equivalent 19 of the digital financial assets involved in the digital 20 financial asset transaction according to the public quoted 21 market price of the digital financial asset on a licensed 22 digital financial asset exchange prevailing market value of 23 such digital financial asset at the date and time the consumer 24 initiates the digital financial asset transaction. 25 Sec. ___. Section 533C.1004, subsection 5, paragraph e, 26 Code 2026, is amended to read as follows: 27 e. (1) The dollar amount of all charges collected by 28 the operator in relation to the digital financial asset 29 transaction. 30 (2) The legal name of the licensed digital financial asset 31 exchange the operator used to calculate the charges described 32 in subsection 1 , paragraph “a” , subparagraph (2). 33 Sec. ___. Section 533C.1004, subsection 6, Code 2026, is 34 amended to read as follows: 35 -2- SF 2296.2605 (2) 91 lh/jh 2/ 3

6. Required report. An operator shall provide a list to 1 the division of banking of the street address locations of all 2 digital financial asset transaction kiosks that the operator 3 owns, operates, or manages in this state report to the division 4 of banking the location of each digital financial asset 5 transaction kiosk that the operator owns, operates, or manages 6 within this state as an authorized delegate pursuant to section 7 533C.603 . An operator shall provide the division with updates 8 to the list within thirty calendar days of any change to the 9 list. The division shall make each operator’s list available 10 to the public via the division’s internet site. 11 Sec. ___. Section 533C.1004, subsection 7, paragraph a, 12 Code 2026, is amended by striking the paragraph. > 13 2. Page 1, line 14, by striking < paragraph “b” , > 14 3. By renumbering as necessary. 15 ______________________________ CHARLIE McCLINTOCK -3- SF 2296.2605 (2) 91 lh/jh 3/ 3 #2. #3.