Sen. Boozman Introduces Bill to Give CFTC Oversight of Crypto Exchanges and Brokers
A senate committee must act next: committee consideration.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
Small crypto exchanges, brokers, and dealers face new registration requirements, capital minimums, custody rules, and compliance obligations. While de minimis exemptions exist for very small operators, most small businesses in the crypto space will need to invest significantly in compliance infrastructure. On the other hand, clear rules reduce legal uncertainty that has held back many small firms from entering the market.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 355.
The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
The bill was officially filed and given a number. It now enters the legislative queue.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
The Senate Agriculture Committee has advanced the Digital Commodity Intermediaries Act, establishing a federal framework for crypto spot markets. The bill grants the CFTC primary jurisdiction over digital commodity exchanges, brokers, and dealers, while introducing new retail investor protections.
The Digital Commodity Intermediaries Act (S. 3755), introduced by Sen. John Boozman, was reported out of the Senate Committee on Agriculture, Nutrition, and Forestry. The bill seeks to create a federal registration regime for digital asset intermediaries under the CFTC.
The Senate Committee on Agriculture advanced the Digital Commodity Intermediaries Act, which would grant the CFTC primary oversight of digital commodities like bitcoin. The bill requires platforms to register as brokers, dealers, or exchanges and mandates the segregation of customer assets.
No votes recorded for this bill yet.
Document Type
Congressional Bill
Official Title
Digital Commodity Intermediaries Act
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