118th Congress · SENATE BILLBILL

S. 1870 — Prohibiting Foreign Adversary Interference in Cryptocurrency Markets Act

“A bill to amend the Commodity Exchange Act to prohibit interference in United States digital commodity markets by entities organized or established in a foreign adversary, and for other purposes.”

Finance and financial sector

Introduced Jun 7, 2023

Last action Jun 7, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jun 7, 2023

Step 2

Referred

Jun 7, 2023

Agriculture, Nutrition, and Forestry

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill prohibits the Commodity Futures Trading Commission from registering any digital commodity platform owned by entities affiliated with specified foreign adversaries. If such an entity acquires a platform, the commission must revoke the platform's registration.

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Jun 7, 2023

Introduced in Senate

Jun 7, 2023

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.