Sponsors
11 Republican
John BoozmanSenator · AR
The Digital Commodity Intermediaries Act aims to establish a regulatory framework for digital commodities under the Commodity Futures Trading Commission (CFTC). It defines key terms like "digital commodity," "blockchain," and "decentralized finance protocols." The bill grants the CFTC exclusive jurisdiction over spot digital commodity markets and excludes permitted payment stablecoins. It also creates an expedited registration process for digital commodity exchanges, brokers, and dealers, and provides a safe harbor for software developers involved in blockchain infrastructure.
This bill is unequivocally pro-crypto, establishing a clear regulatory framework that the industry has long sought. By assigning exclusive jurisdiction over digital commodity spot markets to the CFTC, it provides much-needed certainty and prevents the Securities and Exchange Commission from attempting to classify all digital assets as securities. This clarity is paramount for the industry's growth and legal operation. The explicit exclusion of 'permitted payment stablecoins' and a reference to the GENIUS Act is a strong endorsement of stablecoin innovation.
Furthermore, the bill's provisions protecting software developers from being regulated as financial intermediaries are extremely beneficial, safeguarding the fundamental decentralized nature of many blockchain projects. The bill also clarifies that the secondary market trading of network tokens, beyond initial offerings, will be considered a digital commodity, which is a significant win for utility tokens. The expedited registration pathways and provisional status for new entities demonstrate a commitment to fostering innovation rather than stifling it with regulatory hurdles.
Every member who has sponsored, cosponsored or voted on this bill. Pick a vote to see how each member voted on it, or narrow by party, name or state.
1 Republican
6 Republicans
