H.R. 4234 · 116th Congress
To amend the Commodity Exchange Act with respect to the regulation of virtual currencies.
- Stage
- In committee
- Sponsor
- Sean Maloney
- Introduced
- 2019-09-06
- Latest action
- 2019-09-11 · Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Summary
This bill provides for data collection by the Commodity Futures Trading Commission (CFTC) regarding virtual currency derivatives. Specifically, a board of trade, contract market, or a swap execution facility that trades a contract or swap referencing a virtual currency must have (1) access to all trade and trader data regarding that virtual currency, and (2) the capability to provide that data to the CFTC upon request.