Is The Bill "Digital Commodity Exchange Act of 2022" Crypto Friendly?
Description:
This bill allows for the regulation and registration of digital commodity exchanges subject to oversight by the Commodity Futures Trading Commission. The bill establishes the conditions for the sale of digital commodities, the registration of exchanges, and sets forth other requirements.
Date Introduced:
2022-04-28
Status:
Introduced and Sponsored
Stance on Crypto:
Very Pro-Crypto
Links:
Primary Analysis:
Primary Analysis:
The Digital Commodity Exchange Act of 2022 has the potential to significantly impact the digital asset market. If passed, it will create a robust regulatory framework that will increase investor protection and maintain market integrity. The legislation also seeks to ensure transparency and fairness in the digital asset market, as well as provide a framework for the enforcement of the law. Additionally, the bill could have a long-term impact on the digital asset market, as it sets the stage for future regulation and innovation.
https://1guajiro.medium.com/hr7164-digital-commodity-exchange-actoverview-of-h-r-7614-76894dce4cb0
Congress members who support this bill
Additional Analysis
No additional analysis for this bill yet