3.0.0 6154 2022-02-08T23:16:12Z 2022-02-08T23:16:12Z House HR 2020-03-09 116 [Congressional Record Volume 166, Number 45 (Monday, March 9, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GOSAR:H.R. 6154.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, clause 18 (the Necessary and ProperClause) which gives Congress the power make all Laws whichshall be necessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof.[Page H1556]]]> hsag00 Agriculture Committee House Standing Referred to 2020-03-09T16:03:00Z hsba00 Financial Services Committee House Standing Referred to 2020-03-09T16:02:50Z 2020-03-09 Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsag00 Agriculture Committee 2020-03-09 Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-03-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-03-09 Introduced in House IntroReferral 1000 9 Library of Congress G000565 Rep. Gosar, Paul A. [R-AZ-4] Paul Gosar R AZ A. 4 N Finance and Financial Sector Accounting and auditing Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Broadcasting, cable, digital technologies Commodities markets Commodity Futures Trading Commission Currency Department of the Treasury Government information and archives Licensing and registrations Securities Securities and Exchange Commission (SEC) Finance and Financial Sector 00 2020-03-09 Introduced in House 2021-03-08T20:13:36Z Crypto-Currency Act of 2020

This bill establishes agency oversight of certain digital assets and requires these agencies to publish (1) the exchanges trading these assets, and (2) the requirements to create or trade these assets. The bill generally defines these assets as using a decentralized digital distributed ledger (e.g., blockchain) for transactions.

The bill establishes the Commodity Futures Trading Commission as the primary regulator of cryptocommodities. The bill also establishes the Financial Crimes Enforcement Network and the Office of the Comptroller of the Currency as the primary regulators of cryptocurrencies. Finally, the bill establishes the Securities and Exchange Commission as the primary regulator of cryptosecurities and synthetic stablecoins.

]]> Crypto-Currency Act of 2020 Display Title Crypto-Currency Act of 2020 Official Title as Introduced To clarify which Federal agencies regulate digital assets, to require those agencies to notify the public of any Federal licences, certifications, or registrations required to create or trade in such assets, and for other purposes. Introduced in House IH Short Title(s) as Introduced Crypto-Currency Act of 2020 Introduced in House IH Introduced in House 2020-03-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6154ih/xml/BILLS-116hr6154ih.xml 2020-03-09 Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.