Pipeline · Bill → Law
Step 1
Introduced
Jul 12, 2023
Step 2
Referred
Jul 12, 2023
Banking, Housing, and Urban Affairs · Finance
Step 3
Committee
Oct 26, 2023
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill provides for the regulation of crypto assets. The bill outlines agency jurisdictions over types of crypto assets and ancillary assets. For example, the bill provides that the Commodity Futures Trading Commission (CFTC) has jurisdiction over crypto assets that do not provide their holders with financial interest in a business entity. The bill also establishes consumer protections, including by requiring (1) a crypto asset intermediary to provide proof of possession or control of all its crypto assets, and (2) an annual verification of assets by an independent public accountant. The bill also provides for the establishment of customer protection and market integrity authorities upo...
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Timeline · 3 actions
Oct 26, 2023
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Jul 12, 2023
Introduced in Senate
Jul 12, 2023
Read twice and referred to the Committee on Finance.