Top Summary
This bill amends the Commodity Exchange Act to require registration of associated persons of digital commodity brokers and dealers, expand registration requirements for commodity pool operators and trading advisors involving digital commodities, and grant the Commission authority to create exemptions to promote innovation while protecting customers. It excludes certain decentralized finance (DeFi) activities from the Act's jurisdiction, except for anti-fraud and anti-manipulation enforcement, and mandates the Commodity Futures Trading Commission to issue rules within 360 days to address conflicts of interest. All provisions will become effective 270 days after enactment unless otherwise specified.
Sub Summaries
- Registration Requirements for Associated Persons of Digital Commodity Brokers and Dealers Under the Commodity Exchange Act
- Expanding Registration and Exemption Authority for Digital Commodity Market Participants Under the Commodity Exchange Act
- Exclusion of DeFi Activities from Commodity Exchange Act Jurisdiction While Preserving Enforcement Authority
- CFTC Mandated to Address Conflicts of Interest in Commodity Markets Within 360 Days
- Effective Date of Provisions and Amendments in the Act