H.R. 5966 · 118th Congress
Off-Chain Digital Commodity Transaction Reporting Act of 2023
- Stage
- In committee
- Sponsor
- Donald Beyer
- Introduced
- 2023-10-17
- Latest action
- 2024-01-18 · Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
Summary
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.