United States of America: Introduction of Digital Commodity Exchange Act
Description
Introduction of Digital Commodity Exchange Act
On 28 April 2022, the Digital Commodity Exchange Act was introduced to the House. It would allow the Commodity Futures Trading Commission (CFTC) to assume an oversight role in all digital commodity exchanges. The CFTC would be responsible for the registration of trading businesses that deal in digital commodity markets. The Digital Commodity Exchange Act further specifies that trading activity, capital requirements, transparency standards, and cybersecurity practices need to be defined.
Original sourceScope
Policy Area
Other operating conditions
Policy Instrument
Other operating condition, nes
Regulated Economic Activity
other service provider
Implementation Level
national
Government Branch
legislature
Government Body
parliament