An Act providing for collateral requirements for virtual currency lenders and for segregation of funds; and imposing penalties.

This bill defines "digital consumer assets" as digital items used for personal consumption, such as accessing goods or services, and clarifies that the financial regulations apply only to digital assets used for financial purposes. It establishes rules requiring virtual currency lenders to set collateral requirements and keep customer funds separate from their own money. The legislation also introduces penalties for failing to comply with these new financial safeguards.