Establishes a federal framework for regulating the offer and sale of digital commodities by the Securities and Exchange Commission and the Commodity Futures Trading Commission, and bars the Federal Reserve Banks from offering accounts or products directly to individuals or issuing a central bank digital currency.

• Divides oversight of digital commodities between the SEC and the CFTC, and sets registration rules for digital commodity exchanges, brokers, and dealers
• Exempts certain primary sales of digital commodities from registration when the blockchain system meets maturity criteria, with disclosure and reporting duties for issuers that have not yet matured
• Prohibits Federal Reserve Banks from offering financial products or accounts directly to individuals and from issuing a central bank digital currency, and bars the Board from using one for monetary policy

• Agriculture Committee (House)
• Financial Services Committee (House)
• Banking, Housing, and Urban Affairs Committee (Senate)

Finance and Financial Sector