What is the current status of S 1223?

S 1223 is currently: Introduced.

Who sponsored S 1223?

S 1223 was sponsored by Tommy Tuberville (R), Sen.

IntroducedN/A

Introduced1 year ago

Intro

Senate

House

Pres

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Why This Matters

This bill prevents foreign adversaries from interfering in U.S. digital commodity markets by banning their platforms from operating here.

If you trade cryptocurrencies, this bill could help keep foreign entities from influencing the market.

Who this affects

Cryptocurrency traders · Digital commodity brokers

What changes is this bill making?

1This bill prohibits foreign adversaries from registering digital commodity platforms in the United States.
2It defines digital commodities to include cryptocurrencies and similar virtual currencies.
3The bill outlines who qualifies as a foreign adversary and what entities are covered under this definition.
4It establishes rules for digital commodity brokers and custodians, detailing their roles in transactions.
5The legislation aims to protect U.S. digital commodity markets from foreign influence.

Last changed 24 days ago · checked hourly