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H.R. 8950 117th Congress House

Digital Commodities Consumer Protection Act of 2022

Official title: To amend the Commodity Exchange Act to provide the Commodity Futures Trading Commission jurisdiction to oversee the spot digital commodity market, and for other purposes.

Introduced: September 22, 2022 See on congress.gov
Finance and Financial Sector Banking and financial institutions regulationCommodities marketsCommodity Futures Trading CommissionComputers and information technology
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Consumer affairsCurrencyDigital media
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 28, 2022
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Sep 22, 2022
Referred to the House Committee on Agriculture.
Sep 22, 2022
Introduced in House
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 Latest action October 28, 2022

Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

 Plain-English summary Congressional Research Service

Digital Commodities Consumer Protection Act of 2022

This bill grants exclusive jurisdiction to the Commodity Futures Trading Commission over activity involving digital commodities as specified by the bill.

The bill defines digital commodities as fungible digital forms of personal property that can be transferred person-to-person without an intermediary. Excluded from this definition are securities, interests in physical commodities, and U.S.-backed digital currencies. The commission does not have jurisdiction over digital commodities used solely for the purchase or sale of a good or service.

Digital commodity platforms (including brokers, custodians, dealers, and trading facilities) must register with the commission and comply with risk management and good governance procedures. The bill also sets forth recordkeeping requirements, conflict of interest standards, and other consumer protections.

 Related & companion bills 2
  • HR 8730 Digital Commodities Consumer Protection Act of 2022
  • S 4760 Digital Commodities Consumer Protection Act of 2022
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Plaskett, Stacey E.
Virgin Islands · Sep 22, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 8950: Digital Commodities Consumer Protection Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-HR-8950/
MLA
"H.R. 8950: Digital Commodities Consumer Protection Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-8950/.
Bluebook (legal)
H.R. 8950, 117th Cong. (2026), https://openamerica.io/bill/117-HR-8950/.
Markdown link
[H.R. 8950: Digital Commodities Consumer Protection Act of 2022](https://openamerica.io/bill/117-HR-8950/)
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