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Crypto Investor Protection: Prohibiting Lending Customer Funds

New rules aim to increase the safety of your money on cryptocurrency exchanges. Exchanges will not be able to lend, leverage, or co-mingle your funds with others without your explicit consent. This means more control over your digital assets and less risk of losing them if an exchange faces issues.
Key points
Cryptocurrency exchanges cannot lend your money without your consent.
Exchanges cannot leverage or co-mingle your funds without your consent.
Increased protection for your funds on crypto exchanges, reducing risk of loss.
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Status: Expired
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Additional Information
Print number: 117_HR_9422
Sponsor: Rep. Torres, Ritchie [D-NY-15]
Process start date: 2022-12-02
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Crypto Consumer Investor Protection Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9422.

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 2022-12-02.

What are the main provisions?

Key points include:

  • Cryptocurrency exchanges cannot lend your money without your consent.
  • Exchanges cannot leverage or co-mingle your funds without your consent.
  • Increased protection for your funds on crypto exchanges, reducing risk of loss.
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. Torres, Ritchie [D-NY-15].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Courts and Law