HR 4234
To amend the Commodity Exchange Act with respect to the regulation of virtual currencies.
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Bill overview
This bill amends the Commodity Exchange Act to clarify the definition of ‘virtual currency’ and strengthen the Commodity Futures Trading Commission’s (CFTC) ability to oversee the trading of derivatives linked to these currencies. Specifically, it requires exchanges dealing with virtual currency derivatives to maintain and provide access to detailed trade and trader data to the CFTC upon request. The changes aim to improve market transparency and stability related to virtual currencies.
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Primary sponsor
Sean Patrick Maloney
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