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Description

Introduced Crypto Consumer Investor Protection Act (H.R. 9422)

On 2 December 2022, the Crypto Consumer Investor Protection Act (H.R. 9422) was introduced in the House of Representatives of the United States. The Act aims to prohibit providers of cryptocurrency exchange services from lending, leveraging or co-mingling customer funds without obtaining consent from the customer.

Original source

Scope

Policy Area
Other operating condition
Policy Instrument
Consumer protection regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament

Complete timeline of this policy change

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2022-12-02
under deliberation

On 2 December 2022, the Crypto Consumer Investor Protection Act (H.R. 9422) was introduced in the H…

2023-01-03
rejected

On 3 January 2023, the Crypto Consumer Investor Protection Act was rejected after failing to pass b…