United States of America: Introduced Crypto Consumer Investor Protection Act (H.R. 9422)
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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 sourceScope
Policy Area
Other operating conditions
Policy Instrument
User/subject right
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament