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S 4064 Advanced toward a vote

Creates a federal registration and regulation system for digital commodity exchanges, brokers, and dealers under the Commodity Futures Trading Commission, giving the agency exclusive jurisdiction over spot trading of digital commodities.

Official title: Digital Commodity Intermediaries Act

Next stop Senate floor: awaiting a vote
Timeline each lane is a chamber; dates pull from congress.gov actions
Senate
Introduced 11-MAR-2026
On the calendar 11-MAR-2026
Key points
  • Requires digital commodity exchanges, brokers, and dealers to register with the Commodity Futures Trading Commission, with an expedited registration process set within 180 days of enactment
  • Requires digital commodity exchanges to hold customer assets in qualified digital asset custodians, segregate customer funds, and meet core principles on listing, disclosure, and conflicts of interest
  • Excludes securities, permitted payment stablecoins, bank deposits, and certain other digital assets from the definition of digital commodity, and directs the Commission and the Securities and Exchange Commission to issue joint rules
  • Establishes a Digital Commodity Retail Advocate within the Commission and authorizes $150,000,000 in appropriations until the Commission begins collecting registration fees
AI-generated from the Placed on Calendar Senate text of 12-MAR-2026 · verify · report an error
Official CRS summary

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Committee referrals (0)

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Policy area

Finance and Financial Sector

Sponsor John Boozman (R-AR) Cosponsors · 6
■ 6 R