Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 6154
116th Congress(2019-2020)
Crypto-Currency Act of 2020
Introduced
Introduced
Introduced in House on Mar 9, 2020
Overview
Text
Sponsor
Republican
Introduced
Mar 9, 2020
Latest Action
Mar 9, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
6154
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Paul Gosar
Arizona
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

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.

Text (1)
Introduced in House
March 9, 2020
Actions (2)
03/09/2020
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.
03/09/2020
Introduced in House
Public Record
Record Updated
Feb 8, 2022 11:16:12 PM
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