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Digital Commodity Exchange Act: Protecting Investors and Market Stability

This act introduces new rules for digital commodity markets to ensure greater security and transparency. Customers will benefit from better protection of their assets through new requirements for exchanges and operators, as well as clear rules for storing digital commodities. The goal is to create an orderly and secure environment for trading digital commodities, promoting responsible financial innovation.
Key points
Introduction of definitions and regulations for digital commodities, digital commodity exchanges, and fixed-value digital commodity operators to standardize market rules.
Digital commodity exchanges may register, and upon registration, must meet stringent customer protection requirements, including fund segregation and risk management.
Establishment of oversight for fixed-value digital commodity operators, requiring them to maintain reserves equal to the value of outstanding units.
Implementation of prohibitions against market manipulation and abusive practices regarding digital commodities to protect market participants.
Enabling voluntary registration and disclosure of information by digital commodity developers to enhance project transparency.
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Expired
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Additional Information
Print number: 117_HR_7614
Sponsor: Rep. Thompson, Glenn [R-PA-15]
Process start date: 2022-04-28
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Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Digital Commodity Exchange Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7614.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-04-28.

What are the main provisions?

Key points include:

  • Introduction of definitions and regulations for digital commodities, digital commodity exchanges, and fixed-value digital commodity operators to standardize market rules.
  • Digital commodity exchanges may register, and upon registration, must meet stringent customer protection requirements, including fund segregation and risk management.
  • Establishment of oversight for fixed-value digital commodity operators, requiring them to maintain reserves equal to the value of outstanding units.
  • Implementation of prohibitions against market manipulation and abusive practices regarding digital commodities to protect market participants.
  • Enabling voluntary registration and disclosure of information by digital commodity developers to enhance project transparency.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Thompson, Glenn [R-PA-15].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Economy Courts and Law