Bill · S. 4064· Senate(119-S-4064)
Digital Commodity Intermediaries Act
- Introduced
- 3/11/2026
- Last activity
- 3/12/2026 — Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 355.
- Sponsored by
- John Boozman
- Cosponsors
- - 6 - 0
- Introduced
- On Calendar
What this bill would do
This bill creates a regulatory system for digital commodities under the Commodity Futures Trading Commission (CFTC). It sets up registration rules for digital commodity exchanges, brokers, dealers, and associated persons. The legislation requires these entities to keep customer assets in qualified digital asset custodians and prohibits the commingling of customer funds. It also establishes protections for software developers and creates an Office of the Digital Commodity Retail Advocate. Finally, the bill authorizes funding and fee collections to support the CFTC in carrying out these new oversight duties.
Yes· 3 of 26
Does this give people more protection from unfair business practices?+7
The bill introduces robust requirements for holding customer assets in qualified custodians, prohibits commingling, and creates a retail advocate office.
Does this give the federal government more power?+5
The legislation expands the regulatory authority of the Commodity Futures Trading Commission over spot digital commodity markets and intermediaries.
Would business owners be better off under this?+4
Digital commodity exchange and broker business owners receive clear regulatory guidelines, although they must comply with registration and fee requirements.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Protection of Customer Assets: Under Section 202 and Section 204 (adding Section 5i(f)(2) of the Commodity Exchange Act), futures commission merchants and digital commodity exchanges are required to hold customer digital assets in a qualified digital asset custodian, helping to secure customer property and minimize the risk of loss.
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Retail Participant Assistance: Section 211 establishes the Office of the Digital Commodity Retail Advocate within the CFTC, which will assist retail participants in resolving significant problems with the agency or registered futures associations and promote the interests of everyday market participants.
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Safeguards for Software Developers: Section 207 (adding Section 4V of the Commodity Exchange Act) protects individuals from being subject to the Act simply for engaging in general blockchain and software development activities, such as validating transactions, operating nodes, or providing user-interfaces.
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Diversity and Outreach Reporting: Section 212 directs the CFTC to examine the racial, ethnic, and gender demographics of digital commodity market participants and report on ways to provide outreach to historically underserved customers.
Potential Negative Impacts for People
- Fees and Financial Burdens: Section 210 (adding Section 8E of the Commodity Exchange Act) authorizes the CFTC to assess and collect initial and annual fees from registered digital commodity brokers, dealers, exchanges, and qualified digital asset custodians, which regulated entities may pass down to market participants.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+4Good For Middle Class Households+3Good For Young Adults+3Good For Billionaires+2Good For High Income Households+2Good For High Net Worth Individuals+2Good For Middle Aged+2Good For Ultra High Net Worth Individuals+2Good For African Americans+1Good For Asian Americans+1Good For Hispanic Americans+1Good For Low Income Households+1Good For Native Americans+1Good For Women+1
- Economy And Finance
- Improves Consumer Protection+7Improves Economic Growth+3Improves Small Business Support+2Increases Job Creation+2Improves Fiscal Responsibility+1
- Governance And Ideology
- Increases Federal Power+5Improves Government Transparency+3Improves Interstate Commerce+3
- National Security And Foreign Policy
- Improves Cybersecurity Defense+3Improves Diplomatic Engagement+1
- Social Issues And Justice
- Improves Gender Equality+1Improves Racial Equity+1
- 3/26/2026
- 1 Cosponsor added.
- 3/23/2026
- 2 Cosponsors added.
- 3/17/2026
- 1 Cosponsor added.
- 3/12/2026
- Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 355.
- 2 Cosponsors added.
- 3/11/2026
- Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Jon HustedRepublican · Ohio
James JusticeRepublican · West Virginia
Bernie MorenoRepublican · Ohio
David McCormickRepublican · Pennsylvania
Dan SullivanRepublican · Alaska
Tommy TubervilleRepublican · Alabama