Off-Chain Digital Commodity Transaction Reporting Act of 2023
- Last Action
- 1/18/2024
Actions
- 2024-01-18Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
- 2023-10-25Referred to the House Committee on Agriculture.
- 2023-10-17Introduced in House
- 2023-10-17Introduced in House
CRS Summary
As of 2023-10-17 (00)
Off-Chain Digital Commodity Transaction Reporting Act of 2023
This bill requires all digital asset commodity transactions to be reported to a trade repository registered with the Commodity Futures Trading Commission. This includes transactions executed on or off a trading platform. The bill also requires sellers to deliver a digital commodity not less than 24 hours after the transaction.
Digital asset repositories of transactions are subject to similar requirements established for swap data repositories.
Subjects
- Bank accounts, deposits, capital
- Business records
- Computers and information technology
- Congressional oversight
- Currency
- Digital media
- Financial services and investments
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.